Political Quotes

“In these times of economic distress and hardship we must focus our efforts to assist the more impoverished regions of our country. With this in mind, it is my pleasure to rise today to introduce, on behalf of President Bush, the Economic Development Administration Reauthorization Act of 2003. This bill will allow the Economic Development Administration, commonly known as the EDA, to assist communities in the development of their local economy. Simply put, it will help to bring jobs to our cities and towns by reauthorizing the mission of the EDA, while focusing the Administration's efforts on localized economic growth. EDA was established under the Public Works and Economic Development Act of 1965. Throughout the near forty years of its existence, EDA has helped to generate employment, retain existing jobs, and stimulate industrial and commercial growth in rural and urban areas of the nation that experience high unemployment, low income or other severe economic distress. EDA has consistently been guided by the basic principle that 'distressed communities must be empowered to develop and implement their own economic development and revitalization strategies'.”