Hoeven Announces $100,000 EDA Investment in NDSU Economic Development Program

WASHINGTON – Senator John Hoeven, who serves on the U.S. Senate Appropriations Committee, today announced that the U.S. Economic Development Administration (EDA) has invested $100,000 into the University Center Economic Development Program at the North Dakota State University (NDSU) Research and Technology Park. The investment funds the third year of the five-year program. 

“NDSU’s Research and Technology Park is an economic engine and ongoing source of innovation,” Hoeven said. “The program helps spur new projects and promote entrepreneurship by providing technical assistance and research and development tools. Today’s investment by the EDA will ensure that the program has the funds it needs to help increase long-term competitiveness and economic diversification in the Fargo area.”

The EDA funds were made available through the EDA’s University Center program.