Press Release

U.S. EDA Invests in Entrepreneurial Development and Technology Commercialization Program in Southeastern Idaho

September 7, 2010
Contact: John Atwood, (202) 482-4085

WASHINGTON - The U.S. Commerce Department's Economic Development Administration (EDA) today announced an $189,000 grant to the Eastern Idaho Entrepreneurial Center of Rexburg, Idaho, to continue and expand the E Center model program, which provides area entrepreneurs and businesses with tools to grow their businesses, prepare for various funding opportunities, and overcome specific business challenges.

"This EDA grant will create jobs in Idaho by advancing technical assistance services available to local entrepreneurs, boosting economic development outreach activities, and cultivating venture capital investment opportunities," said U.S. Assistant Secretary of Commerce for Economic Development John Fernandez.

"The E Center's business consulting and training program is specifically tailored to encourage entrepreneurship and commercialize innovative technologies," said Amy Stokes, Assistant Managing Director, Eastern Idaho Entrepreneurial Center.

The EDA grant will continue the E Center model at two Idaho universities, expanding the model at additional institutions of higher education. The project work will be based in Rexburg, Idaho and will impact Bannock, Bear Lake, Bingham, Bonneville, Butte, Caribou, Clark, Custer, Franklin, Fremont, Jefferson, Lemhi, Madison, Oneida, Power and Teton Counties.

About the U.S. Economic Development Administration (www.eda.gov): This year, the U.S. Economic Development Administration (EDA) marks 45 years of public service, with a mission of leading the federal economic development agenda by promoting competitiveness and preparing American regions for growth and success in the worldwide economy. EDA is an agency within the U.S. Department of Commerce that partners with distressed communities throughout the United States to foster job creation, collaboration and innovation.