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A bureau within the U.S. Department of Commerce


Press Release

U.S. Department of Commerce Invests $442,854 to Create Jobs, Strengthen Economy in Central Texas

WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $442,854 grant to the Capital Area Council of Governments, Austin, Texas to develop the region's first large-scale smart energy grid in partnership with key private sector, university and non-profit stakeholders.

"The Economic Development Administration is pleased to partner with the Capital Area Council of Governments to boost business development and job growth," said Sandra R. Walters, EDA Chief Financial Officer/Chief Administrative Officer. "This EDA grant will help position central Texas as an innovative leader in the creation and promotion of clean energy practices, and will create significant opportunity for entrepreneurial growth throughout 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.