FSU Receives $643,000 Grant From the Economic Development Administration
Fayetteville State University (FSU) was recently awarded a five-year, $643,000 grant from the U.S. Economic Development Administration (EDA). The funds will be used to establish a University Center to advance EDA’s mission to promote U.S. innovation and competitiveness in the global economy. The primary focus of the center will be to accelerate business expansion by proactively linking existing firms with the knowledge, resources, and technical assistance that will enable them to effectively introduce new products, win new contracts, improve efficiency, and create high-paying jobs in the defense, energy, and agriculture industries.
“One of Fayetteville State University’s strategic initiatives is economic transformation for this region,” said Dr. Daryush Ila, Associate Vice Chancellor for Research. “This grant will provide needed assistance with establishing a center that will create businesses and employment opportunities for citizens in our state.”
Key project personnel that were instrumental in securing the grant were Dr. Pamela Jackson and Greg McElveen from the School of Business and Economics and Emily Dickens, Director of Government and Community Affairs.
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.
FSU is the second-oldest public institution in North Carolina. A member of the University of North Carolina System, FSU has nearly 6,000 students and offers degrees in more than 60 undergraduate and graduate degree programs.
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