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A bureau within the U.S. Department of Commerce


Press Release

U.S. Commerce Secretary Gary Locke Announces $1.8 Million Grant to Create Jobs, Strengthen Economy in Maine

WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $1.8 million Economic Development Administration (EDA) grant to the University of Maine in Orono, Maine, to provide in-depth managerial, technical, and strategic assistance to employers struggling to recover from natural and economic disasters through the Knowledge Transfer Alliance (KTA).

"The Obama Administration is committed to creating jobs, encouraging innovation and improving our nation's economic competitiveness," Locke said. "This grant will save jobs by boosting the University of Maine's work with vulnerable businesses in key sectors to develop state-of-the-art management skills, improve their operations, and strengthen their ability to succeed in challenging economic environments."

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.