EDA Invests $2.9M in Galilee

Release courtesy of Senator Jack Reed’s office.

The Rhode Island Congressional Delegation and state leaders today announced a $2.9 million U.S. Economic Development Administration grant to the Rhode Island Department of Environmental Management to rehabilitate critical infrastructure at the Port of Galilee in Narragansett.

U.S. Deputy Assistant Secretary of Commerce for Economic Development Matt Erskine joined Rhode Island Governor Lincoln Chafee, U.S. Senator Jack Reed, U.S. Senator Sheldon Whitehouse and U.S. Congressman Jim Langevin today in Narragansett to make the announcement.

“The Obama administration is committed to strengthening the critical infrastructure that is vital to the economic health of local communities,” said Deputy Assistant Secretary of Commerce for Economic Development Matt Erskine. “The EDA grant announced today will help ensure the continued economic viability of Rhode Island’s fishing industry and spur economic development, tourism and new investment in the Narragansett area.”

“This federal funding will support some of the most critical components of Rhode Island’s economic recovery: our infrastructure and our key fishing and tourism industries,” said Governor Lincoln Chafee. “For generations, the Port of Galilee has been a significant part of the economic life of our state. We are grateful to the Obama administration for this grant, which is a long-term investment in Rhode Island’s economy with the added benefit of good construction jobs in the near-term.”

“Modernizing the Port of Galilee is a smart investment that recognizes the importance of the fishing industry to our economy and will help spur business activity, create jobs, and boost Rhode Island’s economy.  Fishing is critical to our economy.  Strengthening the port’s infrastructure is key to its long-term stability and our state’s economic future,” said U.S. Senator Jack Reed, a senior member of the Appropriations subcommittee that oversees EDA funding, and also hosts an annual EDA Grant Workshop to help Rhode Islanders successfully apply for EDA grants. 

“This is welcome news for the Port of Galilee and the businesses that call it home,” said U.S. Senator Sheldon Whitehouse, who arranged a tour of the Port with the Rhode Island Department of Environmental Management for the Economic Development Administration, and joined the delegation in supporting the grant application. “Commercial ports and working waterfronts are vital to Rhode Island’s economic future. This federal investment at Galilee will boost the fishing and marine trades industries which provide critical jobs for Rhode Islanders.”

“The jobs created by this funding, along with its support for industries critical to our state economy, epitomizes the way federal grants should work,” said U.S. Congressman Jim Langevin. “It also shows why we must reverse the process of sequestration, which began today and puts in place across the board cuts with no regard for programs that work best.”

The EDA investment will support major repairs at the Port of Galilee, which is an important regional center for commercial fishing as well as marine recreational fishing and tourism. The repairs include replacing 925 linear feet of bulkhead from Salty Brine State Beach to State Pier 3 and rehabilitation of 3,200 square feet of Pier HH. The project is expected to create 21 new jobs, retain an additional 685 jobs, and generate $720,000 in private investment, according to grantee estimates.

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 for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA makes investments in economically distressed communities in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.