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A bureau within the U.S. Department of Commerce


Press Release

U.S. EDA Promotes Public/Private Partnerships to Help Create Jobs in Tulsa Oklahoma Region

WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced an $800,000 grant to the Oklahoma Innovation Institute and the city of Tulsa, Okla., to establish the Tulsa Community Supercomputer, a unique supercomputer that will help to leverage public-private partnerships to enable research, attract top-tier talent, capture federal research funding, and develop the region's workforce.

"Encouraging innovation and bringing new technologies to the marketplace are critical to creating jobs and improving our nation's economic competitiveness," said U.S. Assistant Secretary of Commerce for Economic Development John Fernandez. "The Tulsa Supercomputer model will enhance the direct linkage of technology innovators, area universities, and the private sector to help boost the region's competitiveness."

"This unique, multidisciplinary research approach will facilitate technology commercialization centered around a home grown start-up business culture, and attract new, major research dollars into the region. The Tulsa Community Supercomputer is an Oklahoma Innovation Institute initiative that will immediately impact our research community and serve as a significant economic engine that will be vital to the future economic growth of Tulsa and the region," said Barry Davis, Chairman of the Board, Oklahoma Innovation Institute.

EDA promotes collaboration and supports private/public partnerships to enhance local business development and leverage private sector investments. The Oklahoma Innovation Institute is a private sector initiative comprised of three major research universities, a leading community college, philanthropic organizations, local, regional, state and national partners with the objective of leveraging common resources and facilitating collaborative efforts focused on research, entrepreneurship and job creation.

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

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.