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A bureau within the U.S. Department of Commerce


Press Release

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

WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $60,000 grant to the Oregon Cascades West Council of Governments of Albany, Ore., to support flood recovery efforts in Lincoln County. The county's economy was severely impacted by storms in December 2007 and January 2009.

"The Economic Development Administration is pleased to partner with the Oregon Cascades West 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 work to boost disaster recovery efforts in Lincoln County and help mitigate the economic impact of future weather-related disasters."

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.