The following is an excerpt taken from a recent press release by the United States’ Economic Development Administration. The full press release can be viewed here

WASHINGTON – The U.S. Commerce Department’s Economic Development Administration (EDA) today announced $545,000 in grants to support disaster and community economic resiliency efforts in Colorado.

“The Obama administration is committed to helping communities impacted by natural disasters and major economic challenges respond and recover,” said U.S. Assistant Secretary of Commerce for Economic Development Jay Williams. “The EDA grants announced today for Colorado will help develop strategies to make… the Central Western region more resilient to save businesses and jobs in the event of future economic challenges.”

“We are appreciative of this opportunity provided by EDA, grateful to Senator Udall’s office for identifying the need to EDA, and thankful to the Colorado Department of Local Affairs (DOLA) as well as to Delta and Gunnison counties, who provided matching funds to make the grant possible.”

The EDA investments announced today in Colorado include:…

  • A $245,000 grant to the Region 10 League for Economic Assistance and Planning of Montrose to create a strategy that will help to improve and enhance the economic resiliency and sustainability of Delta and Gunnison counties following the recent closure of Oxbow Elk Creek coal mine. The mine closure is a regional economic emergency that is creating dire consequences for the affected counties. The adjustment strategy will provide an in-depth, data driven analysis that will prioritize action aimed at creating a more robust and diverse economy.

“Region 10 LEAP is pleased to work with EDA on this important project to better understand our economy and work to improve the economic outlook of our rural communities,” Region 10 Executive Director Michelle Haynes said. “We are appreciative of this opportunity provided by EDA, grateful to Senator Udall’s office for identifying the need to EDA, and thankful to the Colorado Department of Local Affairs (DOLA) as well as to Delta and Gunnison counties, who provided matching funds to make the grant possible.”

About the U.S. Economic Development Administration (www.eda.gov)
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation’s regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA makes investments in economically distressed communities in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.

More press coverage is also available via the following media outlets:

KVNF: http://kvnf.org/post/federal-grant-awarded-boost-western-slope-economy

KREX: http://www.krextv.com/story/delta-county-wants-to-lose-its-coal-dependence-20140826

KKCO: http://www.nbc11news.com/home/headlines/Region-10-receives-federal-funding-for-economic-recovery-efforts-272642991.html