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Contact: Public Affairs Department, (202) 482-4085
Wednesday, September 12, 2012
WASHINGTON - Acting U.S. Commerce Secretary Rebecca Blank today announced three Economic Development Administration (EDA) grants totaling $1 million to help New York, Pennsylvania, and Vermont, develop statewide, long-term economic recovery strategies that will guide them as they work to create economic opportunity and jobs in the wake of recent natural disasters, including Hurricane Irene and Tropical Storm Lee.
"These Economic Development Administration investments in New York, Pennsylvania, and Vermont, totaling $1 million, are great examples of the Obama administration's commitment to helping communities that have been impacted by natural disasters rebuild and recover," said Acting U.S. Commerce Secretary Rebecca Blank. "The grants announced today will help create economic recovery strategies that are a crucial part of supporting statewide economic growth and job creation."
The investments announced today include:
The projects announced today are part of a $200 million appropriation made by Congress to EDA to help communities that received a major disaster designation in fiscal year 2011 with long-term economic recovery and infrastructure support.
Within the context of the administration's National Disaster Recovery Framework (NDRF), EDA serves as the Coordinating Agency on behalf of the Department of Commerce for the Economic Recovery Support Function (RSF) to coordinate the activities of a diverse group of partner agencies supporting recovery in disaster-impacted communities. The activities consist primarily of leveraging existing resources and authorities to make a positive impact for communities affected by disasters.
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.