By: Chris Brunner
Coral Springs was awarded a $2.8 million grant for improvements which will also create new jobs and generate private investment.
The Department of Economic Development Administration (EDA), a Division of the U.S. Department of Commerce awarded the funding to the city to help manage stormwater at the 442-acre Corporate Park business area.
The EDA grant, along with a $1.97 million in a local match, is expected to assist in the creation of 70 jobs, the retention of 217 jobs and generate $7.35 million in additional private investment.
The grant funding announcement was issued in Washington, D.C. on July 16 by U.S. Secretary of Commerce Wilbur Ross.
“I applaud the efforts of our local, state and federal elected officials, who have made hurricane preparedness and recovery a top priority – especially for our business community,” said Economic Development Director, Kristi Bartlett.
Bartlett said the project would help the city better respond and recover from intense flooding conditions caused by severe storms while enhancing the ability to grow target industry businesses at the Corporate Park.
She also credits business owners from the Corporate Park with assisting in the application process.
“Their letters of support and commitment to remain in Coral Springs long-term was an important component to our grant submission and subsequent funding.”
This project is made possible by the regional planning efforts led by the South Florida Regional Planning Council. EDA funds the council, which brings together public and private sectors to create an economic development roadmap to strengthen the regional economy, support private capital investment, and create job growth.