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A bureau within the U.S. Department of Commerce


Press Release

U.S. Department of Commerce Invests $190,000 to Create Jobs, Strengthen Economy in Brooklyn, New York

WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $190,000 grant to the Brooklyn Economic Development Corporation of Brooklyn, N.Y., to continue a borough-wide community and economic development planning program, known as Re-NEW Brooklyn.

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

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.