U.S. Department of Commerce invests $3.2 million in American Rescue Program Fund to support tourism in Wildwood, New Jersey

U.S. Department of Commerce invests $3.2 million in American Rescue Program Fund to support tourism in Wildwood, New Jersey

WASHINGTON – Today, U.S. Commerce Secretary Gina M. Raimond announced that the Department’s Economic Development Agency (EDA) will award a $3.2 million grant to rebuild 2.5 blocks of boardwalk space in Wildwood, New Jersey. did. This grant is funded by the American Rescue Plan.

The project will support the structural restoration of the Wildwood boardwalk, including replacement of timber, concrete trolley beams and slabs, and new railings and stairs to welcome visitors back to a town with an important tourism economy. increase. This EDA grant of his is expected to match $845,000 in local funding, create 109 jobs, and generate $6 million in private investment.

Commerce Secretary Gina M. Raimond said, “President Biden is committed to using the full power of the federal government to not only help our nation recover from this pandemic, but to build a better America in the process.” said. “This EDA investment will increase local tourism as an economic engine for pandemic response and recovery efforts.”

“The travel and tourism industry is an important economic engine for many local economies across the country,” said Alejandra Y. Castillo, Assistant Secretary of Commerce for Economic Development. “This project will support local tourism, which is an important part of the local economy.”

“Tourism has always played an important role in New Jersey’s economy, especially in the town of Shore,” said Gov. Phil Murphy. “This federal funding, in addition to the $4 million allocated by our administration this fiscal year and the additional $4 million allocated to the Wildwood Boardwalk in my proposed budget, will provide employment. Not only will it create and enhance local tourism, but it will also ensure residents and visitors can continue to enjoy this historic landmark for years to come. We thank the Department for investing in our state.”

“The tourism industry is important to the Jersey Shore and its economy,” said Senator Bob Menendez. Securing resources for the United States. We are proud to have worked hard to secure these funds and pass the American Relief Plan, and we thank President Biden for his commitment to the success of South Jersey. increase.”

Sen. Cory Booker said, “It’s been over a year since the American Relief Plan was signed into law, but the Vital Act provides federal funds for New Jersey communities to use for vital projects. “This latest investment will help improve the existing infrastructure on Wildwood’s iconic Boardwalk, creating jobs while improving the quality of life for residents and visitors.” .”

The project is funded under EDA’s $240 million competitive American Rescue Plan Travel, Tourism, and Outdoor Recreation programs. The EDA has awarded her $510 million in grants to all 50 states and territories in 2021. The two programs are designed to accelerate the recovery of communities dependent on the travel, tourism and outdoor recreation sectors.

About the U.S. Economic Development Agency (www.eda.gov)
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development program by promoting competitiveness and preparing regions of the country for growth and success in the global economy. An agency within the U.S. Department of Commerce, EDA works to invest in communities, create jobs for U.S. workers, foster innovation in America, and promote long-term sustainable economic growth in the region. is supporting

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