U.S. Secretary of Commerce Wilbur Ross has announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million grant to the city of Perry, to make critical roadway infrastructure improvements to support the expansion of manufacturing businesses in the region. The EDA grant will be matched with $884,703 in state funds and $355,535 in local funds, and the grant is expected to create or retain 165 jobs and generate more than $2.8 million in private investment.
“The Trump Administration is committed to helping American communities obtain the modern infrastructure they need to encourage business attraction and growth,” said Secretary of Commerce Wilbur Ross. “This project will make roadway infrastructure improvements in an Opportunity Zone in Perry that will allow local manufacturing businesses to grow, expand, and attract new private investment to the area.”
“EDA is proud to support local efforts to improve infrastructure to spur business growth,” said Dana Gartzke, Performing the Delegated Duties of the Assistant Secretary of Commerce for Economic Development. “EDA investments in Opportunity Zones are enhancing return on investment for business interests and encouraging the public/private partnerships needed to drive private investment to cities like Perry.”