WASHINGTON –U.S. Senators John Boozman and Mark Pryor along with Congressmen Mike Ross (AR-4) today announced the city of Crossett will receive a $1 million grant for infrastructure improvements to Crossett Industrial Park, including a rail spur, loop road and water and waste water, to help accommodate new businesses.
The U.S. Department of Commerce’s Economic Development Administration (EDA), which provided the grant, estimates the investment will help create 133 jobs, retain three jobs and help leverage $8.1 million in private investments. According to the EDA, the investments to Crossett Industrial Park will also create green jobs, utilize state-of-the-art technology and help return jobs back to the United States from China. The total cost of the project is estimated to be $2,012,206.
“We’re working to help Crossett make the necessary infrastructure improvements that will help retain hardworking members of the community who are uncertain about their job future,” Boozman said. “This investment is an important step to spurring economic development and growth that will help attract businesses and provide employment opportunities for years to come.”
“The news that Crossett will be losing hundreds of jobs hits hard. It also serves as a reminder of how important it is to continue building up the infrastructure in Ashley County so we can maintain existing jobs and attract new industry. This funding will expedite upgrades at the Crossett Industrial Park, which I hope will hasten opportunities in the area,” Pryor said.
“This investment will help Crossett and Ashley County grow, attract new industry and create new jobs at a time when they are badly needed,” said Ross. “The people of Crossett and its leaders are hardworking, dedicated people and I’m proud to announce this grant to help them in their economic development efforts. This investment and the ongoing improvements at Crossett Industrial Park help send a strong message that Crossett is open for business and ready to get to work.”
EDA grants are awarded through a competitive process based upon the application’s merit, the applicant’s eligibility, and the availability of funds. More information on EDA’s grant process and investment priorities can be found at www.eda.gov.