U.S. Secretary of Commerce Penny Pritzker today announced that the Department’s Economic Development Administration (EDA) is awarding $21.1 million in grants to support economic development projects in Alabama, California, Florida, Louisiana, Missouri, New York, Oklahoma, Pennsylvania, South Carolina, Texas, and Utah. The projects are expected to create more than 2,500 jobs and attract $505 million in private investment, according to grantee estimates.
The Obama administration is committed to supporting critical business infrastructure for growth and economic competitiveness. The EDA grants announced today will help implement economic development projects that aim to boost job creation and sustainable economies in 11 states throughout the country.
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation's regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA makes investments in economically distressed communities in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth. Find more information on the $21.1 million in EDA investments announced today.