Provo City Corp. has received a $1.8 million grant from the U.S. Commerce Department’s Economic Development Administration (EDA), according to a release from the office of U.S. Secretary of Commerce Wilbur Ross. The grant is to be used for roadway and utility infrastructure needed to support business expansion and development. According to Provo officials’ estimates, the project is expected to create 450 jobs and spur $35 million in private investment. {mprestriction ids="1,3"}
“After years of neglect, the Trump administration has emphasized the crucial need to rebuild and revitalize American infrastructure,” said Ross. “The new roads and utilities providing access to the Mountain Vista Business Park will support local businesses’ needs and create new job opportunities for the community.”
“I am glad to see the Department of Commerce make this proactive investment in infrastructure development in Provo,” said Gov. Gary Herbert. “This project will make a real difference in one of the fastes=growing counties in our state.”
The project will help Provo further develop an emerging tech and manufacturing campus inside the Mountain Vista Business Park. In addition, Medic Life, a healthcare technology company, will house its headquarters there. The project was made possible by the regional planning efforts led by the Mountainland Economic Development District (MEDD). EDA funds will 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, MEDD said in a statement.{/mprestriction}
