Press Release

U.S. Department of Commerce Invests $24,000 to Create Jobs, Strengthen Economy in Waveland, Mississippi

July 13, 2009
Contact: Bryan Borlik, (202) 482-4085

WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $24,000 grant to the city of Waveland, Miss., to develop a feasibility study on establishing a business incubator in the city.

"The Economic Development Administration is pleased to partner with Waveland to boost business development opportunities and job growth," said Sandra R. Walters, EDA Chief Financial Officer/Chief Administrative Officer. "This EDA grant will help determine the viability of building a business incubator facility that would nurture technology and engineering-based businesses and help Waveland capitalize on its proximity to NASA's John C. Stennis Space Center."

EDA is an agency within the U.S. Commerce Department and 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