Image via openarmshouse.org
Written by The Business Journal Staff
The U.S. Secretary of Commerce Gina Raimondo announced this week the Economic Development Administration (EDA) will award the City of Visalia a $4 million grant to be used for improvements in transportation infrastructure to boost business development and job growth.
The project will improve access to the Visalia Industrial Park by widening a portion of Riggins Avenue. In addition to the funds provided by the EDA, $4.4 million in local funds will be spent on the project.
“President Biden is committed to harnessing the full power of the federal government to ensure our nation not only recovers from this pandemic but builds a better America for the future,” said Raimondo. “This EDA investment in Visalia will support existing businesses as they seek to expand and create good-paying jobs for the region’s residents.”
The project is funded under the EDA’s American Rescue Plan. The program makes $500 million in Economic Adjustment Assistance grants available to communities throughout the country and aims to help communities expand to meet local needs.
“This American Rescue Plan assistance will fund important transportation infrastructure improvements to better meet the needs of businesses in the Visalia Industrial Park and open the door to new jobs and investment,” said Governor Gavin Newsom. “California is grateful to have the Biden Administration’s continued support in our work to promote economic growth in communities across California.”