Press Release

U.S. Economic Development Administration Invests Nearly $180,000 to Support Training Efforts to Increase Exports from Colorado

Contact: Public Affairs Department, (202) 482-4085
Tuesday, July 8, 2014

WASHINGTON - The U.S. Commerce Department’s Economic Development Administration (EDA) today announced a $177,643 grant to the Rocky Mountain World Trade Center Institute (RMWTCI) of Denver, Colorado, to expand export training and access to businesses in economically distressed areas of Colorado to help increase export opportunities and expand job potential. The grantee estimates that the project will create 109 jobs and build a powerful network of exporters, mentors, and resources for participants.

“Increasing exports is a key objective for the President’s Administration and is an area of focus for the Department of Commerce and EDA,” said Assistant Secretary of Commerce for Economic Development Jay Williams. “The EDA investment announced today will assist Colorado with efforts to be more globally competitive, ultimately creating more jobs for the people of both states.”

EDA’s investment will enable RMWTCI to convert trainings currently offered in person in Denver to an online format, making them available throughout Colorado and Wyoming. The courses are designed to offer participants thorough knowledge of best practices of exporting, proper documentation and steps needed to ensure compliance with government regulations, international sales, and the benefits and reach of social media for specific international business markets.

About the U.S. Economic Development Administration (www.eda.gov)
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation's regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA makes investments in economically distressed communities in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.