Feds Award Idea Village $800,000 to Grow Businesses

WASHINGTON - The Idea Village of New Orleans is getting an $800,000 grant from the federal government to help grow emerging businesses in the New Orleans region, U.S. Commerce Department’s Economic Development Administration said.

The IDEA Corps program will provide technical assistance. The funds will be used to encourage industry cluster development.

“The Economic Development Administration is pleased to partner with The Idea Village to boost business development and job growth,” said Sandra R. Walters, EDA's chief financial officer and chief administrative officer. “This EDA grant will help significantly strengthen the competitive advantage of the New Orleans region by spurring cluster-based business development.”•