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Funds will go toward the developmengt of the ClearwoodBusinesds Park, specifically for building water and sewetr infrastructure, according to the . The projecy is expected to create 100 jobs andgeneratre $10 million in private investment, according to “The federal grant announced today supports a locally-driven economic-recovery strateg y that will help Friendswood build a commerciall center that will attract new industry and jobs followingy the economic adversity wrought by Hurricane Ike,” Commercde Secretary Gary Locke said in a The government’s Economic Developmentf Administration supports the economic development needs of distressed communitiesw throughout the United States.
Its missiob is to lead the federal economic development agendaa by promoting innovation and competitiveness and preparing American regionz for growth and success in theworldwidre economy.
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