Washington, D.C. – (RealEstateRama) — U.S. Representative Mike Bost today announced a grant award to fund the construction of roadway improvements for industrial expansion in Mount Vernon. The project will improve access to allow current industries to ship and receive goods more efficiently, along with improving water service for the area, which will result in new higher paying jobs and additional employment throughout the region.
“This grant not only improves infrastructure in Mount Vernon, it will also create more than 100 good-paying jobs and promote economic development in Jefferson County,” said Rep. Bost. “This is a win for job creation and the local economy.”
The Economic Development Administration (EDA) grant totals $1.5 million and is expected to create 110 jobs, save 97 jobs, and leverage $110 million in private investment.
EDA grants are awarded through a competitive process based upon the application’s merit, the applicant’s eligibility, and the availability of funds.