Secretary Penny Pritzker today announced that the Department’s Economic Development Administration (EDA) is awarding a $600,000 grant to The Idea Village, Inc., of New Orleans, La., to support programs that assist entrepreneurs in building their businesses and creating jobs. Secretary Pritzker is in New Orleans today as part of her nationwide listening tour, and made the announcement at The Idea Village after meeting with local entrepreneurs, mentors and business leaders.
The EDA investment announced today will support more than 300 businesses, according to grantee estimates. Specifically, it will fund additional technical assistance programs, especially in such growing fields as technology, biomedical engineering, and media production; help with expansion of The Idea Village’s successful “Entrepreneur Season,” a six-month-long program of business assistance and education; and support more forums, workshops, and networking sessions that will be offered during New Orleans’ Entrepreneur Week. EDA previously awarded two grants to The Idea Village – $800,000 in 2009 and $400,000 in 2011 – which helped the organization build their capacity to assist entrepreneurs.
To learn more about the U.S. Economic Development Administration, visit www.eda.gov.