Press Release

U.S. Department of Commerce Invests $1.725 Million in the St. Louis County Economic Council, St. Louis, Missouri

January 28, 2009
Contact: Bryan Borlik, (202) 482-4085

The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $1.725 million investment to the St. Louis County Economic Council of St. Louis, Mo., to develop a strategic action plan for establishing a St. Louis/China commercial hub at Lambert Field.

"The Economic Development Administration is pleased to partner with the St. Louis County Economic Council to boost business development and job growth," said Sandra R. Walters, EDA Chief Financial Officer/Chief Administrative Officer. "This EDA grant will help the St. Louis region recover economically from 2008 storm damage by attracting local and foreign investment that will increase job opportunities."

EDA serves as a venture capital resource to meet the economic development needs of distressed communities throughout the United States. EDA's mission is to lead the federal economic development agenda by promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy.

Additional information on how EDA investments are helping distressed communities create a positive and sustainable economic future can be accessed at: http://www.eda.gov.