WASHINGTON, D.C. — U.S. Sen. Dick Durbin (D-Illinois) announced the U.S. Department of Commerce’s Economic Development Administration has awarded $2,368,520 to America’s Central Port District in Granite City to create jobs and aid the construction of critical infrastructure. The project is expected to support 250 local jobs and leverage up to $6.5 million in private investment.
“Not only will this federal investment support local construction jobs, it will also leverage private investment and help attract new business to the area, spurring economic growth and creating jobs throughout the region,” Durbin said.
The funding will be used to construct and rehabilitate 7,300 feet of rail track at the port district’s intermodal industrial park. The project will promote economic development and improve the regional economy by enhancing the link between manufacturers and the nation’s freight transportation network.
The Economic Development Administration supports the economic development needs of distressed communities. Its mission is to lead the federal economic development agenda by promoting innovation and competitiveness and preparing regions for growth and success in the worldwide economy.