Staten Island Receives U.S. EDA Support to Promote Green Growth
April 22, 2011
Contact: John Atwood, (202) 482-4085
WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $120,000 grant to the Staten Island Economic Development Corporation (SIEDC) on Staten Island, N.Y., to develop a feasibility study to establish a "Green Zone" to promote and attract clean and green businesses on Staten Island. The EDA grant is through the Agency's Global Climate Change Mitigation Incentive Fund.
"President Obama is committed to growing our nation's green economy to advance our global competitiveness," said U.S. Assistant Secretary of Commerce for Economic Development John R. Fernandez. "This EDA grant will help foster the green economy within the West Shore area of Staten Island to plan for and develop business and employment opportunities within the emerging green economy."
"The EDA grant will assist Staten Island in developing a document that will lay the foundation for the establishment of a "Green Zone" in an underutilized area, for the purpose of inducing "green" companies to locate within this strategic market and promote new investments in sustainable technologies," said SIEDC President Cesar J. Claro.
This project is funded through EDA's Global Climate Change Mitigation Incentive Fund, which is intended to foster the green economy by promoting economic competitiveness while enhancing environmental quality. The EDA-funded Green Zone Plan will determine potential industries/markets to target, identify investments necessary to attract green businesses, and specify clusters to grow and expand the regional Staten Island economy.
About the U.S. Economic Development Administration:
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation's regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA makes investments in economically distressed communities in order to create jobs for U.S. workers, promote American innovation and accelerate long-term sustainable economic growth.