U.S. Department of Commerce Invests $2.4 Million for Water Infrastructure Improvements to Support Business Expansion and Job Creation in Moreno Valley, California
WASHINGTON, D.C. – Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.4 million grant to the city of Moreno Valley, California, for water infrastructure improvements to support business expansion and job creation in the region.
This grant will provide for a drainage system expansion project to support local businesses and create economic opportunity This EDA investment will be matched with $1.6 million in local funds and is expected to create three jobs and retain 480 jobs, according to grantee estimates.
“The Biden-Harris Administration’s Investing in America agenda is ensuring that all communities have the resources and opportunities they need to compete and thrive in today’s economy,” said Secretary of Commerce Gina Raimondo. “This EDA investment will help the Moreno Valley community promote local business and job growth, making the regional economy more resilient and retaining hundreds of good jobs.”
“The Economic Development Administration is proud to partner with local communities to support place-based economic growth,” said Deputy Assistant Secretary for Policy and External Affairs, performing the non-exclusive functions and duties of the Assistant Secretary for Economic Development Cristina Killingsworth. “This project will support business growth in Moreno Valley and enable the region to meet the growing domestic and global demands for goods produced in Riverside County.”
“California is leveraging historic federal, state and local infrastructure investments to advance projects in every corner of the state, with a focus on disadvantaged and underserved communities,” said Governor Gavin Newsom. “We are grateful to the Biden-Harris Administration for this grant to make infrastructure improvements that will create new opportunities for local businesses and job creation in Moreno Valley.”
“Investing in Moreno Valley’s water infrastructure is investing in the Inland Empire’s economy,” said Senator Padilla. “This more than $2 million grant from the Biden-Harris Administration will spur local business growth and improve career opportunities for Riverside County residents.”
“Californians know how important water is to our way of life, which is why this federal investment for Moreno Valley is so important,” said Representative Mark Takano (CA-39). “This grant will help drive our community's economic success and strengthen our local environmental sustainability. I applaud Moreno Valley's city leaders on their successful application, and I am appreciative of the Biden-Harris Administration's forward-looking leadership in directing these funds to Riverside County.”
About the U.S. Economic Development Administration (www.eda.gov)
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation’s regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA invests in communities and supports regional collaboration in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.