EDA releases funds for railroad project

HORN LAKE — U.S. Commerce Secretary Gary Locke has announced a $1.1-million Economic Development Administration (EDA) grant to the City of Horn Lake to build a railroad spur to serve a foods manufacturing business and to help attract other commercial interests to the region.

The project is expected to create or save 320 jobs and generate $1.3 million in private investment, according to grantee estimates.

Locke said. “This grant create jobs, allowing Newly Weds Foods to expand their operations and increase the marketability of industrial site development in the Horn Lake region.”

[RSS Feed] [del.icio.us]



To sign up for Mississippi Business Daily Updates, click here.

POST A COMMENT

 

FOLLOW THE MBJ ON TWITTER

Top Posts & Pages