Harder Announces $8.35 Million Grant Expected to Create More than 2,000 Tracy Jobs
WASHINGTON — Today, Representative Josh Harder (CA-10) announced that Tracy’s International Park of Commerce will receive a grant of $8.35 million to make significant infrastructure improvements. This Department of Commerce Economic Development Administration (EDA) Grant will be matched with $2.1 million in local investment and is expected to create 2,145 jobs, retain 6,734 jobs, and generate $459 million in private investment.
“Creating more than 2,000 new jobs, retaining more than 6,500 jobs, generating more than $450 million in investments, that’s a win-win-win to me,” said Rep. Harder. “This is exactly the kind of infrastructure investments we should be making. I’m incredibly excited we locked in these resources for Tracy.”
“President Biden is committed to helping our cities obtain 21st century investments in infrastructure as they recover from the pandemic and build back stronger,” said Secretary of Commerce Gina Raimondo. “This EDA investment in Tracy will enhance supply chain movement for local business, allowing industry to thrive and stimulating job growth.”
This project is funded under the Coronavirus Aid, Relief, and Economic Security (CARES) Act (Public Law 116-136), which provided EDA with $1.5 billion for economic assistance programs to help communities prevent, prepare for, and respond to the coronavirus. EDA CARES Act Recovery Assistance, which is being administered under the authority of the bureau’s flexible Economic Adjustment Assistance (EAA) program, provides a wide range of financial assistance to eligible communities and regions as they respond to and recover from the impacts of the coronavirus pandemic.