Press Release

U.S. Department of Commerce Invests $60,000 to Create Jobs, Strengthen Economy in Iowa City, Iowa

August 5, 2009
Contact: Bryan Borlik, (202) 482-4085

WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $60,000 grant to Iowa City, Iowa to develop a feasibility study and establish a business plan needed to establish a creative technologies business incubator.

"The Economic Development Administration is pleased to partner with Iowa City to improve the regional economic climate," said Sandra R. Walters, EDA Chief Financial Officer/Chief Administrative Officer. "This EDA grant will work to boost business development and job growth in the region by helping to establish a business incubator facility that will nurture and develop new technology-based enterprises."

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.