Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4.8 million grant to the city of Moberly, Missouri, to make water and wastewater infrastructure improvements needed to support businesses growth. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $1.6 million in local funds and is expected to create 200 jobs and generate $68 million in private investment.
“The Trump Administration is committed to helping American communities affected by natural disasters update infrastructure to attract and grow businesses,” said Secretary of Commerce Wilbur Ross. “This project will enable Moberly to create a flood-resistant downtown business district that will support the needs of both established and new businesses and increase water capacity at the Moberly Area Industrial Park to serve a major meat-packing facility and other businesses. The project’s location in an Opportunity Zone will attract additional investment.”
“Significant flooding in the spring of 2019 severely impacted Moberly,” said Dana Gartzke, Performing the Delegated Duties of the Assistant Secretary of Commerce for Economic Development. “These infrastructure upgrades will enhance businesses’ ability to be resilient in the face of future natural disasters, and the project’s Opportunity Zone designation will further transform the community.”