Cornell Gets Major EDA Grant

Cornell University received a $2.8 million grant from the U.S. Department of Commerce for site preparation and construction of the first building in the 74-acre park next to the New York Agricultural Experiment Station.

This is a major grant for the EDA (Economic Development Administration) and demonstrates the federal government's confidence in the soundness of the park concept," said Cornell officials. "There is much more work to be done, but the board of directors, city and county officials and the state and federal governments have forged the partnership that has enabled us to get to the point where the park is not just a vision."

Cornell has pursued this project since 1995, but it became a reality in 2001 with an EDA investment of $450,000.

Source.