Education News from the Caribbean
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UVI receives $2 million tech park funding
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| Published on Saturday, September 19, 2009 | Email To Friend Print Version
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WASHINGTON, USA -- US Virgin Islands Delegate to Congress Donna Christensen has announced that the University of the Virgin Islands Research and Technology Park has received a $2 million dollar investment award from the Economic Development Administration (EDA) within the United States Department of Commerce.
“I am pleased that the University has been awarded this investment that is sure to showcase the territory and create green jobs in the process,” the Delegate said. “I congratulate the University and the Technology Park for their successful pursuit of this award.”
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| USVI Delegate to Congress Donna Christensen |
According to the Department of Commerce, this funding is to be leveraged with $5 million in private investment and expected to create 60 jobs. The EDA investment enables the University to meet the specifications for the Leadership in Energy and Environmental Design for a state-of-the-art research park.
With this project, the park hopes to provide island companies and tenants with e-commerce resources through the Global Crossings network. This project is expected to create business and job growth in sectors beyond tourism.
Funding for this project is provided by the EDA’s Global Climate Change Mitigation Incentive Fund, which intends to foster a green economy by promoting economic competitiveness while enhancing environmental quality.
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. | | | | Reads : 944 | | | |
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