09.24.14

Durbin Announces $50,000 Investment in Northeastern Illinois Communities To Help Create Jobs and Boost Economic Development

[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 a $50,000 in Manufacturing Asset Map Planning funding to the Institute for Work and the Economy – located in Chicago, Illinois – to help create jobs and boost economic development in northeastern Illinois.

“Today’s funding will help northeastern Illinois’ manufacturing cluster create and implement a plan for continued economic growth – one that leverages new investment to promote small businesses and create jobs in the community,” said Durbin. 

The Institute for Work and the Economy will use today’s funding to establish an asset mapping and website of manufacturing resources and businesses to help collaborate manufacturing efforts in the hopes of spurring local job creation and innovation. 

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.