09.17.14

Durbin Announces $136,000 Grant For University of Illinois and Parkland College To Help Boost Economic Development in Champaign, Illinois

[WASHINGTON, D.C.] – U.S. Senator Dick Durbin (D-IL) today announced that the U.S. Department of Commerce’s (DOC) Economic Development Administration (EDA) has awarded $136,625 in funding to the University of Illinois and Parkland College in Champaign, Illinois to help communities overcome economic development challenges through applied research and technical assistance.

“Today’s funding will support U of I and Parkland College as they research and develop innovative ways to sustain economic growth and maintain regional competitiveness in Champaign,” Durbin said.
 

Today’s funding is an investment in the University Center Economic Development Program at the University of Illinois and Parkland College, which provides technical assistance, research, and development tools to increase productivity, spur innovation and promote entrepreneurship in the hopes of increasing economic competitiveness.

EDA is an agency within the U.S. Commerce Department and supports the economic development needs of distressed communities throughout the United States.  Its mission is to lead the federal economic development agenda by promoting innovation and competitiveness and preparing American regions for growth and success in the worldwide economy.