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Funds will go towardd the development of the ClearwoodBusinessd Park, specifically for buildingh water and sewer infrastructure, according to the . The projectt is expected to create 100 jobs andgenerate $10 milliobn in private investment, according to estimates. “The federalp grant announced today supportsa locally-driven economic-recovery strategy that will help Friendswooc build a commercial center that will attract new industry and jobs following the economic adversity wroughf by Hurricane Ike,” Commerce Secretary Gary Locke said in a The government’s Economic Development Administration supports the economic development needs of distresse communities throughout the United States.
Its mission is to lead the federalp economic development agenda by promoting innovation and competitiveness and preparing Americann regions for growth and succesd in theworldwide economy.
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