Press Release
U.S. Department of Commerce Invests $875,000 to Bolster Aerospace and Defense Cluster in Los Angeles
Contact: EDA Public Affairs Department, (202) 482-4085
September 19, 2017
WASHINGTON – The U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $875,000 grant to the University of Southern California of Los Angeles, California, for the performance of market and industry research and analysis in support of the development of a regional Aerospace and Defense cluster with an emphasis on advanced manufacturing.
“We commend the University of Southern California for working to spur economic opportunities in the Southern California region through research and evaluation,” said Deputy Assistant Secretary for Regional Affairs Dennis Alvord. “The completion of this project will provide local decision makers with useful information to support sound economic development planning for the region.”
Project work activities include examination of attracting business firms and activity to the March Joint Powers Authority locations, assessment of economic opportunities at general aviation airports, and completion of a market analysis of the unmanned aerial systems. The project will support higher skills, higher wages, and employment opportunities for the region’s workforce.
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.