U.S. Department of Commerce Invests $750,000 in the Downtown Development District of New Orleans
April 3, 2009
The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $750,000 grant to the Downtown Development District (DDD) of New Orleans, La., to develop and implement an economic strategy that will help attract an entrepreneurial workforce to the city following outmigration caused by recent natural disasters.
"The Economic Development Administration is pleased to partner with the Downtown Development District of New Orleans to boost business development and job growth," said Sandra R. Walters, EDA Chief Financial Officer/Chief Administrative Officer. "This EDA grant will help New Orleans attract and retain entrepreneurially-oriented workers."
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.