July 26, 2022

EDA: $5.5 Million Invested to Support Transportation Infrastructure Improvements in American Canyon, CA

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $5.5 million grant to the city of American Canyon, California, to improve transportation infrastructure in the Green Island Industrial District (GRID). This grant is funded by the American Rescue Plan.

This project will recondition and expand damaged and capacity-limited roads in the GRID, ensuring local infrastructure meets the business needs of major employers. This EDA grant will be matched with $4.5 million in local funds and is expected to create 57 jobs, retain 80 jobs and generate $31.5 million in private investment, according to grantee estimates.

“President Biden’s American Rescue Plan is providing direct support to communities as they build a better America,” said Secretary of Commerce Gina M. Raimondo. “Infrastructure is vital to economic growth and job creation, and this project will help ensure American Canyon remains a competitive location for businesses.”

“The Economic Development Administration plays an important role in helping communities implement plans to provide the resources that businesses need to be successful,” said Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. “This project will provide critical infrastructure upgrades and enhance economic resilience in the region.”

“This American Rescue Plan assistance will fund important transportation infrastructure improvements in the Green Island Industrial District, helping meet the needs of businesses, creating new jobs and supporting the area’s continued development,” said Governor Gavin Newsom. “California is grateful to have the Biden Administration’s continued support in our work to promote economic growth in communities across California.”

“As we navigate the ongoing challenges of the COVID-19 pandemic, the American Rescue Plan continues to deliver for California communities. This EDA funding will help upgrade critical transportation infrastructure and strengthen the local economy,” said Senator Alex Padilla. “I look forward to continue working with the Biden administration to ensure our communities have the federal resources they need.”

“Thanks to the American Rescue Plan, American Canyon is receiving $5.5 million to invest in infrastructure and ensure it meets the needs of our community’s businesses,” said Congressman Mike Thompson (CA-05). “This investment is going to create jobs, generate private investment, and help develop the Green Island Industrial District. Proud to have supported the American Rescue Plan and I will continue to work to bring federal funds back to our district to improve infrastructure and spur economic opportunity.”

This project is funded under EDA’s American Rescue Plan Economic Adjustment Assistance program, which makes $500 million in Economic Adjustment Assistance grants available to American communities. The Economic Adjustment Assistance program is EDA’s most flexible program, and grants made under this program will help hundreds of communities across the nation plan, build, innovate, and put people back to work through construction or non-construction projects designed to meet local needs. Effective May 26, 2022, EDA has officially closed all of its American Rescue Plan programs for applications. The $3 billion program funding will be awarded on a rolling basis through September 30, 2022.

About the U.S. Economic Development Administration (www.eda.gov)
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation’s regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA invests in communities and supports regional collaboration in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.

This post was originally published here.