U.S. Commerce Secretary Gary Locke Announces $1.9 Million Grant to Create Jobs, Strengthen Economy in Seven-County, Natural Disaster Impacted Region of Kentucky
July 22, 2009
Contact: Bryan Borlik, (202) 482-4085
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $1.9 million Economic Development Administration (EDA) grant for the Green River Area Development District of Owensboro, Ky., to recapitalize a revolving loan fund that will provide businesses in Daviess, Hancock, Henderson, McLean, Ohio, Union and Webster counties with low-cost business loans needed in the aftermath of four federally-declared natural disasters that impacted the region in 2008 and early 2009.
"The Obama Administration is committed to creating jobs, encouraging innovation and improving our nation's competitiveness," Locke said. "This grant will attract private investment and jobs by providing low-cost loans to help businesses expand and meet future needs."
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.
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 grants are helping distressed communities create a positive and sustainable economic future can be accessed at: http://www.eda.gov.