U.S. Department of Commerce Invests $604,405 to Support Business Recovery and Growth Through International Trade in Denver, Colorado

WASHINGTON – Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $604,405 grant to Rocky Mountain World Trade Center Institute, Denver, Colorado, to provide technical assistance, planning, and coaching for Colorado small- and medium-sized businesses to increase international sales, job creation, and job retention. This EDA grant will be matched with $604,405 in local investment.

“The Economic Development Administration plays an important role in helping communities implement their plans to provide the vital support that businesses need to be successful,” said Angela Belden Martinez, Director of EDA’s Denver Regional Office. “This investment will broaden the Rocky Mountain World Trade Center's Global Trade Activator program to help grow small and medium-sized businesses in Colorado.”

“The Rocky Mountain World Trade Center helps bring the world to Colorado, and Colorado products and services to the world. Small businesses and the jobs they support ensure Colorado thrives and as we build back it’s critical that we provide as many resources as we can to help our small and medium-sized businesses create good jobs and reach new markets and new heights,” said Governor Jared Polis. “I thank Commerce Secretary Gina Raimondo and the Biden administration as this grant will play an important part in helping Colorado build back stronger.”

“This EDA grant will give Colorado small businesses the tools they need to thrive in the global market,” said Senator John Hickenlooper. “Investing in job creation is critical, especially as businesses are still recovering from the pandemic.”

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 invests in communities and supports regional collaboration in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.