FOR IMMEDIATE RELEASE
Monday, August 24, 2009
CONTACT OFFICE OF PUBLIC AFFAIRS
U.S. Commerce Secretary Gary Locke Announces $4.7 Million Recovery Act Grant to Create Jobs, Boost Development in Tucson, Arizona
U.S. Commerce Secretary Gary Locke today announced a $4.7 million Economic Development Administration (EDA) grant to the Arizona Board of Regents and the University of Arizona, Tucson, Ariz., to build infrastructure to support phase-one development of the Arizona Bioscience Park. The project, made possible because of the American Recovery and Reinvestment Act of 2009 (ARRA), is expected to create additional jobs and private investment in the region.
“The Obama Administration is committed to creating jobs, encouraging innovation and improving our nation’s economic competitiveness,” Locke said. “The Arizona Bioscience Park will provide the Tucson region with a comprehensive training and research facility that will work to boost workforce training, research and development opportunities, higher-skilled, higher-wage jobs, and private sector investment in the bioscience sector.”
The ARRA was signed into law by President Obama on February 17, 2009. It is providing immediate relief for American families and jump-starting billions of dollars in new projects that are creating jobs, improving infrastructure and strengthening local economies.
The Department of Commerce is a voice for Main Street businesses. It focuses on creating jobs by fostering innovation and opening markets to U.S. products. Locke is a key member of President Barack Obama’s economic team.
EDA is an agency within the U.S. Commerce Department and supports the economic development needs of distressed communities throughout the United States. Its mission is to lead the federal economic development agenda by promoting innovation and competitiveness and preparing American regions for growth and success in the worldwide economy.
Additional information on how EDA investments are helping distressed communities create a positive and sustainable economic future can be accessed at: http://www.eda.gov/.