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A bureau within the U.S. Department of Commerce


Press Release

U.S. Department of Commerce Invests $500,000 to Create Jobs, Strengthen Economy in College Station, Texas

WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $500,000 grant to the Texas Engineering Extension Service, College Station, Texas to spur economic recovery following Hurricane Ike by conducting an economic impact study.

"The Economic Development Administration is pleased to partner with the Texas Engineering Extension Service to boost business development and job growth," said Sandra R. Walters, EDA Chief Financial Officer/Chief Administrative Officer. "This EDA grant will provide the impacted Gulf Coast region with a full assessment of the economic adversity wrought by Hurricane Ike and invaluable future economic recovery strategies."

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.