The 48th Texas Legislative Conference in New Braunfels was full of information about water and oil & gas activity in Texas. This has a huge impact on our real estate market. 1,000 people per day are moving to Texas!! It was a pleasure gaining education and representing the CTX Association of Realtors today!–Katie Clark
U.S. Commerce Department awards $1.25 million EDA grant for CTTC expansion
Date: March 19, 2014
The U.S. Secretary of Commerce Economic Development Administration (EDA) has awarded a $1.25 million grant to fund expansion of the Central Texas Technology Center (CTTC). The expansion will enhance workforce training in science and technology in support of the region’s goal of expanding its manufacturing and industrial base.
The project is a collaborative effort between the cities of Seguin, New Braunfels, Seguin Economic Development Corporation, the New Braunfels Chamber of Commerce, New Braunfels Industrial Development Board (4B), and Alamo Colleges. The initiative received $4 million in funding from voters in the New Braunfels 2013 Bond Program. The New Braunfels Industrial Development Board has committed $320,000, and the Seguin Economic Development Corporation is supplying $600,000 towards the estimated $6.2 million project total.
“We are gratified to receive the support from the EDA and our congressional representatives,” said New Braunfels Mayor Gale Pospisil. “Successfully obtaining funding for this essential project is a great example of a partnership between entities in our region achieving a common goal, with mutual benefits, by working together.”
The CTTC provides vital workforce development for the cities of New Braunfels and Seguin as well as Comal and Guadalupe counties. Enrollment capacity has been exceeded and the expansion will effectively double the Center’s current size in order to accommodate additional students by adding general instructional space, biology and chemistry labs, student support areas and faculty offices.
“The CTTC has played a critical role by providing training for such Seguin businesses as Caterpillar, Continental, CMC Steel and Alamo Group,” said Phil Seidenberger, President of the Seguin Economic Development Corporation Board of Directors and Chairman of the CTTC Advisory Board. “A technical training center such as the CTTC is an attractive benefit for companies looking to relocate or expand in our area. Many industries today require advanced technical skills training and subsequently, offer higher wages. The CTTC fulfills that need for these businesses and our local workforce.”
EDA grants are awarded through a competitive process based upon the application’s merit, the applicant’s eligibility, and the availability of funds. More information on EDA’s grant process and investment process can be found at http://www.eda.gov
Posted by: Sami Kuhn