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A bureau within the U.S. Department of Commerce


Press Release

U.S. Department of Commerce Invests $40,000 in the Penobscot Indian Nation in Old Town, Maine

The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $40,000 grant to the Penobscot Indian Nation in Old Town, Maine, to continue a comprehensive economic development planning program.

"The Economic Development Administration is pleased to partner with the Penobscot Indian Nation to improve the regional economic climate," said Sandra R. Walters, EDA Chief Financial Officer/Chief Administrative Officer. "This EDA grant will continue an economic development planning program that will work to boost business development and job growth in the region."

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