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The U.S. Department of Commerce's Economic Development Administration today announced a $1 million investment to the city of Midwest City, and the Midwest City Utilities Authority to construct infrastructure improvements to help develop Soldier Creek Business and Industrial Park.
The project has the potential to create 700 jobs and generate $300 million in private investment, according to grantee estimates.
"The Obama Administration is committed to making investments in our infrastructure that will create jobs, promote American innovation, and increase our nation's economic competitiveness," said Secretary of Commerce John Bryson. "This federal grant to Midwest City will support the regional economy and help local small businesses compete, grow, and hire."
This EDA grant will provide the vital infrastructure improvements needed to fully develop a 'rail-ready' industrial park that will attract industry to the region, resulting in the creation of higher-skill, higher-wage jobs. The city will develop the 44-acre facility, including grading, storm drainage, and new water and sewer systems. The improvements will stimulate commercial growth in Midwest City and diversify the region's economic base.
"After working closely with the city and Congressmen Cole and Lankford on this effort, I am pleased that the EDA has seen the benefit of this proposed project in Midwest City," said Senator Jim Inhofe (R-Okla.). "These federal funds will be combined with local funds to make this project possible. Midwest City's vision to provide much needed industrial space that will be able to accommodate diverse sizes and types will provide an attractive option for many companies and bring more jobs to our state. The site is ideally located in a state of Oklahoma Enterprise Zone and has various transportation options for the distribution of goods produced. Recently, EDA grants awarded in Oklahoma have resulted in more than 9,000 jobs. These federal grants, together with state, local, and private-sector funds make a positive economic impact. I congratulate Midwest City and all those who have worked toward this project."
"The city of Midwest City has long recognized the importance of adding new industry and employment opportunities in the city," said Midwest City Mayor Lynn Jack Fry, Jr. "The city greatly appreciates the support from all of the members of its Congressional delegation in its application to the Economic Development Administration for matching grant funds to develop its industrial park."