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Press Releases

Contact: Public Affairs Department, (202) 482-4085
Thursday, September 12, 2013

U.S. Economic Development Administration Invests $200,000 to Help Build Business Incubator in Leland, North Carolina

WASHINGTON — The U.S. Commerce Department’s Economic Development Administration (EDA) today announced a $200,000 grant to Brunswick Community College of Bolivia, North Carolina, to help build a business incubator at Leland Industrial Park in Leland. The project is expected to create 245 jobs and generate $6.7 million in private investment, according to grantee estimates.

“The Obama administration is committed to helping communities affected by natural disasters rebuild and expand economic opportunity,” said U.S. Deputy Assistant Secretary of Commerce for Economic Development Matt Erskine. “The EDA grant announced today will support Brunswick County’s efforts to spur job creation by fostering the growth of innovative, new businesses.”

The EDA grant will fund rehabilitation of existing space and build new facilities to provide local entrepreneurs and high-growth businesses with quality work space and business services. By supporting economic diversification, the incubator will also help spur the creation of new high-skill, high-wage jobs in a region that has experienced job losses due in part to damage from Hurricane Irene in 2011, for which Brunswick County was declared a federal disaster area.

The project is 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.