U.S. Secretary of Commerce Gary Locke Announces $3.5 Million Investment to Create Jobs, Strengthen Economy in the Lower Rio Grande Region of Texas
May 28, 2009
Contact: Bryan Borlik, (202) 482-4085
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $3.5 million Economic Development Administration (EDA) grant to the Lower Rio Grande Valley Development Council of McAllen, Tex., to spur economic recovery following Hurricane Dolly. The funding will create a regional economic adjustment plan that will help communities prepare for natural disasters.
"The Obama Administration is committed to creating jobs, encouraging innovation and improving our nation's competitiveness," Locke said. "This grant will provide the Lower Rio Grande Valley with the technical assistance to develop and coordinate a regionally-based collaborative effort that will attract new industry and jobs following the economic adversity wrought by Hurricane Dolly."
The Department of Commerce is a voice for Main Street businesses. It focuses on creating jobs by fostering innovation and opening markets to U.S. products. Locke is a key member of President Barack Obama's economic team.
EDA is an agency within the U.S. Commerce Department and 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.