U.S. Commerce Secretary Gary Locke Announces $1 Million Grant to Create Jobs, Strengthen Economy in Maui, Hawaii
August 19, 2009
Contact: John B. Atwood, (202) 482-4085
EDA Grant Expected to Create 175 Jobs and Generate $5 Million in Private Investment
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $1 million Economic Development Administration (EDA) grant to the Maui Economic Development Board of Kihei, Maui, Hawaii, to help build a regional Renewable Energy Resource Center at the Ke Alahele Center Incubator to provide the latest technological information on renewable energy to Hawaiian businesses. The project is expected to create 175 jobs and generate $5 million in private investment, according to grantee estimates.
"The Obama Administration is committed to creating jobs, encouraging innovation and improving our nation's economic competitiveness," Locke said. "This grant will create jobs and help Maui businesses become more competitive by helping them incorporate renewable energy concepts and projects into their business plans."
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 investments are helping distressed communities create a positive and sustainable economic future can be accessed at: http://www.eda.gov.