U.S. Department of Commerce Invests $62,325 to Create Jobs, Strengthen Economy in Michigan
June 25, 2009
Contact: Bryan Borlik, (202) 482-4085
WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $62,325 grant to the Mid-Michigan Innovation Center (MMIC) of Midland, Mich., to help create a Regional Business Incubator Network that will provide incubator operations services and management training to new and existing small business incubators. MMIC will also partner with communities and organizations to conduct incubator feasibility analyses for communities considering the establishment of a virtual or facilities-based incubator in their regions.
"The Economic Development Administration is pleased to partner with the Mid-Michigan Innovation Center to boost business development and job growth," said Sandra R. Walters, EDA Chief Financial Officer/Chief Administrative Officer. "This EDA grant will help improve Michigan's entrepreneurial climate and encourage the establishment of initiatives and facilities that support small business development and success."
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.