The Economic Development Administration (EDA) has awarded our client, the Port of Victoria, TX a $3M EDA investment. CSRS wrote the EDA Cares Act Grant application for Victoria County Navigation District. The funds will be used to construct a 1.9-mile rail loop and a 2,000-foot ladder track to serve existing and future business. The rail loop will allow the Port to handle unit trains (100 car train) and create hundreds of jobs.
EDA’s mission is to lead the Federal economic development agenda by promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy. EDA implements this mission by making strategic investments in the nation’s most economically distressed regions that encourage private sector collaboration and the creation of jobs. EDA investments are results driven, embracing the principles of technological innovation, entrepreneurship and regional development.