|Program||# of Grants||EDA Funds|
During Fiscal Year 2013, EDA invested $100,000 in the State of Delaware. EDA’s investments help Delaware communities achieve bottom-up, locally-defined economic development goals and strategies.
EDA offers a complementary, balanced portfolio of grant programs designed to help rural and urban communities grow their private sectors and create jobs.
Investment Spotlight: University Center at Delaware State University
After years of decline in two of the state’s major industries, manufacturing and agriculture, the state of Delaware saw significant need to grow its Small and Medium-sized Enterprises (SMEs). Not only was the state experiencing unrealized potential for growing the number of SMEs, but it was missing significant opportunities for existing SMEs to expand their markets, particularly in exports.
The EDA-funded University Center at Delaware State University is addressing this problem head-on. By focusing on cultivating a highly skilled regional workforce and advancing entrepreneurship in the State of Delaware, the University Center is working to build the state’s cadre of SMEs, especially in its most economically distressed areas. The Center is identifying innovation clusters, enhancing awareness of global markets and opportunities that will help technology commercialization, and improving marketing resources to help attract businesses to the state.
A key part of this training program is export assistance, providing product and service export strategic planning to businesses and conducting export conferences and workforce for SMEs. With EDA’s assistance, the University Center at Delaware State University will help Delaware companies bring their products to the global market.