''The EDA grant will help Aurora promote the redevelopment of the former Fitzsimons Army Medical Center into a commercial and industrial business hub by providing funding for the construction of a roadway to serve the area,'' says David Bearden, active assistant secretary for economic development.
The EDA works in collaboration with local governments and community groups. Its mission is to generate new jobs, help retain existing jobs, and stimulate industrial and commercial growth in economically distressed communities. EDA funds are available to both rural and urban areas experiencing high unemployment, low-income or other severe economic problems.
The grant to Aurora is funded under EDA's eonomic adjustment program, which helps states and communities develop plans to lessen the adverse impact of changes in their economic situation that either are causing, or threatening to cause, severe economic distress.
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