Wisconsin's First District Congressman Paul Ryan joined the U.S. Commerce Department's Economic Development Agency (EDA) to announce a grant to Rock County and Forward Janesville Inc. to support their regional economic initiatives in the aftermath of General Motors Corp.'s closure of its assembly plant in Janesville.
The EDA grant will provide $450,000 to assist in the transition and retraining of regionally displaced workers, as well as to assist redevelopment initiatives proposed by local leaders.
"The local leaders in Janesville and Rock County have put together a forward-looking economic development plan for the region, and this grant will go a long way in supporting these efforts," said Ryan, a fifth-generation Janesville resident. "This has been a gut-wrenching summer for southern Wisconsin, and today's announcement provides our community with much-needed support. I remain firmly optimistic that Janesville's best days are ahead."
The EDA serves as a venture capital resource to meet the economic development needs of distressed communities throughout the United States.
"Communities that work together to create dynamic regional economies that foster innovation and competitiveness are the key to America's continued success as the leader of the 21st century global economy," said U.S. deputy assistant secretary of commerce for economic development Benjamin Erulkar. "This EDA investment will help provide the critical staff needed to implement the Rock County 2020 Economic Development Plan."
Federal grant to help retrain displaced GM workers in Janesville
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