U.S. Division of Commerce Invests $3.7 Million in American Rescue Strategy Money to Aid Company Park Expansion in Reedsburg, Wisconsin


Award is Portion of the Section of Commerce’s $300 million Coal Communities Dedication




Get in touch with: EDA General public Affairs Department, (202) 482-4085

June 21, 2022





WASHINGTON – These days, U.S. Secretary of Commerce Gina M. Raimondo declared the Department’s Financial Growth Administration (EDA) is awarding a $3.7 million grant to the city of Reedsburg, Wisconsin, to build street, sewer and stormwater infrastructure necessary to grow the Reedsburg Business Park. This grant is funded by the American Rescue Approach and EDA’s $300 million Coal Communities Determination.


This grant will provide the essential infrastructure for organizations to identify, relocate, or grow, in a region that has been impacted by the declining use of coal. The EDA expense will be matched with $1.2 million in nearby money and is expected to make 300 jobs, retain 100 employment and crank out $22 million in private expenditure, according to grantee estimates.


“President Biden’s American Rescue System features direct aid to American communities as they operate to establish a better America for the upcoming,” explained Secretary of Commerce Gina M. Raimondo. “This EDA expense will offer the significant infrastructure wanted to assist company enlargement, attract financial commitment, and develop a much better, extra robust regional financial state.”


“The Financial Progress Administration is happy to assistance domestically-pushed methods to strengthen business enterprise recovery endeavours in Wisconsin,” said Assistant Secretary of Commerce for Financial Enhancement Alejandra Y. Castillo. “Expanding organization possibilities in Reedsburg will build new alternatives as the group operates to diversify their financial state and develop resiliency in the location for many years to appear.”


“We know that investing in our compact and regional organizations and local infrastructure are a essential part of creating powerful communities in each and every corner of our condition,” reported Governor Tony Evers. “I’m very pleased that Wisconsin ranks finest in the nation amid states in allocating our federal aid resources towards economic development and help for firms, and this $3.7 million investment decision will assist us go on these endeavours by supporting vital infrastructure and making 300 new work for the Reedsburg neighborhood.”


“I voted for the American Rescue Program simply because it delivers support for our Built in Wisconsin financial state and helps shift our state forward,” explained Senator Tammy Baldwin. “This federal expense from the Biden Administration will support construct road, sewer and storm water infrastructure to extend the Reedsburg Company Park and spur financial development, make new employment and reinforce the regional overall economy.”


“The American Rescue Plan has been a lifeline for communities like Reedsburg,” claimed Congressman Mark Pocan (WI-02). “This vital grant from the Financial Progress Administration for Reedsburg will assist create fantastic-spending work and revitalize the overall economy. Thank you to Secretary Raimondo and Assistant Secretary Castillo for this grant.”


This project is funded beneath EDA’s American Rescue Strategy Economic Adjustment Help system, which will make $500 million in Economic Adjustment Help grants offered to American communities. The Financial Adjustment Help application is EDA’s most flexible plan, and grants manufactured beneath this application will assistance hundreds of communities throughout the country plan, build, innovate, and put men and women back to work via development or non-building assignments made to satisfy local desires.



EDA’s Coal Communities Commitment allocates $300 million of EDA’s $3 billion American Rescue System appropriation to assist coal communities as they recover from the pandemic and to help them create new work and options, together with through the development or expansion of a new industry sector. Exclusively, EDA has devoted $100 million of its Develop Back Much better Regional Problem cash and $200 million of its Economic Adjustment Assistance money to right assist coal communities.







About the U.S. Financial Advancement Administration (www.eda.gov)

The mission of the U.S. Financial Improvement Administration (EDA) is to guide the federal economic development agenda by promoting competitiveness and preparing the nation’s locations for advancement and achievements in the around the world economic climate. An company within the U.S. Section of Commerce, EDA invests in communities and supports regional collaboration in get to develop employment for U.S. employees, advertise American innovation, and speed up very long-expression sustainable economic growth.