Press Release

Commerce Department Investment to Spur Energy and Technology Exports

June 18, 2010
Contact: John Atwood, (202) 482-4085

Businesses in South New Jersey and Southeastern Pennsylvania to Benefit from New Grant

WASHINGTON - U.S. Commerce Secretary Gary Locke today announced a $1 million U.S. Economic Development Administration (EDA) grant to the Greater Philadelphia World Trade Center Inc., of Philadelphia, Pennsylvania to provide export assistance to energy and technology businesses located in South New Jersey and Southeastern Pennsylvania.

"President Obama is committed to doubling U.S. exports over the next five years while supporting two million American jobs," Locke said. "This investment advances that goal by helping small energy and technology companies in the Greater Philadelphia area get the technical assistance they need to take advantage of trade opportunities around the world."

The investment will support energy and technology clusters programs that will provide technical assistance to smaller companies in the Greater Philadelphia area to help those companies increase their exports.

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.