U.S. Commerce Secretary Locke Announces $716,853 Recovery Act Grant to Create Jobs, Boost Development in Illinois
September 18, 2009
Contact: Bryan Borlik, (202) 482-4085
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $716,853 Economic Development Administration (EDA) grant to the Chicagoland Entrepreneurial Center of Chicago, Ill., to fund a Cluster Acceleration Program that will help boost business development and job growth in Illinois. The project, made possible because of the American Recovery and Reinvestment Act of 2009 (ARRA), is expected to create additional jobs and private investment in the region.
"The Obama Administration is committed to creating jobs, encouraging innovation and improving our nation's economic competitiveness," Locke said. "This grant will help create new jobs and boost private investment in Illinois by developing a new program that will provide the critical business information, resources, and technical assistance needed to incubate emerging business ventures and encourage entrepreneurship."
The Recovery Act was signed into law by President Obama on February 17, 2009. It is providing immediate relief for American families and jump-starting billions of dollars in new projects that are creating jobs, improving infrastructure and strengthening local economies.
"This project will foster economic growth and build upon private investment in Chicago," U.S. Sen. Dick Durbin (D-IL) said. "Today's funding through the Recovery Act will enhance the Chicagoland Entrepreneurial Center's effort to create good paying jobs that are so important to the region."
"I am pleased that the Obama Administration continues to promote business growth and job creation through the stimulus funds," U.S. Rep. Danny Davis said. "I am certain that these funds will add a needed boost to entrepreneurism that develops the small businesses that are the cornerstone of our economy."
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.