U.S. EDA to provide $1.9M investment at Rivercane
The U.S. Economic Development Administration is providing a $1.9 million investment for an industrial access road in the Rivercane Development.
Matt Erskine, U.S. Deputy Assistant Secretary of Commerce for Economic Development and Chief Operating Officer for the Economic Development Administration, made the announcement today following a tour of Muskogee Technology in Atmore.
“We at the EDA are pleased to announce that we’re going to be providing a $1.9 million investment here in this part of the state to help build an industrial access road that will serve the new aerospace manufacturing facility located in the Rivercane Industrial Park,” Erskine said.
The investment will fund the construction of an industrial access road to serve aerospace manufacturing companies that will locate in Rivercane. The new roadway will allow increased access to the park, enabling existing industries constrained by limitations on the road to expand and grow, attract more new businesses and entrepreneurs to the park, and promote job creation and economic growth in the region.
The announcement of the investment today comes almost a month after Brown Precision Inc., which manufactures medical and aerospace parts, made it known they will be building a plant here.
EDA grants are awarded through a competitive process based upon the application’s merit, the applicant’s eligibility and the availability of funds.
Erskine, along with state dignitaries and officials from the Mobile Chamber of Commerce, were also at Muskogee Technology to hear an update on the Investing in Manufacturing Communities Partnership (IMCP). In addition, Christopher A. Masingill, dederal co-chairman of the Delta Regional Authority was also in attendance.
More information on this story will be posted later.