Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.8 million grant to the Provo City Corporation of Provo, Utah, for roadway and utility infrastructure needed to support business expansion and development. According to grantee estimates, the project is expected to create 450 jobs and spur $35 million in private investment.
“After years of neglect, the Trump Administration has emphasized the crucial need to rebuild and revitalize American infrastructure,” said Secretary of Commerce Wilbur Ross. “The new roads and utilities providing access to the Mountain Vista Business Park will support local businesses’ needs and create new job opportunities for the community.”
“I am glad to see the Department of Commerce make this proactive investment in infrastructure development in Provo,” said Governor Herbert. “This project will make a real difference in one of the fastest growing counties in our state.”
This project will help Provo further develop an emerging tech and manufacturing campus inside the Mountain Vista Business Park. In addition, Medic-life, a healthcare technology company, will house their headquarters there. This project was made possible by the regional planning efforts led by the Mountainland Economic Development District (MEDD). EDA funds MEDD to bring together the public and private sectors to create an economic development roadmap to strengthen the regional economy, support private capital investment, and create jobs.
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 makes investments in economically distressed communities in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.