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Funds will go toward the development of the ClearwooddBusiness Park, specifically for building water and sewer according to the . The projecft is expected to creatse 100 jobs andgeneratee $10 million in privatw investment, according to estimates. “The federal grant announced today supportsaa locally-driven economic-recovery strategy that will help Friendswood buildd a commercial center that will attract new industr y and jobs following the economic adversityt wrought by Hurricane Ike,” Commerce Secretary Gary Lock e said in a statement.
The government’s Economic Developmenr Administration supports the economic developmentf needs of distressed communities throughoutr theUnited States. Its mission is to lead the federakl economic development agenda by promoting innovatioj and competitiveness and preparing American regions for growth and success in theworldwide
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