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A bureau within the U.S. Department of Commerce


Press Release

U.S. Department of Commerce & i2E Collaborate to Promote Technology Commercialization Sector in Oklahoma City

Investment to help create new jobs in wake of significant losses in manufacturing employment

WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $1 million U.S. Economic Development Administration (EDA) grant to Oklahoma City's i2E, Inc. to help develop the Technology Business Launch entrepreneurial support program.

"The Obama Administration is committed to creating jobs, encouraging innovation and improving our nation's economic competitiveness," Locke said. "This EDA grant will accelerate the growth of early-stage, advance technology companies creating new higher-skill living-wage job opportunities for workers in the Oklahoma City region."

The project provides for enhanced business development services, education programs and networking to early-stage companies, entrepreneurs and supporters of entrepreneurs in targeted area.

About the U.S. Economic Development Administration (www.eda.gov):

This year, the U.S. Economic Development Administration (EDA) marks 45 years of public service, with a mission of leading the federal economic development agenda by promoting competitiveness and preparing American regions for growth and success in the worldwide economy. EDA is an agency within the U.S. Department of Commerce that partners with distressed communities throughout the United States to foster job creation, collaboration and innovation.