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SBA Awards Contracts to Help Foster Business Clusters

September 22, 2010/

The U.S. Small Business Administration awarded $6 million in contracts to 10 regional economic development groups under a pilot initiative designed to foster business clusters nationwide.

The groups are to receive $600,000 each, which would be used help facilitate growth among companies within a common sector. Most of the funds have been issued to the entities.

By DARRELL A. HUGHES

Full Story: http://online.wsj.com/article/SB10001424052748703989304575504361017608500.html?mod=WSJ_hpp_sections_smallbusiness

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