Commerce Secretary Announces $500,000 Investment In Epping, New Hampshire

U.S. Commerce Secretary Don Evans and U.S. Rep. John Sununu (1st Dist.-N.H.) today announced a $500,000 economic development investment in the town of Epping, N.H. The investment will improve routes 101 and 125 to allow for increased commercial and industrial development.

“The Department of Commerce is pleased to partner with the people of Epping. This investment is a great example of Congressman Sununu’s commitment to help the Bush Administration empower local communities with the necessary tools to grow their economy, attract investments and create jobs in New Hampshire,” said Evans.

"This funding represents a commitment on the part of the Commerce Department to Epping's continued economic development," said Sununu, who met with local and state officials on the project last spring. "I am pleased that the Rockingham County Economic Development Corporation has made 'Epping Crossing' its top priority, ultimately ensuring new jobs for the greater Epping area."

The investment is expected to help create more than 1,000 jobs for local citizens and spur as much as $35 million in private-sector investments.

The Commerce Department’s Economic Development Administration (EDA) funded the grant. EDA serves as a venture capital resource to meet the economic development needs of distressed communities throughout the United States. EDA partners with states, units of local government and community nonprofit organizations in economically-distressed areas, regions and communities in order to alleviate conditions of poverty and substantial and persistent unemployment and underemployment.

Additional information on how EDA investments are helping distressed communities create a positive and sustainable economic future can be accessed at: http://www.doc.gov/eda.