Feds Send $300,000 to Texas Tech for Entrepreneurship

The U.S. Economic Development Administration announced a $300,000 grant last week to Texas Tech University.
LUBBOCK, TX -- The U.S. Economic Development Administration announced a $300,000 grant last week to Texas Tech University. It was part of a larger $2.4 million announcement of grants to support economic development projects in three states.

The EDA said in a written statement that the Texas Tech grant was to “build on the South Plains region’s capability in wind and other renewable energy sources that increase innovation and entrepreneurship.” The idea is for TTU students to provide hands-on analysis of new technology that could become profitable.

The written statement said, “EDA makes investments in economically distressed communities in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.”
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