U.S. Department of Commerce Invests $600,000 to Boost Entrepreneurial Development Efforts in Southern Dallas
Contact: EDA Public Affairs Department, (202) 482-4085
September 11, 2017
WASHINGTON – The U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $600,000 grant to the Dallas Entrepreneur Center of Dallas, Texas, to provide technical assistance to businesses in South Dallas through the creation of three new entrepreneurial centers. According to grantee estimates, the project is expected to create 250 jobs and spur $1.25 million in private investment.
“We commend the Dallas Entrepreneur Center on their strategy to support local entrepreneurs as they scale their businesses,” said Deputy Assistant Secretary for Regional Affairs Dennis Alvord. “This project will help small businesses expand to boost the Southern Dallas economy.”
This project will provide technical assistance to entrepreneurs and small businesses in Southern Dallas by establishing three new entrepreneurial centers in distressed area of the city. The new centers will assist entrepreneurs, startup companies and small businesses grow and expand. This project was made possible by the regional planning efforts led by the North Central Texas Council of Governments to bring together the public and private sectors to create an economic development roadmap to strengthen the regional economy, support private capital investment and create jobs.
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.