| Washington, DC – Today, the Department of Commerce announced that the Economic Development Administration (EDA) will invest $1 million to the Clearfield County Economic Development Corporation. The investment will help renovate a building for use as a multi-tenant facility for technology-based and industrial businesses. The investment is expected to create 150 jobs and generate $5 million in private investment.
Today’s announcement comes as welcome news to Congressman Bill Shuster who sees the Economic Development Administration’s interest in Clearfield as a clear indication of Pennsylvania’s strength as a center of technology based businesses.
Shuster’s quote from release:
“The Economic Development Administration’s decision to invest in Clearfield County is great news for Central Pennsylvania,” said Representative Bill Shuster, R-PA, a member of the House Small Business Committee. “Every dollar spent in investment multiplies into good jobs, economic growth and a higher standard of living for the families of Clearfield County. I thank Secretary Gutierrez for choosing Pennsylvania for this project. These funds will attract high-tech employers to the region and will show once again that Pennsylvania is a great place for growing businesses to call home.”
The Department of Commerce’s press release is attached below for your review:
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FOR IMMEDIATE RELEASE
Contact: Bryan Borlik
Monday, February 26, 2007
U.S. Secretary of Commerce Carlos M. Gutierrez Announces
$1 Million Investment in Clearfield, Pennsylvania
U.S. Commerce Secretary Carlos M. Gutierrez today announced a $1 million Economic Development Administration (EDA) investment to the Clearfield County Economic Development Corporation of Clearfield, Penn. The investment will help renovate a building for use as a multi-tenant facility for technology-based and industrial businesses. The investment is expected to create 150 jobs and generate $5 million in private investment.
“President Bush is committed to partnering with communities to promote innovation and competitiveness. Through economic development grants like these, the Commerce Department will continue to encourage investments in areas like Clearfield to grow the economy and create jobs in rural Pennsylvania,” said Gutierrez.
“Every dollar the federal government invests in Clearfield County and rural Pennsylvania is, in my judgment, a dollar well spent,” said Representative John Peterson, R-Pa., a member of the House Appropriations Committee. “These grants tend to have the compounding effect of creating new jobs, attracting new investments, and bringing new folks to the area. I’m grateful to Secretary Gutierrez and the administration for making these resources available.”
“The Economic Development Administration’s decision to invest in Clearfield County is great news for Central Pennsylvania,” said Representative Bill Shuster, R-PA, a member of the House Small Business Committee. “Every dollar spent in investment multiplies into good jobs, economic growth and a higher standard of living for the families of Clearfield County. I thank Secretary Gutierrez for choosing Pennsylvania for this project. These funds will attract high-tech employers to the region and will show once again that Pennsylvania is a great place for growing businesses to call home.”
EDA serves as a venture capital resource to meet the economic development needs of distressed communities throughout the United States. EDA’s mission is to lead the federal economic development agenda by promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy.
Additional information on how EDA investments are helping distressed communities create a positive and sustainable economic future can be accessed at: http://www.eda.gov. |
