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Contact: John Atwood, 202-482-4085
Monday, March 12, 2012

U.S. Department of Commerce Invests $2.85 Million to Support Research and Commercialization-Related Job Growth in Reno, Nevada

WASHINGTON - U.S. Commerce Secretary John Bryson today announced a $2.8 million Economic Development Administration (EDA) grant to the Board of Regents of the Nevada System of Higher Education of Reno, Nevada, to build roadway infrastructure to serve the Dandini Research Park, a facility that supports research and commercialization in the areas of clean technology, advanced manufacturing, information technology, and life sciences. The investment is expected to create 900 jobs and attract $4.6 million in private investment.

"This $2.85 million EDA investment in Dandini Research Park is an example of the Obama Administration's commitment to supporting a 21st century infrastructure," Bryson said. "The grant announced today will provide additional resources that will help Nevada create hundreds of jobs and modernize a critical foundation of an economy built to last."

"The Dandini Research Park is the Reno-Tahoe region's primary venue to attract companies in the sectors of clean energy technology, environmental science, advanced computing and life science," said Senator Harry Reid (D-Nev.). "I look forward to this grant helping to spur job creation in Northern Nevada and allow collaboration with the private sector and educational institutions such as the Desert Research Institute, the University of Nevada, and Truckee Meadows Community College."

The EDA investment funds roadway infrastructure that will allow for the development of the Collaborative Core and Upper Partnership Zone of Dandini Research Park.

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.