U.S. Economic Development Administration Invests $755,000 to Support Development of USD Discovery District
Contact: EDA Public Affairs Department, (202) 482-4085
August 9, 2016
WASHINGTON – The U.S. Department of Commerce’s Economic Development Administration (EDA) today announced it will award a $755,000 grant to USD Research Park, Inc., of Sioux Falls, S.D., to provide infrastructure to support Phase I development of the USD Discovery District.
“The Economic Development Administration is committed to providing American entrepreneurs with the tools they need to grow and thrive,” said Jay Williams, U.S. Assistant Secretary of Commerce for Economic Development. “The EDA grant announced today will help to establish the USD Discovery District, which will help to boost the region’s bioscience research industry cluster.”
USD Research Park, Inc. d/b/a USD Discovery District is an 80 acre corporate and academic research park under development in northwestern Sioux Falls. When fully developed, an estimated 2,800 employees will work in the District. The District's goal is to provide access to research facilities and infrastructure for research business development, which will create new jobs.
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. To learn more about EDA, visit www.eda.gov.