Transcript: U.S. SECRETARY OF COMMERCE WILLIAM M. DALEY ANNOUNCES $1.43 MILLION GRANT TO THE CITY OF STURGEON BAY AND THE DOOR COUNTY ECONOMIC DEVELOPMENT

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Washington, DC - U.S. Commerce Secretary William M. Daley today announced the award of a $1.43 million Economic Development Administration (EDA) grant to the city of Sturgeon Bay and the Door County Economic Development Corporation, WI, to help off-set recent job loss associated with the closure of Peterson Shipbuilding, Inc., a defense contractor.

The grant will be used to boost business development and job creation by constructing industrial park improvements, recapitalizing a revolving loan fund, and providing funding for the continuation of a defense adjustment exporting marketing consortium for Door County companies.

"The Clinton-Gore administration ...

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