The U.S. Department of Commerce Economic Development Administration (EDA) announced on Thursday that it is awarding the Dumas Economic Development Corporation a $1 million grant to improve infrastructure in the Dumas Business Park.
The EDA project will be matched with $1.2 million in local funds and is expected to create 105 jobs and generate $3 million in private investment.
Secretary of Commerce Gina M. Raimondo. said in a statement “President Biden supports the creation of stronger and more resilient regional economies across the country. This EDA investment will provide needed infrastructure improvements to attract new manufacturing, warehousing, and other businesses to the Texas Panhandle, diversifying and strengthening the region’s economy.”
The EDA says this project will provide road, water, and sewer infrastructure to the Dumas Business Park, providing space for new and expanding businesses. Which will in turn allow the city to diversify its economic base and create new jobs for skilled workers.
The Dumas Business Park is located along U.S. Highway 287 and is comprised of 265 acres of real estate available for commercial development. The park currently consists of roughly 16 businesses, including the Amarillo College-Moore County Technical Training Center and the newly constructed Life’s Abundance Distribution Center.
The Panhandle Regional Planning Commission (PRPC) led the project and receives funding from the EDA to bring together the public and private sectors to create an economic development roadmap to strengthen the regional economy, support private capital investment and create jobs.
Senator John Cornyn applauded the announcement and said in a statement: “While Texans persevere as COVID-19 wreaks havoc on our state, we must take steps to ensure that our communities are equipped to weather the storm, I…will continue to do everything I can to make economic growth in Dumas a high priority.”
Governor Greg Abbott said the people of Dumas will “have access to greater economic opportunities as a result of this grant, and I look forward to working alongside the Dumas Economic Development Corporation in their continued efforts to grow business and innovation in the panhandle.”
Article Source: U.S. Economic Development Administration