This EDA investment supports the massachusetts development finance agency with constructing an industrial access road and making stormwater infrastructure improvements to serve businesses located…

The U.S. Department of Commerce Economic Development Administration (EDA) awarded a $1.35 million Project Grant to the Massachusetts Development Finance Agency (MDFA) under the Investments for Public Works and Economic Development Facilities program (CFDA 11.300). The funding will support MDFA's construction of an industrial access road and stormwater infrastructure improvements at the Devens Industrial Area and former Fort Devens military base in Ayer, MA. The infrastructure investments are intended to promote future private sector job growth in advanced manufacturing and biotechnology by facilitating industry expansions at the regional job center. Through catalytic public works projects, the EDA program aims to help economically distressed communities build critical facilities that implement regional development strategies. The access road and stormwater upgrades funded by this award are expected to strengthen the regional economy by bolstering job creation and resilience in Ayer, MA.

This EDA investment supports the massachusetts development finance agency with constructing an industrial access road and making stormwater infrastructure improvements to serve businesses located within the devens industrial area and former fort devens military base in ayer, MA, a regional job center that provides high wage job opportunities in advanced manufacturing and biotechnology, to the residents of the montachusett greater lowell region. The redevelopment of the access road will promote future private investment and industry expansions, bolster job creation, and strengthen resiliency within the regional economy.