On October 2, 2024, the Oswego County Industrial Development Agency (IDA) was awarded a $2.5 million grant from the U.S. Economic Development Administration (EDA) to enhance infrastructure at the L. Michael Treadwell Industrial Park in Schroeppel, New York [824ee929]. This funding will support the construction of over 3,700 feet of new roadway, 4,200 feet of sanitary sewer, and 3,700 feet of waterlines, which are essential for expanding the industrial park's capacity [824ee929].
The IDA plans to double the size of the industrial park, creating up to 10 shovel-ready sites specifically aimed at attracting advanced manufacturing and semiconductor businesses [824ee929]. This development is projected to generate hundreds of high-paying jobs and draw significant capital investment into the region, with completion expected by August 2027 [824ee929].
Key supporters of this initiative include Senate Majority Leader Chuck Schumer, Senator Kirsten Gillibrand, and Congresswoman Claudia Tenney, who have all emphasized the importance of infrastructure improvements for local economic growth [824ee929].
This grant follows other recent investments in water infrastructure across the U.S., such as the $2 million grant awarded to Stuttgart, Arkansas, and the $2.8 million grant for a new water tower in Cambridge City, Indiana, both aimed at enhancing local economies and job creation [79ea8674][948d965c]. These initiatives reflect a broader commitment from the federal government to support infrastructure development as a means to stimulate economic growth and improve public health [1dbe9a88].