Washington, DC (MMD Newswire) April 1, 2011 -- The U.S. Commerce Department's Economic Development Administration (EDA) today announced its FY 2011 University Center Economic Development Program competition to promote bottom-up regional strategies that help foster business expansion and job creation in EDA's Chicago and Philadelphia regions. Applicant submissions should seek to create and nurture regional economic ecosystems through applied research and development, technology commercialization, and targeted activities that cultivate entrepreneurship.
"Investing in regional innovation clusters represent a proven, cost-effective strategy for fostering sustainable growth and University Centers are important partners in this approach to advance the innovation economy and increase competitiveness," said U.S. Assistant Secretary of Commerce for Economic Development John Fernandez. "This year's competition seeks to expand the capacity of the centers to help build ecosystems where the private sector can flourish and create the connective tissue that will bind together vibrant regional economies."
To read the full, original article click on this link: U.S. EDA Announces University Center Competition to Promote Regional Growth
