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Groundbreaking to be held for Delta
Center for Economic Development building
May 20, 2008 --
Arkansas State University will hold a groundbreaking ceremony for the
Delta Center for Economic Development. The new center will house
for the College of Business. The ceremony will be held on Tuesday, May
27, at 6 p.m.
Update: Due to the threat of inclement weather,
the groundbreaking will be held in the parking garage, southeast corner,
lower level. The time for the groundbreaking is unchanged.
The Delta Center for Economic Development offers assistance in the areas
of regional and community economic development, professional and
workforce training, and small business assistance programs. Small
business assistance programs are offered in conjunction with the College
of Business Small Business Development Center (SBDC) and other outreach
activities of the College of Business. The new building will help the
College of Business, the Delta Center for Economic Development, and the
SBDC coordinate the economic development outreach services of the
university and provide a coordinated and comprehensive approach to
serving the businesses, governments, and citizens of Arkansas.
The new center is being funded by grants from the U.S. Department of
Commerce’s Economic Development Administration (EDA) in the amount of $
3.3 million. Additional funding for the facility is provided by ASU with
college bond funds, bringing the total project amount to $6.6 million.
Pedro Garza, regional director of the EDA’s Southwestern Region since
1996, will be an honored guest at the groundbreaking ceremony. As
southwestern regional director, Garza oversees infrastructure
development, capacity building, and economic adjustment in Arkansas,
Louisiana, New Mexico, Oklahoma, and Texas.
The EDA selects a limited number of universities within each
EDA region to designate as EDA University Centers. ASU’s Delta Center
for Economic Development serves as one of only two such university
centers in Arkansas and has been in operation since 1989. The EDA
University Center within the Delta Center addresses the economic
revitalization goals of the EDA by leveraging the resources of the
university, and its allies and partners, with particular focus on the
community development process and local capacity building.
The Delta Center
for Economic Development coordinates community and business development
outreach activity on behalf of the university. The new facility is
dedicated toward enhancing economic growth in the region. By bringing
aspects of the College of Business, the SBDC, and the staff of the Delta
Center for Economic Development together in one location, response to
the challenges of the region will be expedited. In today’s globally
competitive economic climate, “survival of the quickest” is of great
importance, providing constant and rapid response with innovative
practices. The Delta Center for Economic Development’s professional
development programs offer individuals and companies customized training
in all aspects of today’s business environment.
In addition, the Delta Center for Economic Development also coordinates
economic studies on various issues. Regional and local economic impact
analyses are available, as well as expertise in providing forecast data
for targeted areas. Distinguished faculty within the College of Business
work closely with the center’s staff to prepare such data and analyses.
Communities across the eastern Arkansas Delta must closely examine their
economic strategies to compete in today's global economy. Economic
development approaches that have worked for the past thirty years are
being replaced by more comprehensive approaches that address all aspects
of community preparedness. In the current business climate, a
well-educated and prepared workforce is as important as the minimum
requirements of land and infrastructure, as today’s businesses compete
for new investment and jobs. Communities that understand today's
holistic approach to development will be better positioned to support
existing business and attract new investment.
For more information on the Delta Center for Economic Development, call
Alan McVey, director, Delta Center for Economic Development, at (870)
972-3000, or e-mail email@example.com.
For information on the groundbreaking ceremony, call the Office of
University Development at (870) 972-3940, or e-mail