McNeese nabs $3.9 million for business incubator

McNeese State University is getting a $3.9 million federal grant to help build a business incubator. U.S. Commerce Secretary Gary Locke this week announced a $3.9 million Economic Development Administration grant to the Lake Charles campus to help build the Southwest Louisiana Entrepreneurial Economic Development Center, a business incubator and business support services facility. The project is expected to create 302 jobs, according to grantee estimates. “The Obama Administration is committed to creating jobs, encouraging innovation and improving our nation’s economic competitiveness,” Locke says. “We can’t rest until every American who wants a job can find one. This grant will create jobs and enhance Southwest Louisiana’s regional competitiveness by building a facility that will provide a variety of services and assistance to new entrepreneurs and start-up companies.” The Department of Commerce is a voice for Main Street businesses that works to grow local economies by fostering innovation and opening markets to U.S. products and services. EDA is an agency within the U.S. Department of Commerce that partners with distressed communities throughout the United States to foster economic growth and job creation. Its mission is to lead the federal economic development agenda by promoting innovation and competitiveness and preparing American regions for growth and success in the global economy. For more information, click here.