Western Carolina University’s Rapid Center, a regional source for business and entrepreneurial assistance, will gain some assistance itself in the form of a U.S. Economic Development Administration grant.
An EDA University Center Economic Development Program allocation of $118,000 will support WCU’s role in advancing entrepreneurship, innovation and business expansion in Western North Carolina and is the first installment of an expected five-year grant total of $590,000.
The EDA, a bureau within the U.S. Department of Commerce made $2.7 million in such grants to 22 colleges and universities in 16 states to run programs that will leverage assets to promote a sustainable economy. “These higher education institutions will work to build the public-private partnerships that are so vital to helping America stay competitive in the 21st century,” said Secretary of Commerce Wilbur Ross.
The Rapid Center has a 15-year track record of doing just that.
Originally published October 3, 2017. Written by Geoff Cantrell.