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Contact: Public Affairs Department, (202) 482-4085
Wednesday, September 11, 2013
WASHINGTON — U.S. Secretary of Commerce Penny Pritzker today announced that the Department’s Economic Development Administration (EDA) will award $2.7 million in investments to support critical disaster recovery and resiliency efforts in Iowa and Tennessee.
“The Obama administration is committed to helping local communities rebuild in the aftermath of a natural disaster,” said Secretary Pritzker. “The EDA grants announced today will support critical infrastructure to get Iowa and Tennessee on a faster path to economic growth and job creation.”
The $2.7 million in EDA investments announced today include:
These projects 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) (PDF), 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 improved information sharing and the leveraging of existing resources 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.