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A bureau within the U.S. Department of Commerce


Press Release

U.S. Department of Commerce Invests over $1 Million in 8 States to Strengthen University-based Economic Growth Initiatives

Universities in KY, TN, NC, FL, SC, MS, AL, and GA to Receive Funding

WASHINGTON - U.S. Commerce Secretary Gary Locke today announced $1.14 million in U.S. Economic Development Administration (EDA) grants to universities in eight states to support the University Center Economic Development Program, a partnership between the federal government and academia that helps make the varied and vast resources of universities available to local communities.

"The Obama Administration strongly supports the job-creating, innovative research and development that takes place at our nation's colleges and universities," Locke said. "These EDA grants will help spur innovation and entrepreneurship and create higher-skill, living-wage jobs by helping ideas make it into the marketplace more quickly."

The University Center program provides local government and nonprofit organizations with resources to better analyze the economic needs of local communities.

The grants include:

  • $142,880 to the University of Kentucky
  • $142,880 to the University of Tennessee
  • $142,880 to Western Carolina University
  • $142,880 to the University of Florida
  • $142,880 to the University of South Carolina
  • $142,880 to Mississippi State University
  • $142,880 to Auburn University
  • $142,880 to Georgia Tech University

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.