Press Release

U.S. Department of Commerce Invests $650,000 to Create Jobs, Strengthen Economy in Santa Teresa, New Mexico

August 21, 2009
Contact: John B. Atwood, (202) 482-4085

WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $650,000 grant to the Bi-National Sustainability Laboratory (BNSL) of Santa Teresa, N.M., to help establish a new BNSL facility in the Paso del Norte region of the U.S./Mexico border.

"The Economic Development Administration is pleased to partner with the Bi-National Sustainability Laboratory to boost business development and job growth," said Sandra R. Walters, EDA Chief Financial Officer/Chief Administrative Officer. "This EDA grant will help the BNSL support, promote, and expand technology-based economic development along the U.S./Mexico Border."

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.