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EDA Invests $1 Million to Oklahoma State University to Assist Oklahoma Manufacturers
Wed, 28 Oct 2020 11:47:02 CDT
FOR IMMEDIATE RELEASE
Wednesday, October 28, 2020 MEDIA CONTACT
Patrick Bond, (202) 674-8762
EDA Invests $1 Million to Oklahoma State University to Assist Oklahoma Manufacturers
Cheyenne, OK Today, Congressman Frank Lucas (OK-03) released the following statement after U.S. Secretary of Commerce Wilbur Ross announced that the Department's Economic Development Administration (EDA) is awarding a $1 million CARES Act Recovery Assistance grant to Oklahoma State University, Stillwater, Oklahoma, to assist Oklahoma manufacturers in Northeast and Central Oklahoma respond to the coronavirus pandemic:
"The Commerce Department and EDA's investment comes at a crucial time as Oklahoma and its businesses recover from the coronavirus pandemic. Oklahoma State University has a long history of partnering with regional manufacturers, providing assistance to growing businesses and insights to shifts in industries," said Congressman Lucas. "I'm extremely proud of the work Oklahoma State University has done to help assist local manufacturers and job creators across Northeast and Central Oklahoma. Thanks to OSU's efforts and the EDA's investment, Oklahoma will soon have an additional 500 jobs added to our growing economy."
The EDA grant will be matched with $485,000 in local funds and is expected to create 500 jobs.
"President Trump is working diligently every day to support our nation's economy following the impacts of COVID-19 through the CARES Act," said Secretary of Commerce Wilbur Ross. "This EDA investment will create a stronger and more resilient economy in Northeast and Central Oklahoma by creating important, new manufacturing opportunities."
"This investment comes at a crucial time to help Oklahoma's economy come roaring back,"said Dana Gartzke, Performing the Delegated Duties of the Assistant Secretary of Commerce for Economic Development. "The technical assistance to be provided by Oklahoma State University to regional manufactures will address workforce health and safety, shift to new markets, and support other recovery efforts."
"As Oklahoma recovers from the coronavirus pandemic, the Trump administration continues to make our state a priority," said Senator Jim Inhofe. "I am pleased that Oklahoma State University will receive a $1 million CARES Act Recovery Assistance grant to help Oklahoma manufacturers in Northeast and Central Oklahoma respond to the effects of the coronavirus. These funds will be used to provide technical assistance and best practices to assist our local manufactures and job creators access new markets. This funding will be matched with more than $400,000 in local funds and create 500 jobs in the region. This is fantastic news."
The CARES Act, signed into law by President Donald J. Trump, provides EDA with $1.5 billion for economic development assistance programs to help communities prevent, prepare for, and respond to the coronavirus pandemic.
EDA CARES Act Recovery Assistance, which is being administered under the authority of the bureau's flexible Economic Adjustment Assistance (EAA) (PDF) program, provides a wide-range of financial assistance to eligible communities and regions as they respond to and recover from the impacts of the coronavirus pandemic. For complete information, please visit our recently updated EDA CARES Act Recovery Assistance page.
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