Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $600,000 grant to the city of Tulare, California, to make building renovations to accommodate new business growth and startup expansion.
This grant will support the creation of a fabrication facility which will house 3D printers, laser cutters, and other equipment small businesses can access for prototyping and producing new products. This EDA investment will be matched with $210,000 in local funds and is expected to create 72 jobs, according to grantee estimates.
“The Economic Development Administration plays an important role in helping communities implement their plans to provide the vital infrastructure that businesses need to be successful,” said Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. “This EDA investment will help provide a state-of-the-art space where entrepreneurs can grow their businesses, contributing to regional job creation and economic resilience.”
“California’s innovation and entrepreneurial spirit can be found in every region of our state, from San Francisco to the Central Valley. Right here in Tulare, an investment from the Economic Development Administration will foster economic growth and job creation,” said Governor Gavin Newsom.
“Infrastructure that supports Tulare’s small business owners and entrepreneurs is critical to boosting the Central Valley’s economy,” said Senator Alex Padilla. “As we celebrate Small Business Month, this investment will spur innovation and create good-paying jobs by providing hardworking small business owners important tools to grow their enterprises.”
“I applaud the EDA for delivering this funding which will create jobs, grow businesses, and spur economic growth,” said Senator Laphonza Butler. “These federal dollars going to Tulare will create spaces that help ensure small businesses get the cutting-edge technology they need to keep our local economies strong.”
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.