Sen. Hutchison announces Economic Development Investment Award for Lubbock Region - KCBD NewsChannel 11 Lubbock

3/5/09

Sen. Hutchison announces Economic Development Investment Award for Lubbock Region

WASHINGTON, D.C. - U.S. Senator Kay Bailey Hutchison (R-TX), Texas' senior Senator, today announced that the U.S. Department of Commerce, through the Economic Development Administration, has awarded the South Plains Economic Development District with an Economic Development Investment Award worth $150,000 for the development and implementation of comprehensive economic development strategies (CEDS).

"As we continue to experience economic difficulties, this comprehensive economic development strategy will boost job creation and investment in West Texas by pooling together private and public resources," said Sen. Hutchison.

The EDA serves as a venture capital resource to meet the economic development needs of distressed communities throughout the United States. EDA's mission is to lead the federal economic development agenda by promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy.  This planning investment will support these initiatives in the region served by the South Plains Economic Development District, which comprises Bailey, Cochran, Dickens, Floyd, Garza, Hale, Hockley, Lamb, Lynn, Motley, and Terry counties.

Source: Office of Senator Kay Bailey Hutchison

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