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For official information about EDA, please visit www.eda.gov Welcome to the U.S. Economic Development Administration’s official fan page on Facebook. The purpose of this page is to provide an open forum for learning and discussing EDA policies, programs and news as well as economic issues that may concern our fans.
Mission: To lead the federal economic development agenda by promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy. The U.S. Economic Development Administration's investment policy is designed to establish a foundation for sustainable job growth and the building of durable regional economies throughout the United States. This foundation builds upon two key economic drivers - innovation and regional collaboration. Innovation is key to global competitiveness, new and better jobs, a resilient economy, and the attainment of national economic goals. Regional collaboration is essential for economic recovery because regions are the centers of competition in the new global economy and those that work together to leverage resources and use their strengths to overcome weaknesses will fare better than those that do not. EDA encourages its partners around the country to develop initiatives that advance new ideas and creative approaches to address rapidly evolving economic conditions.
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In collaboration with the White House Initiative on Historically Black Colleges and Universities and the National Association of Development Organizations, join EDA's Atlanta Region for a webinar Nov. 17 @ 1 p.m. EST on Cultivating Strategic Engagement for Regional Economic Development. To register: https://bit.ly/2UcDW83
The EDA SPRINT Challenge is a $25 million national competition funded by the CARES Act. For official information on how to apply and help communities address the coronavirus pandemic through entrepreneurship and innovation, visit: https://t.co/2rdPmqARe3 Deadline is Dec. 3, 2020!
November is #NationalEntrepreneurshipMonth! Learn how our Build to Scale program builds regional economies through scalable #startups through three separate competitions. eda.gov/oie/buildtoscale #EconDev
U.S. Department of Commerce invests $3 million in CARES Act Recovery Assistance to support manufacturing expansion near Opportunity Zone in Sharp County, Arkansas: https://bit.ly/2GJN0xT
Native village of Napaimute sets sail to greater prosperity with EDA grant: https://bit.ly/36gV7e4 #Infrastructure #SuccessStory
Meramec Regional Planning Commission to use EDA CARES Act Revolving Loan Fund award to create new loan program designed to provide financing for small businesses – in particular to quickly and efficiently meet the needs of those impacted by COVID-19: https://bit.ly/2U92UF9
Meramec Regional Planning Commission was awarded a $780,000 revolving loan fund from the Economic Development AdministrationCARES Act Recovery Assistance
EDA innovation investment supports textile #manufacturing in North Carolina: https://bit.ly/3oFnUkO #SuccessStory
EDA continues to accept applications for #CARESAct Recovery Assistance to aid American communities impacted by the coronavirus pandemic. Visit eda.gov/coronavirus to learn how to apply. #AmericaWorksTogether
EDA invests $500,000 $500,000 grant to Grant County, New Mexico, to support economic recovery and expansion efforts in partnership with the Silver City Chamber of Commerce and Western New Mexico University. This EDA grant will be matched with $126,552 in local funds. https://bit.ly/3ldcjY0
EDA invests $600,00 in the city of Gallup, New Mexico, to support regional economic recovery strategies for healthcare and transportation industries. The project, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $150,000 in local funds. https://bit.ly/3p3jHrE
We are hiring a Public Affairs Specialist for our Washington, D.C. office to support EDA public affairs programs, policies and activities. Visit USAJOBS to view the complete job posting: https://bit.ly/2I5Z3Ww, https://bit.ly/32cBvqr.
U.S. Department of Commerce invests $1.9 million in the Grandview Doolin Public Service District, Proctor, West Virginia, to provide potable water service to industrial customers in Marshall County. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $1.3 million in local investment and is expected to spur $135 million in private investment. https://bit.ly/32c5Ntp
#ICYMI: EDA awarded a $399,804 grant to the Sorenson Impact Center at the University of Utah and the Utah Association of Counties to create a rural Opportunity Zone and Recovery Playbook that will support local efforts to drive capital investment into Utah communities. This EDA grant, to serve 16 Utah Tax Cuts and Jobs Act Opportunity Zone, will be matched with $150,000 in state investment to create a more equitable recovery from the coronavirus pandemic. https://bit.ly/3kXf9jO
Like rural areas around the country, Utah’s rural counties faced investment challenges years before the Covid-19 pandemic. A playbook aimed at gathering resources for a new generation of rural investment is set to play an important role in the state’s rural recovery.
