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(l-r) Downtown Statesboro Development AuthorityChairman Frank D'Archangelo, Business Innovation Group Director Dominique Halaby, Georgia Southern President Kyle Marrero, Acting Assistant Secretary for Legislative and Intergovernmental Affairs Anthony Foti, Statesboro Mayor Jonathan McCollar and Economic Development Administration Office of External Affairs and Communications Director Joel Frushone U.S. Secretary of Commerce Wilbur Ross announced that the Department's Economic Development Administration (EDA) is awarding a $2 million grant to the Downtown Statesboro Development Authority (DSDA) so Georgia Southern University can continue boosting business growth and resiliency efforts by expanding the City Center Business Incubator in downtown Statesboro. The EDA grant will be matched with $500,000 in funding from the City of Statesboro and is expected to create 300 jobs and generate $40 million in private investment. "Hurricane Irma severely impacted Statesboro and B
AllOnGeorgia
U.S. Dept of Commerce invests $2 million to expand business incubator in Statesboro Opportunity Zone
The funding announced is available under Trump’s Tax Cuts and Jobs Act of 2017 for ‘spurring economic development in economically distressed communities nationwide.’
December 11, 2020
U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Downtown Statesboro Development Authority (DSDA) so Georgia Southern University can continue boosting business growth and resiliency efforts by expanding the City Center Business Incubator in downtown Statesboro.
The EDA grant will be matched with $500,000 in funding from the City of Statesboro and is expected to create 300 jobs and generate $40 million in private investment.