Shore to get funds
U.S. Sens. Ben Cardin and Chris Van Hollen have announced that the Economic Development Administration will award $140,000 to the Eastern Shore for the development and implementation of a comprehensive economic development strategy.
EASTON — U.S. Sens. Ben Cardin and Chris Van Hollen, both D-Md., have announced that the Economic Development Administration (EDA) will award $140,000 to the Eastern Shore for the development and implementation of a comprehensive economic development strategy.
The Mid-Shore will get $70,000 of that award.
“This federal investment in the Eastern Shore’s economy will facilitate public-private collaboration and new partnerships to create wellpaying, local jobs for residents. These are precisely the types of investments we need to be making across the state to grow our economy and bring added stability to Maryland families,” said Cardin, a member of the Senate Finance Committee. “I am committed to seeing that the Eastern Shore — and every corner of Maryland— continues to receive the resources it needs to flourish.”
The $70,000 will be funneled through the MidShore Regional Council, benefitting Caroline, Dorchester and Talbot counties. A plan will be geared toward bringing together public and private organizations to create new job opportunities and strengthen the regional economy, according to the senators’ offices.
“This investment will allow the MSRC to continue its collaborative work with the public and private sector to assist in developing infrastructure and programs that support job creation and retention in Caroline, Dorchester and Talbot counties,” said Scott Warner, Mid-Shore Regional Council executive director.
Warner said an identical financial investment received last year in the comprehensive economic development strategy process resulted in 15 initiatives throughout the three-county region, generating $1.3 million in private sector investment, $457,000 in public sector investment, and the creation and retention of 161 jobs.
“The strength of Maryland’s economy depends upon the success of all parts of our state, so this funding is great news for communities on the Eastern Shore and beyond,” said Van Hollen, member of the Senate Appropriations Committee. “I look forward to the innovative ways this program will leverage the private and public sectors to create more jobs and economic opportunity for Marylanders, and I will continue to fight for investments like these that create economic opportunity in our communities.”
The EDA awards federal funds to spur job growth and economic advancement across the United States. Emphasizing regional collaboration and innovation, the EDA helps local economies adopt new approaches to job growth and adapt to changing economic conditions.
“The MSRC thanks the federal delegation for its continued support of this regional economic development planning process, and looks forward to furthering the economic growth of the Mid-Shore,” Warner said.
Members and partners of the Mid-Shore Regional Council are pictured during a Mid-Shore resourced-based industries tour.