Van Hollen, Cardin Announce Nearly $120,000 for Economic Development
U.S. Senators Chris Van Hollen and Ben Cardin(both D-Md.) have announced that the Economic Development Administration (EDA) has awarded $116,667 to the University of Maryland and Morgan State University Joint Center for Economic Development. The Center specializes in utilizing University of Maryland and Morgan State University resources to research economic development strategies, help local businesses grow, assist community leaders revitalize local neighborhoods and provide job training for local residents.
"Economic development programs, like the Joint Center at Morgan State and the University of Maryland, are crucial to helping people improve their skills and get good paying jobs. These programs also advise local businesses and provide a variety of services to help them thrive in our changing economy,"said Senator Van Hollen, a member of the Senate Appropriations Committee."This investment will continue these essential services and in turn boost the Maryland economy."
"These funds are a federal investment in Maryland's growing economy. The University of Maryland and Morgan State University have been doing incredible work helping to revive and grow communities that need assistance. I'm proud to be a federal partner for them in that effort," said Senator Cardin, a member of the Senate Finance Committee. "Their past work to assist the City of Baltimore and the community surrounding Morgan State University represents precisely the type of economic development investments we need to be making across the whole state to bring added stability to Maryland families."
The EDA awards federal funds to spur job growth and economic advancement across the United States. Emphasizing regional collaboration and innovation, the EDA's mission is to help local economies adopt new approaches to job growth and adapt to changing economic conditions.
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