Kentucky Regional Economy Receives Funding from Department of Commerce for Job Creation Efforts
June 25, 2010
Contact: John Atwood, (202) 482-4085
WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced an $882,000 grant to the Department for Local Government of Frankfort, Kentucky to support Kentucky Economic Development District planning programs.
"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 implement an economic development planning program that will advance regional competitiveness by working to spur innovation and entrepreneurship, create higher-skill, living-wage jobs, and promote industry clusters."
"The investment provides funding for administrative expenses to support the formulation and implementation of Economic Development District Planning Programs in the State of Kentucky," said Tony Wilder, Commissioner, Department for Local Government.
This investment supports development and implementation of Comprehensive Economic Development Strategies (CEDS) in the Commonwealth of Kentucky and enhancement of coordinated economic development efforts. The CEDS process is designed to bring together the public and private sectors in the creation of an economic development roadmap to diversity and strengthen the regional economy.
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.