Towson University redesignated an EDA University Center by U.S. Commerce Department
TU will use $300K in grants to provide economic development services in western Maryland and Baltimore City
TOWSON, Md. (Sept. 2, 2008)—For a second consecutive competitive cycle, the U.S. Department of Commerce’s Economic Development Administration has designated Towson University an EDA University Center and has awarded TU grants totaling $300,000 for the next three years.
“Redesignation as a University EDA Center advances Towson University’s role as Maryland’s work force engine,” said TU president Robert L. Caret, “particularly in support of economic and business development in Baltimore and western Maryland.”
TU’s designation as an EDA University Center enables it to enhance economic and business development in the city of Baltimore and in western Maryland by providing local government agencies and businesses with research, business consulting, economic strategies and technical assistance. TU has identified Frostburg State University as a key partner in executing the EDA University Center grant in western Maryland.
“This grant represents an opportunity for Towson University and Frostburg State University to leverage their expertise collaboratively in addressing some of the pressing economic development issues facing western Maryland,” said Daraius Irani, associate vice president for economic and community outreach.
TU used funds disbursed through its 2005 EDA University Center grant on two major projects. By studying western Maryland’s labor pool, TU inventoried the skills of the region’s work force and produced a report on its commuting patterns. TU assisted Baltimore city officials with developing a comprehensive economic development strategy, resulting in a citywide blueprint to enhance economic development.