U.S. Economic Development Administration Applauds President Obama for Making Tough Choices & Smart Investments in FY 2012 Budget Proposal
Budget Invests $40 Million in EDA to Strengthen Economic 'Growth Zones' in America's Regions
WASHINGTON, DC (MMD Newswire) February 14, 2011 -- The U.S. Economic Development Administration (EDA) today applauds President Obama's fiscal year (FY) 2012 Budget proposal for investing in what makes America stronger and cutting what we cannot afford. The President's proposal invests $40 million in EDA to develop a new Regional Innovation Program targeting 'Growth Zones' to foster collaboration across the federal government to build regional innovation clusters based upon the inherent strengths of local communities. EDA is the only agency in the federal government with the exclusive mission to help create and retain jobs and leverage private investment in the nation's regions.
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