U.S. Secretary of Agriculture Tom Vilsack announced that FAMU will receive a $114,681 grant for economic development and business promotion. FAMU is one of only 15 historically black land-grant institutions chosen to participate in this $1.5M research initiative."These funds help provide entrepreneurship training and benefits to rural youth," Vilsack said. "President Obama believes our nation's economic competitiveness and the path to the American dream depend on providing every student with an education that will enable them to succeed in a global economy. Using these funds, students will learn to take advantage of existing economic development opportunities in their communities - such as renewable energy resources - as well as the vast business knowledge and connections that these schools and their faculty members have."
The grants, provided through USDA Rural Development, will help create businesses, promote cooperatives and provide jobs. The recipients are among the 18 institutions supported under the Second Morrill Act of 1890, a law providing for the establishment of land-grant institutions focusing on agriculture, home economics and the mechanic arts.
This is an area we can beef up and become leaders for the new era
ReplyDeleteYeah, but we will need a lot more than $100,000 to do it. That amount won't pay salaries for qualified individuals.
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