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Contact: Cleve Mesidor, (202) 482-4085
December 21, 2012
WASHINGTON - Acting U.S. Commerce Secretary Rebecca Blank today announced $5.5 million in Economic Development Administration (EDA) grants to strengthen economies in New York, North Dakota, and South Dakota, following natural disasters in 2011.
"The Obama administration is committed to helping communities impacted by natural disasters rebound and rebuild," said Acting U.S. Commerce Secretary Rebecca Blank. "The $5.5 million in EDA investments announced today will support local economies in New York, North Dakota, and South Dakota, rebuild critical infrastructure and expand access to capital for small businesses."
The investments announced today include:
These projects are part of a $200 million appropriation made by Congress to EDA to help communities that received a major disaster designation in fiscal year 2011 with long-term economic recovery and infrastructure support.
Within the context of the administration's National Disaster Recovery Framework (NDRF) (PDF), EDA serves as the Coordinating Agency on behalf of the Department of Commerce for the Economic Recovery Support Function (RSF) to coordinate the activities of a diverse group of partner agencies supporting recovery in disaster-impacted communities. The activities consist primarily of improved information sharing and the leveraging of existing resources to make a positive impact for communities affected by disasters.
About the U.S. Economic Development Administration (www.eda.gov)
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.