Press Release

U.S. Department of Commerce Invests $750,000 to Create Jobs, Strengthen Economy in New Orleans, Louisiana

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

WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $750,000 grant to the Greater New Orleans Development Foundation (GNO) of New Orleans, La., to help develop and implement a regional marketing strategy to link post-hurricane economic priorities with targeted growth and investment opportunities.

"The Economic Development Administration is pleased to partner with GNO to boost business development and job growth," said Sandra R. Walters, EDA Chief Financial Officer/Chief Administrative Officer. "This EDA grant will help establish long-term, innovative industry clusters in the Greater New Orleans region."

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.