UPDATE: $2.5 million from stimulus package coming to Dorchester County

UPDATE:

11:28AM

The U.S. Department of Commerce official who sent the release just emailed me additional information about what exactly the $2.5 million will be used for. He said "The project will involve construction of water and sewer improvements consisting of the following: 14,000 linear feet of a 12' water line; 4,300 linear feet of 10' water line; a 500,000 gallon elevated water tank; and 14,700 linear feet of 14' sewer force main from an existing pump station including two submersible 1,050 gpm pumps."

ORIGINAL STORY BELOW:

11:13AM

The U.S. Department of Commerce sent News 2 a press release this morning to announce a $2.5 million grant from the stimulus package that will be used for biotechnology infrastructure in Dorchester County. There is no estimate provided that details how many jobs will be created by this grant. The press release information is below:

U.S. Commerce Secretary Locke Announces $2.5 Million Recovery Act Grant to

Create Jobs, Boost Development in Dorchester County, South Carolina

WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $2.5 million Economic Development Administration (EDA) grant to Dorchester County, S.C., to help build infrastructure to support business development needs in the biotechnology sector. The project, made possible because of the American Recovery and Reinvestment Act of 2009 (ARRA), is expected to create additional jobs and private investment in the region.

“The Obama Administration is committed to creating jobs, encouraging innovation and improving our nation’s economic competitiveness,” Locke said. “This grant will help Dorchester County expand its biotechnology cluster by providing the critical infrastructure needed to establish new firms and other businesses that will bring higher-skill, higher-wage jobs and increased private investment to the region.”

The Recovery Act was signed into law by President Obama on February 17, 2009. It is providing immediate relief for American families and jump-starting billions of dollars in new projects that are creating jobs, improving infrastructure and strengthening local economies.

“This tremendous Recovery Act investment will help to build a sustainable alternative fuel economy for part of South Carolina that is in need of job creation,” U.S. Rep. James Clyburn said. “The EDA’s support will improve economic opportunities and continue our efforts to grow more green jobs.”

The Department of Commerce is a voice for Main Street businesses. It focuses on creating jobs by fostering innovation and opening markets to U.S. products.

EDA is an agency within the U.S. Commerce Department and supports the economic development needs of distressed communities throughout the United States. Its mission is to lead the federal economic development agenda by promoting innovation and competitiveness and preparing American regions for growth and success in the worldwide economy.

Additional information on how EDA investments are helping distressed communities create a positive and sustainable economic future can be accessed at: http://www.eda.gov.