US Commerce Secretary Gary Locke Announces $1.6 Million in Recovery Act Grant
Grant Will Create Jobs, Boost Development in Canton, Illinois
[WASHINGTON, D.C.] – Assistant Senate Majority Leader Dick Durbin (D-IL) announced a $1,592,627 Economic Development Administration (EDA) grant to the city of Canton, Ill., to help build roadways and sewer service for a new bio-medical business park. The project, made possible by the American Recovery and Reinvestment Act of 2009 (ARRA), is expected to create additional jobs and generate private investment in the region.
“A new bio-medical facility will enhance Canton’s ability to attract new industry and foster economic expansion,” Durbin said. “Today’s Recovery Act funding will accelerate the project while creating good paying jobs within the community.”
The Recovery Act was signed into law by President Obama on February 17, 2009. It is providing immediate relief for American families and jump-starting billions of dollars in new projects that are creating jobs, improving infrastructure and strengthening local economies.
EDA is an agency within the U.S. Commerce Department and supports the economic development needs of distressed communities throughout the United States. Its mission is to lead the federal economic development agenda by promoting innovation and competitiveness and preparing American regions for growth and success in the worldwide economy.
Additional information on how EDA investments are helping distressed communities create a positive and sustainable economic future can be accessed at: http://www.eda.gov.