Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $713,300 grant to the city of Caldwell, Texas, to make critical infrastructure improvements needed to support the growth of manufacturing in the region. This EDA grant, to be matched with $287,860 in local investment, is expected to create 23 jobs, retain 201 jobs, and generate $3.1 million in private investment.
“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 Jorge Ayala, Director of EDA’s Austin Regional Office. “This EDA investment will help build necessary roadway, water, and sewer infrastructure to support growth and expansion at the Caldwell Industrial Park.”
“Thank you to the Economic Development Administration for investing in the growth of the manufacturing industry in Caldwell,” said Governor Greg Abbott. “This additional funding towards essential structural improvements to water, sewer, and roadway infrastructure will be a boon to the continued development of Caldwell Industrial Park.”
“While Texans persevere as COVID-19 wreaks havoc on our state, we must take steps to ensure that our communities are equipped to weather the storm,” said Senator John Cornyn. “I applaud this announcement for Caldwell and will continue to do everything I can to make economic growth across Texas a high priority.”
“I am pleased to see Caldwell receive monetary funds that will encourage private capital investment, generate and retain local jobs, and boost the economy,” said Congressman Pete Sessions (TX-17). “This is real infrastructure that American communities need. This investment will greatly benefit Central Texans and further develops the private-public sector relationship.”
This project was made possible by the regional planning efforts led by the Brazos Valley Council of Governments (BVCOG). EDA funds BVCOG 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 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.