UOG AWARDED $50,000 IN STIMULUS FUNDS FOR SMALL BUSINESS TECHNICAL ASSISTANCE
Congresswoman Madeleine Z. Bordallo announced that the U.S. Department of Agriculture (USDA) has awarded the University of Guam $50,000 in federal financial assistance through the agency’s Rural Business Enterprise Grants Program. The funding awarded today to the University of Guam is part of the American Recovery and Reinvestment Act. President Barack Obama signed this bill into law on February 17, 2009, and Guam has since received over $168 million in financial assistance through the American Recovery and Reinvestment Act.
“The funding received today from the USDA will allow the University of Guam to provide technical assistance to small business owners through its Small Business Development Center,” Congresswoman Madeleine Z. Bordallo said. “The UOG will be able to continue its training of business counselors and entrepreneurs in financial literacy, strategic business planning, communication, and professional development through this Recovery Act funding. I thank Dr. Underwood for his work in securing these funds, and I look forward to the American Recovery and Reinvestment Act continuing to benefit our island.”
University of Guam President Dr. Robert Underwood stated, “This grant will help small businesses take advantage of new opportunities and cultivate the next generation of entrepreneurs. The University continues to be of service to the island’s economy.”
Ref: 1/22/10 Hse. of Rep. Cong. Bordallo
Posted: January 22nd, 2010 under American Recovery and Reinvestment Act, Federal Agency Announcments, Grant Award Announcements, Grant Funded Activities.
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