The Paris Economic Development Corporation was awarded a $1.3 million grant for infrastructure improvements to support business growth at the Northwest Industrial Park by the U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration.
This grant will provide for water and roadway upgrades to support current businesses and encourage future development in the region. This EDA investment will be matched with $552,344 in local funds and is expected to create 40 jobs and generate $30 million in private investment, according to grantee estimates.
“This EDA investment will support business growth and manufacturing in Paris, create jobs, and spur additional private investment in the local economy,” Secretary of Commerce Gina Raimondo said.
Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo said the Economic Development Administration is pleased to support local efforts to create new economic opportunities and jobs. This project will boost capacity and support business growth at the Northwest Industrial Park, bringing new jobs to the region.
Governor Greg Abbott said infrastructure improvements are a key component to the success of a growing economy. He thanked the Economic Development Administration for awarding the Paris Economic Development Corporation this grant to help the Northwest Industrial Park thrive,”
“New water and roadway upgrades will encourage more businesses to expand in Paris, bringing even more jobs and economic opportunity to the hardworking people of North Texas,” said Abbott.
Congressman Pat Fallon said he is pleased to see the U.S. Department of Commerce’s investment to improve infrastructure in Paris
“It will continue to help foster economic growth and development in the region – which is a tremendous achievement,” Fallon said.
SOURCE: EDA.gov
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