INHOFE ANNOUNCES $1.9 MILLION EDA GRANT FOR CLAREMORE RAILROAD CONSTRUCTION

WASHINGTON, D.C. - U.S. Sen. James M. Inhofe (R-Okla.), Ranking Member of the Senate Environment and Public Works Committee, announced today that the U.S. Commerce Department's Economic Development Administration (EDA) awarded a $1.9 million grant for a regional railroad-based trans-modal facility in the North Business Park of Claremore, Oklahoma. 

"I am pleased to announce today an Economic Development Administration grant of $1.9 million that will benefit Claremore and the surrounding region in Rogers County," Senator Inhofe said. "This investment in Claremore will help spur additional economic growth for the city and surrounding area as a reliable transportation hub for goods. I have long been a supporter of EDA programs and am happy to see investments being directed to local infrastructure projects."

The following information is from the U.S. Department of Commerce:

The EDA investment will fund construction of a regional railroad-based trans-modal facility in the Claremore North Business Park. The new facility will enhance the ability of regional manufacturing entities to transport goods and will help the region become disaster resilient by providing additional, alternative transportation options during major flooding events and severe weather.

BACKGROUND:

As Chairman of the EPW Committee in 2004, Senator Inhofe sponsored the last reauthorization of EDA. Since it was reauthorized, the EDA has awarded $28.2 million in project and infrastructure funding in Oklahoma which has been leveraged with $30 million in state dollars and $560 million in private investments.

In February 2009, Senator Inhofe introduced legislation to reauthorize the EDA. EDA works with partners in local communities to create wealth and minimize poverty by promoting favorable business environments to attract private investment and encourage long-term economic growth.

The EPW Committee held an EDA oversight hearing in May 2009 where LaVern Phillips, President of the Woodward Industrial Foundation in Oklahoma, presented testimony.

In September 2008, Senator Inhofe invited Elgin, Oklahoma Mayor Larry Thoma before the Subcommittee on Transportation and Infrastructure to discuss the importance of the Economic Development Administration in Elgin.

Recent EDA grants that have benefitted Oklahoma communities include:

Arkansas River Corridor Master Plan: Inhofe Announces Grant

Woodward: City receives $1 million Grant for Conference Center

Adair County:  Inhofe Announces $900,000 EDA Grant