Monticello Live

U.S. Senators Blanche Lincoln and Mark Pryor and U.S. Representative Mike Ross have announced that the Southeast Arkansas Regional Intermodal Authority, made up of the Cities of Monticello and Warren, and Drew and Bradley Counties, will receive a $1.9 million grant from the Economic Development Administration under the U.S. Department of Commerce to construct water and sewer infrastructure for a new industrial park outside Monticello. 

The funds will be used to construct water and sewer infrastructure for the new industrial park, which will support new and expanding industries. The project is expected to create 40 jobs and leverage $5 million in private investment.

SeaArk Marine, a company that manufactures boats, has outgrown its current location and plans to move to the new industrial park, and several other area businesses have expressed interest in relocating there as well. The companies will benefit from better access to highways, the Arkansas Midland Railroad and Yellow Bend Port.

“I am pleased to announce this investment in the Monticello area that will create local construction jobs and lay the foundation for long-term economic expansion in Southeast Arkansas,” Lincoln said. “Creating jobs and encouraging economic growth in Arkansas has been my top priority since I first took office, and I will continue to fight for funding that boosts Arkansas’s economy.”

“Strong water infrastructure can be a path to growth and economic development for a community,” Pryor said. “These funds will help Drew County support more businesses and create good jobs.”

“Developing our transportation and infrastructure system is key to boosting our state’s overall economy,” Ross said. “I am proud to help announce this funding because when we invest in our local communities, we invest in our future, attracting more industry and creating much-needed jobs for Arkansas.”

This entry was posted on Wednesday, May 5th, 2010 at 8:05 am and is filed under Intermodal facility. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.