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Thursday, May 5, 2011

Economic Development Grant Could Mean More Jobs To Washington Missouri

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A grant from the U.S. Commerce Department's Economic Development Administration to the city of Washington is expected to create new manufacturing jobs. The grant, announced Wednesday, totals $973,551, and will be used to build a rail spur to expand the size of the city's John F. Feltman Industrial Park.
“The region has been hard-hit by cutbacks and closures in the automotive sector,” said U.S. Assistant Secretary of Commerce for Economic Development John Fernandez. “This EDA grant will help build a rail spur that will ease the transfer of goods, allowing industries located in the Feltman Industrial Park to expand and create new, higher-skilled, living-wage job opportunities.”
“With industries in Washington looking to expand, the rail facility will allow for the efficient transport of goods from the industries located in the industrial park. The Team Track facility will provide expanding and new manufacturers of large end products a viable shipping alternative and will help to diversify the region’s economic base,” said Darren Lamb, Director of Planning and Engineering for the city of Washington.
The investment is expected to generate $26 million in private investment and create 150 new jobs, according to grantee estimates.

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