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The U.S. Department of Commerce’s Economic Development Administration (EDA) announced Thursday they were giving a $756,894 grant to the City of Troy to make critical roadway improvements needed to help Bodine Aluminum expand operations and serve future development.
The investment is expected to create 35 jobs and generate $10 million in private investment, according to grantee estimates.
“This EDA investment in Troy is a great example of the Obama administration’s commitment to helping communities realize their local plans to create jobs and economic opportunity,” said Acting Assistant Secretary of Commerce for Economic Development Matt Erskine. “The EDA grant will help create jobs in Troy now in the crucial auto industry and ensure that adequate infrastructure exists to support future development.”
The EDA grant will help reconstruct Cherry Blossom Way from South Main Street to South Third Street to support the expansion of Bodine Aluminum and support other business development in Troy. Bodine Aluminum supplies four cylinder, six cylinder and eight cylinder aluminum castings to support all Toyota assembly operations in North America.