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A bureau within the U.S. Department of Commerce


Press Release

U.S. Department of Commerce Invests $75,000 in the Mid-Willamette Valley Council of Governments, Salem, Oregon

The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $75,000 grant to the Mid-Willamette Valley Council of Governments, Salem, Oregon to prepare a long-term strategy that will help the region recover economically from recent flood incidents and lessen the economic impact of future weather events.

"The Economic Development Administration is pleased to partner with Mid-Willamette Council of Governments to improve the regional economic climate," said Sandra R. Walters, EDA Chief Financial Officer/Chief Administrative Officer. "The long-term strategy will serve as a blueprint to guide recovery efforts in response to the 2007 and 2008 floods and will help mitigate the economic impact of future storms."

EDA serves as a venture capital resource to meet the economic development needs of distressed communities throughout the United States. EDA's mission is to lead the federal economic development agenda by promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy.

Additional information on how EDA programs are helping distressed communities create a positive and sustainable economic future can be accessed at: http://www.eda.gov.