Illinois Business Journal news services
WASHINGTON – U.S. Sen. Dick Durbin, D-Ill., today announced that the U.S. Department of Commerce’s Economic Development Administration has awarded $2,368,520 in funding to America’s Central Port District in Granite City to create jobs and aide the construction of critical infrastructure.
The project is expected to support 250 local jobs and leverage up to $6.5 million in private investment.
The funding will be used to construct and rehabilitate 7,300 feet of rail track at the Americas Central Port District’s intermodal industrial park. The project aims to promote economic development and improve the regional economy by enhancing the link between area manufacturers and the nation’s freight transportation network.
“Not only will this federal investment support local construction jobs, it will also leverage private investment and help attract new business to the area, spurring economic growth and creating jobs throughout the region,” Durbin said.