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FOR IMMEDIATE RELEASE |
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March 19, 2007
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$1.2 Million for the City of McCrory for Economic Development |
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WASHINGTON DC – U.S. Senators Blanche Lincoln and Mark Pryor along with U.S. Representative Marion Berry (AR-01) announced today that the Economic Development Administration will invest $1.2 million dollars to help with construction of a rail spur necessary to connect Calpaco Inc., a paper goods company, to the Intermodal Rail Yard in Marion, Arkansas. The rail spur will create a direct access from Calpaco's new facility to the rail, allowing for a faster and more cost effective vehicle to ship the company's products. This grant is expected to create approximately 250-300 new jobs for the area and potentially generate private invests in excess of $6.4 million.
"This federal investment will provide transportation infrastructure critical to the creation of new jobs in the area," said Lincoln. I am pleased to have worked alongside the residents of McCrory to secure this funding. Their leadership and proactive spirit have been the driving force behind the federal government's interest and investment in McCrory."
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