Press Release

U.S. Department of Commerce Invests $110,000 in Saipan, Commonwealth of the Northern Mariana Islands

March 11, 2009
Contact: Bryan Borlik, (202) 482-4085

The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $110,000 grant to the Northern Mariana Islands Department of Commerce based in Saipan, to help prepare a Comprehensive Economic Development Strategy (CEDS) that will guide the Commonwealth's economic development efforts.

"The Economic Development Administration is pleased to partner with the Commonwealth of the Northern Mariana Islands to boost business development and job growth," said Sandra R. Walters, EDA Chief Financial Officer/Chief Administrative Officer. "This EDA grant will assist the Commonwealth in attracting private investments that will result in industrial diversity and job growth."

EDA 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.