[WASHINGTON, D.C.] – U.S. Senator Dick Durbin (D-IL) and U.S. Representative Cheri Bustos (D-IL) today announced that the U.S. Department of Commerce’s (DOC) Economic Development Administration (EDA) has awarded $100,000 in Economic Adjustment Assistance funding to the Economic Development Council for Central Illinois in Peoria, Illinois to help increase regional competitiveness, economic growth, and job creation.
“Today’s funding will help Central Illinois develop and implement a strategic plan for continued economic growth – one that supports the local manufacturing sector in order to create and bring back jobs in the community,” said Durbin.
“I’m pleased to announce this important investment in the economy of our region,” said Bustos. “Today’s investment will continue our goal of fostering collaboration to create jobs, bolster our manufacturing sector, grow our economy and contribute to a thriving middle class.”
The Economic Development Council for Central Illinois will use this funding to develop a strategy to attract new manufacturing business to Central Illinois. This strategy will help address the needs of supply chain companies and expand the region’s skilled workforce.
This project is funded through the Investing in Manufacturing Communities Partnership (IMCP), which is designed to accelerate the resurgence of manufacturing and help cultivate an environment for businesses to create well-paying manufacturing jobs in regions across the country. Each investment through the program supports the development of strategic plans to build public-private partnerships that result in targeted investments in workforce training, infrastructure, and research.
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.