Press Release

U.S. Department of Commerce Invests $100,000 in Honolulu, Hawaii

March 11, 2009
Contact: Bryan Borlik, (202) 482-4085

The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $100,000 grant to the High Technology Development Corporation of Honolulu, Hawaii to organize an entrepreneur support services network that will mentor entrepreneurs across the state.

"The Economic Development Administration is pleased to partner with the High Technology Development Corporation to boost business development and job growth," said Sandra R. Walters, EDA Chief Financial Officer/Chief Administrative Officer. "This EDA grant will bring together a collaboration of Hawaii's universities, a technology enterprise network, venture capitalists and financial institutions to provide support to budding entrepreneurs in order to help them succeed and create new jobs."

EDA supports the economic development needs of distressed communities throughout the United States. Its mission is to lead the federal economic development agenda by promoting innovation and competitiveness and 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.