U.S. Commerce Secretary Gary Locke Announces $3 Million Grant to Create Jobs, Strengthen Economy in Brooklyn, New York
August 27, 2009
Contact: Bryan Borlik, (202) 482-4085
EDA Grant Expected to Create 90 Jobs
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $3 million Economic Development Administration (EDA) grant to the Health Science Center at Brooklyn Foundation, Inc., and the Downstate Technology Center, Inc., of Brooklyn, N.Y., to help build an addition to the Advanced Biotechnology Incubator. The project is expected to create 90 jobs and generate $20 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 EDA grant will create new higher-skilled, higher-wage jobs and boost private investment in the New York region by expanding a facility that is providing affordable space for start-up biotechnology firms."
The Department of Commerce is a voice for Main Street businesses that works to grow local economies by fostering innovation and opening markets to U.S. products and services. Locke is a member of President Barack Obama's economic team.
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.