EDA Makes $37 Million Available to Create Jobs and Support Entrepreneurship
The U.S. Commerce Department’s Economic Development Administration (EDA) has announced
that nearly $37 million in grants is available to help communities suffering from the adverse effects of import competition develop ways to more effectively compete in the global economy. The funding is available under EDA’s Community Trade Adjustment Assistance (Community TAA) Program, which was created in the American Recovery and Reinvestment Act of 2009.
“The Community TAA Program will help American communities develop strategies and projects that will transform their communities and help them regain economic competitiveness. By funding projects that support innovation and entrepreneurship and encourage regional collaboration we are able to partner with communities to create a framework for sustainable economic development for years to come,” U.S. Assistant Secretary of Commerce for Economic Development John R. Fernandez said.
Funds will be disbursed through EDA’s six regional offices in the form of grants to communities (cities, counties, or other political subdivisions of a state or a consortium of political subdivision of a state) to create jobs and generate private sector investment by promoting comprehensive, entrepreneurial and innovation-based economic development efforts.
The notice published in the Federal Register may be viewed at: http://edocket.access.gpo.gov/2010/pdf/2010-273.pdf