U.S. Department of Commerce Invests $700,000 to Create Jobs, Strengthen Economy in San Antonio, Texas
December 11, 2009
EDA Grant Expected to Create 190 Jobs, According to Grantee Estimates
WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $700,000 grant to The University of Texas at San Antonio (UTSA) in San Antonio, Texas to conduct a comprehensive study assessing the economic, social, and technological impacts of Hurricane Dolly in Hidalgo, Willacy and Cameron Counties, Texas and to develop and implement a sustainable business program for businesses affected by the hurricane. The project is expected to create 190 jobs, according to grantee estimates.
"Economic recovery and growth are top priorities for the Obama Administration," said U.S. Assistant Secretary of Commerce for Economic Development John R. Fernandez. "This EDA grant will help the region create and retain jobs by formulating plans to increase economic resiliency and sustainability in the event of future emergencies and natural disasters and will help to foster new job opportunities by working to reestablish and spur entrepreneurial ventures associated with innovative, natural resource-based development."
"This disaster study and sustainable business program will help so many communities and small businesses affected by Hurricane Dolly. The sustainable business program will be replicated in Bexar, Nueces and San Patricio Counties, Texas and will restore higher-skill, higher-wage job opportunities for many citizens," said Robert McKinley, Associate Vice President for Economic Development.
EDA is an agency within the U.S. Department of Commerce that partners with distressed communities throughout the United States to foster economic growth and job creation. 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 global 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.