U.S. Commerce Secretary Locke Announces $2.75 Million Recovery Act Grant to Create Jobs, Boost Development in Springfield, Missouri
September 22, 2009
Contact: Bryan Borlik, (202) 482-4085
WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $2.75 million Economic Development Administration (EDA) grant to Missouri State University in Springfield, Mo., to help establish the Entrepreneurship and Business Development Center as part of the IDEA Commons urban research park. 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 the Springfield region by establishing a facility that will provide the critical office space and technical assistance needed to foster the growth of new entrepreneurial ventures."
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.
"As we see more signs of economic recovery in America, it's more important than ever to ensure opportunities for revitalization continue to come to Missouri as well. This project aims to do just that by bringing jobs and new investments to the Springfield area," U.S. Sen. Claire McCaskill said.
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.