EDA invests $4 million in Wabash County, Indiana, to expand the Heartland Career Center to provide adult career training in healthcare and advanced manufacturing. The EDA grant, to be located near a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $1 million in local funds and is expected to help create or retain nearly 150 jobs, and generate $600,000 in private investment. https://bit.ly/3mPOmXr
EDA awards $650,000 CARES Act Recovery Assistance grant to Community Venture Foundation, Fayetteville, Arkansas, to provide technical assistance to small businesses impacted by the coronavirus pandemic in Northwest Arkansas. The EDA grant project, to be located near a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $192,000 in local funds.https://bit.ly/2TICXMs
EDA investment in Kentucky Opportunity Zone to provide workforce training and job creation in manufacturing sector: https://bit.ly/37RW3YQ
#SuccessStory: EDA innovation investment supports textile manufacturing in North Carolina: https://bit.ly/3oFnUkO #MFGMonth20 #MadeInUSA
The EDA #SPRINTChallenge is a $25 million national competition funded by the #CARESAct. For official information on how to apply and help communities address the coronavirus pandemic through entrepreneurship and innovation, visit: eda.gov/oie/sprint
The October edition of the [email protected] newsletter is out! Read how EDA is Rebuilding, Expanding, and Diversifying the American Economy through Opportunity Zones and Manufacturing: https://bit.ly/34EbvWi #MFGMonth20
EDA encourages its economic development partners to think of Opportunity Zones as a way to encourage the public/private partnerships needed to drive private investment to distressed areas. Check out our latest projects in and around Opportunity Zones here: https://bit.ly/3e6MN48
U.S. Department of Commerce invests $3.2 million in the Town of Cortlandt, New York, to prepare a municipally-owned, 99-acre parcel of land for private development. The EDA grant, to be matched with $43.2 million in local funds, is expected to generate $17 million in private investment. https://bit.ly/3oyNxUz
We are hiring an Administrative Director for our Seattle Regional Office to serve as the principal administrative official providing overall administrative and technical oversight to staff engaged in program analysis. View the USAJOBS posting here: https://bit.ly/31SJeJX
Join the live webinar, “Building Resilience through Innovation: EDA’s SPRINT Challenge,” TODAY at 2pm EDT. This webinar will provide a strategic overview, highlight program goals and address technical application questions. Register: https://bit.ly/3miiRFg.
Dana Gartzke, Performing the Delegated Duties of the Assistant Secretary of Commerce for Economic Development, will give a welcome.
WATCH a pre-recorded webinar that gives an overview of the challenge: https://bit.ly/35r13Rl
Deadline to apply is December 3, 2020. More details: https://eda.gov/oie/sprint/
Cody, Wyoming gets “BEEFY INVESTMENT” to revitalize regional industry: https://mybighornbasin.com/cody-gets-beefy-investment-to-revitalize-regional-industry/
Mr. Anthony Foti, Performing the Delegated Duties of the Assistant Secretary for Legislative and Intergovernmental Affairs, U.S. Department of Commerce, announces a $2.2 million grant to Forward Cody Wyoming, Inc., Cody, Wyoming, to expand a facility in the North Cody Industrial Park that serves meat processors. The EDA grant, to be located near a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $553,108 in local funds and is expected to help create 50 jobs and generate $400,000 in private investment. https://bit.ly/3kzX7nB
City of Cody
Wyoming Legacy Meats
In collaboration with the White House Initiative on Historically Black Colleges and Universities and the National Association of Development Organizations, join EDA's Austin Region for a webinar Nov. 12 at 3 p.m. EST on Cultivating Strategic Engagement for Regional Economic Development. To register: https://bit.ly/2TrRADA
U.S. Department of Commerce invests $1 million in CARES Act funding in Oklahoma State University to assist Oklahoma manufacturers in responding to the coronavirus pandemic. The EDA grant will be matched with $485,000 in local funds and is expected to create 500 jobs. https://bit.ly/3mjYxTC #MFGMonth20
U.S. Department of Commerce invests $1.8 million in the town of Paradise, California, to support the development of a transportation master plan to guide the recovery and redevelopment of the town’s transportation #infrastructure. https://bit.ly/2Tsr5OA
Listen to Mr. Anthony Foti, Performing the Delegated Duties of the Assistant Secretary for Legislative and Intergovernmental Affairs, U.S. Department of Commerce on WRCO Radio discuss EDA’s investment in Richland County, Wisconsin that will support disaster resiliency and recovery efforts in the region: https://bit.ly/35Axcpvdiscuss
With today’s grant announcement in Prarie du Chien, Wisconsin, EDA has now invested more than $750 million in Opportunity Zone projects across the country since 2018. For more about EDA's work around Opportunity Zones, visit: www.eda.gov/opportunity-zones
Mr. Anthony Foti, Performing the Delegated Duties of the Assistant Secretary for Legislative and Intergovernmental Affairs, announces a $1.4 million grant to the city of Prairie du Chien, Wisconsin, to make stormwater infrastructure improvements at the North Gateway Business Park. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $357,269 in local funds and is expected to create more than 50 jobs, retain 241 jobs, and generate $3.1 million in private investment. https://bit.ly/3jn7vh9
Prarie du Chien Mayor Dave Hummer also participated in the event and congratulated the city on receiving the EDA funding.
