The Economic Development Administration (EDA) has awarded an $85,000 annual grant to expand the Harrison College of Business Center for Economic and Business Research.
CAPE GIRARDEAU, Mo.,
Aug. 8, 2007 – The Missouri Research Corporation received notification today that the U.S. Department of Commerce – Economic Development Administration (EDA) has awarded an $85,000 annual grant, renewable for three years, to expand the Harrison College of Business Center for Economic and Business Research. The grant designates Southeast Missouri State University as an EDA “University Center.”
EDA’s mission is to promote innovation and competitiveness, preparing American regions for growth and success in the worldwide economy. EDA implements this mission by making strategic investments in the nation’s most economically distressed communities. Two of the principles EDA embraces are entrepreneurship and innovation, both of which are embodied by the Southeast Innovation Center. The Innovation Center partnered with the Harrison College of Business to write the proposal.
“When we focus on economics, we learn to prioritize decisions and make rational choices,” said Dennis Roedemeier, chief executive officer of Missouri Research Corporation that oversees the Innovation Center. “Simply creating a job does not speak to creating a life. This region should focus on improving per capita income as well as job creation. This grant gives us an important tool for doing just that.”
The Innovation Center plans to use the grant funding to host a series of training sessions for local economic developers and community leaders. This addition will complement their very successful Jump-Start entrepreneurial training for the region.
The Center for Economic and Business Research has existed on campus for many years. This grant will allow the existing center to expand its services and reach out to more communities in the region.
Dr. Gerald McDougall, dean of the Harrison College of Business, helped plan the expansion and was delighted to hear the announcement.
“Being awarded this competitive grant by EDA validates the contributions the Center for Economic and Business Research (CEBR) has made to better understanding and improving the business and economic environment of Southeast Missouri,” he said. “Because of this investment by EDA, the CEBR and the faculty of the Harrison College of Business will be able to leverage their abilities to help our rural communities develop strategies to grow their local economies. By supporting local needs assessments, community profiles, research about our rural communities, scenario planning case studies, economic impact studies, GIS studies, training, workshops, and conferences to share information, the Harrison College of Business will be able to extend the application of its expertise to the issues and challenges affecting Southeast Missouri.”
Dr. Bruce Domazlicky will continue as director of the Center. The grant will allow him to hire a part-time associate to help administer the expanded services.
“I am excited to have this opportunity to expand the activities of the Center for Economic and Business Research and enhance our service to the region,” Domazlicky said. “This grant will allow us to further promote economic development in Southeast Missouri.”