June 19, 2009

CSUMB receives grant for Institute of Innovation and Economic Development

CSU Monterey Bay and the Monterey County Business Council will receive an $180,000 grant from the U.S. Department of Commerce to develop an Institute for Innovation and Economic Development.

The institute will be located on the CSU Monterey Bay campus and will bring together entrepreneurs, the business community and the university’s research capabilities. It will provide resources and training programs that will help those trying to start a business to pursue innovative ideas.

In photo at left, Diane Church of the Economic Development Administration of the U.S. Department of Commerce, CSU Monterey Bay President Dianne Harrison, Alec Arago, district director for Congressman Sam Farr, and Mary Ann Leffel, president of the Monterey County Business Council accept the grant at the sixth annual Economic Development Forum on June 18 in Monterey.