U.S. Department of Commerce invests $600,000 to support business growth in Tulare, California

WASHINGTON Today, the U.S. Department of Commerce's Economic Development Administration (EDA) is awarding a $600,000 grant to the City of Tulare, California, to renovate its buildings to accommodate new business growth and the expansion of startups.

This grant will support the creation of a manufacturing facility that will house 3D printers, laser cutters and other equipment that small businesses can access for prototyping and production of new products. This EDA investment will be supplemented by $210,000 in local funds and is expected to create 72 jobs, according to recipient estimates.

The Economic Development Administration plays an important role in helping communities implement their plans to provide the vital infrastructure businesses need to succeed, Assistant Secretary of Commerce for Economic Development Alejandra Y said. Castillo. This EDA investment will help provide state-of-the-art space for entrepreneurs to grow their businesses, contributing to regional job creation and economic resilience.

California's innovation and entrepreneurship can be found in every region of our state, from San Francisco to the Central Valley. Right here in Tulare, an investment from the Economic Development Administration will promote economic growth and job creation, Gov. Gavin Newsom said.

Infrastructure that supports small business owners and entrepreneurs in Tulares is critical to boosting the Central Valleys economy, said Sen. Alex Padilla. As we celebrate Small Business Month, this investment will spur innovation and create good-paying jobs by providing hard-working small business owners with important tools to grow their businesses.

I applaud the EDA for providing this funding that will create jobs, grow businesses and spur economic growth,” said Senator Laphonza Butler. These federal dollars allocated to Tulare will create spaces that help ensure small businesses have the cutting-edge technology they need to keep our local economies strong.

About the U.S. Economic Development Administration (www.eda.gov) The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation's regions to growth and success in the global economy. An agency within the U.S. Department of Commerce, EDA invests in communities and supports regional collaboration to create jobs for American workers, promote American innovation, and accelerate long-term sustainable economic growth.

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