| WASHINGTON, D.C. – Senators Blanche Lincoln and Mark Pryor and Congressman Marion Berry (AR-01) announced today that the City of Osceola will receive a $1.45 million Economic Development Administration grant from the U.S. Department of Commerce to make improvements to the city’s water and sewer systems. This investment will create 19 new jobs and generate $180 million in private investments.
The Economic Development Administration helps distressed communities meet their economic development needs by providing financial investments for important infrastructure projects. The administration focuses particularly on promoting innovation, competitiveness, and preparing communities for success in the global economy.
"These federal funds provide an exciting opportunity for Osceola to improve the quality of life for its citizens, while creating jobs and spurring economic growth," said Senator Lincoln.
“Federal funds can make a critical difference toward strengthening local infrastructure and improving the quality of life for local residents,” said Senator Pryor. “I’m pleased families in Osceola will benefit from health, stability and economic gains this assistance will provide to the community.”
“With so many communities competing for water infrastructure grants, I am pleased to see Osceola secure these funds to improve its water and sewer system,” said Congressman Berry. “A secure water system is not only essential for healthy drinking water but an important foundation for continued growth and economic development.” |
