FOR IMMEDIATE RELEASE: June 23, 2009
SCHUMER ANNOUNCES OVER $1.3 MILLION IN DEPARTMENT OF COMMERCE FUNDING COMING TO CHAUTAUQUA COUNTY FOR MUCH-NEEDED INFRASTRUCTURE PROJECTS
Funding Will Support Construction of Three Roads and Other Infrastructure for Chadwick Bay Industrial Park
Schumer: Investment Critical to Job Creation, Economic Development in Western New York
U.S. Senator Charles E. Schumer today announced that the Department of Commerce Economic Development Administration (EDA) will allocate a total of $1,335,000 to Chautauqua County for infrastructure projects. The funding will be used to construct three roads as well as other infrastructure to improve access to the North County Industrial Corridor, which surrounds the Chadwick Bay Industrial Park.
“This money is a critical investment in Chautauqua County’s economic future and a wise investment in the short and long term,” said Schumer. “These federal dollars will create construction jobs and provide improved access to the Chadwick Bay Industrial Park to allow companies that operate there to expand their business and help promote economic development. I will continue to fight for projects that will create jobs in Western New York and attract companies to the area.”
The improvements funded by the EDA investment will allow the expansion of existing firms and benefit the region's food processing and trucking distribution clusters located in the Chadwick Bay Industrial Park. The EDA estimates that 146 jobs will be created and $48 million in private investment will be leveraged as a result of this new money. The investment was approved by Sandra R. Walters, Chief Financial Officer and Chief Administrative Officer of the EDA.