Rep. Jim Costa (D-Fresno) announced today that the City of Fresno will receive $3.04 million to improve infrastructure and boost economic development.

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The investment award from the Economic Development Administration is anticipated to create 327 jobs and spur $35 million in private investment.

“Appropriating funds for our nation’s water and transportation infrastructure is my top priority in Congress, and I applaud Mayor Swearengin for ensuring that important investments are made in Fresno’s infrastructure,” Costa said. “This federal funding will have real, positive, and long-term impacts in our community and throughout the San Joaquin Valley.”

The funds are meant for infrastructure work such as safe roads and efficient drainage systems, Costa added.

“This is exciting news – not only because it’s a confirmation of our good working relationship with the Obama Administration to bring much needed infrastructure money to Fresno, but that the improvements it will pay for directly impact job creation and business growth. It’s just the start of what we believe will be continued investment and advancement in our city,” said Mayor Ashley Swearengin.