Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $992,576 grant to the town of Seaboard, North Carolina, to make critical infrastructure improvements needed to support existing businesses, including a major lumber manufacturing facility, and to attract new businesses. This EDA grant, to be matched with $248,144 in local investment, is expected to attract $75 million in private investment and retain 141 jobs.
“Helping our communities provide the vital infrastructure that businesses need to be successful is a top priority for the Trump Administration,” said Dana Gartzke, Performing the Delegated Duties of the Assistant Secretary of Commerce for Economic Development. “This EDA investment will rehabilitate the town of Seaboard’s wastewater treatment plant to support the retention of a major lumber facility and other businesses while also helping to attract new ventures.”
This project was made possible by the regional planning efforts led by the Upper Coastal Plain Council of Governments. Funded by EDA, the Upper Coastal Plain Council of Governments brings 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.