$4MM EDA Grant to Port of Oswego
The U.S. Economic Development Administration (EDA) has awarded the Port of Oswego (located on Lake Ontario, just north of Syracuse, N.Y.) a $4 million grant to improve rail infrastructure and purchase new cargo handling equipment. The funding will provide the Port with essential equipment and railroad infrastructure upgrades, leading to 19 new jobs, increased export capacity and better access to global markets for local businesses, officials noted.