U.S. Department of Commerce Invests $3 Million for Water System Upgrades
The U.S. Department of Commerce will invest nearly $three million into the New River Regional Water Authority in Austinville, Virginia in order to support water infrastructure improvements that can help create and retain jobs.
According to the U.S. Economic Development Administration, the U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the New River Regional Water Authority in Austinville, Virginia, for water infrastructure improvements needed to support local business growth and job creation.
This grant will expand the existing water treatment facility to boost its capacity to support a new rubber products manufacturing plant and other business needs. This EDA investment will be matched with $3.8 million in local funds and is expected to create nearly 2,500 jobs and generate $715 million in private investment, according to grantee estimates.
“The Biden-Harris Administration is investing in our middle class by building out infrastructure and supporting manufacturing, creating hundreds of thousands of jobs across Virginia and the entire country,” said Secretary of Commerce Gina Raimondo. “This EDA investment will help create even more new, high-paying jobs in Southwest Virginia and grow economic opportunity across the region.”
