Port receives $4 million for Ike/Gustav Recovery Efforts
Today, it was announced that the Port of Orange will receive $4 million to develop a trans-modal containerized logistics area.
Part of $19.5 million coming to the Gulf Coast, it will be used for recovery efforts from hurricanes Ike and Gustav.
The grant will facilitate the transfer of containers onto barges as products are prepared for export and will provide tremendous cost savings by reducing transportation costs. The project is expected to save or create more than 50 jobs in the region, according to grantee estimates.
Last week, the Obama Administration announced $20.9 million of investments for the Gulf Coast region to assist in the recovery.
Today’s announcement by U.S. Commerce Secretary Gary Locke of an additional $19.5 million in Economic Development Administration (EDA) investments shows continued efforts to aid the ongoing economic recovery following the devastation caused last year by hurricanes.
“The Obama Administration is committed to creating jobs, encouraging innovation and improving our nation’s competitiveness,” Locke said. “Hurricanes Ike and Gustav devastated the Gulf Coast region. These investments will enhance the region’s competiveness, improve productivity and create jobs.
“These grants show President Obama’s continued commitment to working with the Gulf Coast region to assure that the business community is rebuilt and critical jobs are restored.”
Other Gulf Coast areas receiving aid include:
• $10 million for the Texas Medical Branch at Galveston
• $3 million for the Trinity Bay Conservation District of Anahuac
• $2.5 million for Nassau Bay