WASHINGTON, DC - Congressman Steny H. Hoyer (MD-05), Senators Chris Van Hollen and Ben Cardin, and Congressman Elijah E. Cummings (all D-MD) announced $116,667 in federal funding for the University Center Economic Development Program at the University of Maryland and Morgan State University Joint Center for Economic Development. The funding, awarded through the U.S. Department of Commerce’s Economic Development Administration (EDA), will be used to provide the program with research tools and technical assistance so that it may continue to promote entrepreneurship in order to increase long-term competitiveness and economic diversification within the region.
“Maryland’s economic strength is rooted in successful partnerships that connect our communities, businesses, governments, and academic institutions. The University Center Economic Development Program does just that, and this funding will help ensure our local communities have access to top-notch resources at our Universities,” said the Members. “We will keep working to bring together Maryland’s many assets to support local business and grow our economy.”
The EDA awards federal funds to spur job growth and economic advancement across the United States. Emphasizing regional collaboration and innovation, the EDA helps local economies adopt new approaches to job growth and adapt to changing economic conditions. The Members have fought to protect funding for the EDA, to support programs such as this, despite the Trump Administration’s efforts to eliminate it.