WASHINGTON - U.S. Senator Mary L. Landrieu, D-La., today announced that the Economic Development Administration (EDA) awarded a $127,009 investment award to the South Central Planning and Development Commission in Terrebonne, La. This award will help to establish an economic development framework that will expand and support private capital investment and job creation in Acadia, Evangeline, Iberia, Lafayette, St. Landry, St. Martin, St. Mary and Vermillion parishes. This EDA investment award will cover 80 percent of the total cost of development.
"Louisiana's bayou region has become a bustling economic center boasting rapid economic growth in recent years. This investment will create a solid foundation for the South Central Planning and Development Commission to expand their work to Acadiana parishes, allowing them to create local jobs and grow small businesses already in our local communities," said Sen. Landrieu.
"We would like to thank Sen. Landrieu for continuing to show her support for this ongoing initiative. This award will provide funding for developing a cohesive and collaborative plan to guide the Region 4 Planning District in Louisiana over the next ten years. This grant will also provide an opportunity to evaluate the interactions between Districts 3 & 4. Again we are extremely thankful and excited for this opportunity to make the two Districts much more resilient," said Kevin Belanger, Executive Director of the South Central Planning and Development Commission.
The U.S. Economic Development Administration's planning investment supports the development and implementation of a comprehensive economic development strategy (CEDS) for the Acadiana region as the South Central Planning and Development Commission expands its economic development district from Terrebonne to the Acadiana region. The CEDS process is designed to bring together the public and private sectors in the creation of an economic development roadmap to diversify and strengthen the regional economy.
Read this original document at: http://www.landrieu.senate.gov/?p=press_release&id=4644