Press Release

U.S. Department of Commerce Invests $750,000 to Create Jobs, Strengthen Economy in Southern and Central California

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

WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $750,000 grant to the University of Southern California, Los Angeles, Calif., to assist cities, counties, tribes and other public/private entities in southern and central California in developing and implementing economic development strategies and technical assistance.

"The Economic Development Administration is pleased to partner with the University of Southern California to boost business development and job growth," said Sandra R. Walters, EDA Chief Financial Officer/Chief Administrative Officer. "This EDA grant will help identify and implement economic development opportunities that will boost job creation and business development in southern and central California."

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.