Press Release

U.S. Department of Commerce Invests $440,885 to Create Jobs, Strengthen Economy in Prescott, Arizona

September 18, 2009
Contact: Bryan Borlik, (202) 482-4085

EDA Grant Expected to Create 180 Jobs, According to Grantee Estimates

WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced a $440,885 grant to Embry Riddle Aeronautical University in Prescott, Ariz., to help design and build the Leadership in Environment and Energy Design (LEED) Platinum level certificated Applied Technology Center.

"Economic recovery and growth are top priorities for the Obama Administration," said U.S. Assistant Secretary of Commerce for Economic Development John R. Fernandez. "This EDA grant will assist in creating new jobs and attracting private investment to the region by establishing the Applied Technology Center, which will include a business incubator, laboratories and offices as part of the Embry Riddle Business and Research Park."

EDA is an agency within the U.S. Department of Commerce that partners with distressed communities throughout the United States to foster economic growth and job creation. 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 global 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.