U.S. EDA Funding to Support Pandemic Response, Economic Recovery
Hagåtña, Guam – The Leon Guerrero-Tenorio Administration has been awarded a $1,000,000 federal grant from the U.S. Economic Development Administration (EDA) to support the island’s healthcare response efforts and economic recovery relative to the COVID-19 pandemic. As prioritized by Governor Lou Leon Guerrero, these funds will be used to produce the Guam Agriculture Master Plan ($375,000), a Study for Development of Additive Manufacturing on Guam ($300,000), a Feasibility Study for the Development of Transshipment Industry on Guam ($250,000), and the development of an Economic Impact Model ($75,000).
The U.S. EDA partners with communities throughout the nation to foster job creation, collaboration and regional innovation. EDA grants help to fulfill regional economic development strategies designed to accelerate innovation and entrepreneurship, advance regional competitiveness, create higher-skill, living-wage jobs, generate private investment, and fortify and grow industry clusters.
“After beating our third surge and as we continue revitalizing our economy, we are confident that this additional funding will further support the overall vision we have planned for our people through Investment Para Hamyo,” said Acting Governor Josh Tenorio. “Our administration is encouraged that our federal partners continue to support our healthcare response and economic recovery efforts, and we look forward to maximizing all supplemental resources we receive for the robust comeback of our island and people.”