Mr. Anthony Foti, Performing the Delegated Duties of the Assistant Secretary for Legislative and Intergovernmental Affairs, U.S. Department of Commerce announces a $328,972 grant to the county of Richland, Wisconsin, and the Southwestern Wisconsin Regional Planning Commission, Platteville, Wisconsin, to develop an economic resiliency plan that will diversify economic opportunities and reduce future flood impacts on Richland County’s economic base. The EDA grant will be matched with $82,243 in local funds. https://bit.ly/2TmwxCB
Southwestern Wisconsin Regional Planning Commission
Today Mr. Kevin Preskenis, Chief of Staff, Office of the Chief Financial Officer and Assistant Secretary for Administration, U.S. Department of Commerce announced a $2.5 million grant to the University of Arkansas Pulaski - Technical College, North Little Rock, Arkansas, to update and expand its STEM-focused facilities in support of modern workforce development in Arkansas. The EDA grant, to be located near a Tax Cuts and Jobs Act Opportunity Zone, will be matched with more than $650,000 in local investment. https://bit.ly/34nBP7h
WATCH LIVE @ 10a.m. EDT: Mr. Kevin Preskenis, Chief of Staff, Office of the Chief Financial Officer and Assistant Secretary for Administration, at event with University of Arkansas - Pulaski Technical College to discuss STEM-focused efforts and modern #workforce development in #Arkansas. https://uaptc.zoom.us/j/2268463055
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REGISTER NOW for EDA’s SPRINT Challenge informational webinar on Oct. 28 to learn more about the $25 million innovation funding opportunity for organizations responding to the coronavirus pandemic. https://bit.ly/3miiRFg.
WATCH a pre-recorded webinar that gives an overview of the challenge: https://bit.ly/35r13Rl
Deadline to apply for the SPRINT Challenge is Dec. 3, 2020. More details: https://eda.gov/oie/sprint/
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The EDA SPRINT Challenge is a $25 million national competition funded by the CARES Act. For official information on how to apply and help communities address the coronavirus pandemic through entrepreneurship and innovation, visit: https://t.co/2rdPmqARe3 Deadline is Dec. 3, 2020!
The EDA #SPRINTChallenge is a $25 million national competition funded by the #CARESAct. For official information on how to apply and help communities address the coronavirus pandemic through entrepreneurship and innovation, visit: eda.gov/oie/sprint
SUCCESS STORY! EDA investment advances locally driven strategy to establish flood-resilient business sites in Viroqua, Wisconsin. The new Viroqua Business Park is nearly complete and an agreement was finalized in August to welcome its first new business. More: https://bit.ly/3jFzIkb City of Viroqua Vernon County Government
U.S. Department of Commerce to invest $15 million in CARES Act Recovery Assistance to aid reopening of economy in Washington State: https://bit.ly/34iQKxZ
U.S. Department of Commerce invests $3.9 million in CARES Act funding to capitalize Revolving Loan Fund to help small businesses across Washington respond to the coronavirus pandemic: https://bit.ly/30iDqsB
EDA invests $6.8 million in CARES Act funding to capitalize and administer Revolving Loan Funds that will provide critical gap financing to small businesses and entrepreneurs across North Dakota that have been adversely affected by the coronavirus pandemic: https://bit.ly/32dBt1Q
U.S. Department of Commerce invests $15 million in CARES Act funding to capitalize Revolving Loan Funds to help small businesses across New Jersey respond to the coronavirus pandemic: https://bit.ly/34Uu7lq
U.S. Department of Commerce invests $7.2 million in CARES Act funding to capitalize Revolving Loan Funds to help small businesses across Louisiana respond to the coronavirus pandemic: https://bit.ly/3luBaY9
U.S. Department of Commerce invests $2.2 million in CARES Act funding to capitalize Revolving Loan Fund to help small businesses in Nebraska respond to the coronavirus pandemic: https://bit.ly/3baJ307
U.S. Department of Commerce invests $3.4 million in CARES Act funding to capitalize Revolving Loan Funds to help small businesses across Maryland respond to the coronavirus pandemic: https://bit.ly/2YQV7hW
U.S. Department of Commerce invests $4.8 million in CARES Act funding to capitalize Revolving Loan Funds to help small businesses across Missouri respond to the coronavirus pandemic: https://bit.ly/2QClTGm
U.S. Department of Commerce invests $13 million in CARES Act funding to capitalize Revolving Loan Funds to help small businesses across Maine respond to the coronavirus pandemic: https://bit.ly/3b7IUuj
U.S. Department of Commerce invests $1.9 million in CARES Act funding to capitalize Revolving Loan Fund to help small businesses in Utah respond to the coronavirus pandemic: https://bit.ly/3joxBkl
U.S. Department of Commerce invests $4.3 million in CARES Act funding to capitalize Revolving Loan Funds to help small businesses across West Virginia respond to the coronavirus pandemic: https://bit.ly/2YHOYVn
U.S. Department of Commerce awards $6 million in CARES Act funding to the Kentucky Department for Local Government, Frankfort, Kentucky, to support the efforts of Kentucky’s 15 Area Development Districts to assist communities in responding to the coronavirus pandemic: https://bit.ly/2EEIvTY
U.S. Department of Commerce invests $6.8 million in CARES Act funding to capitalize Revolving Loan Funds to help small businesses across Rhode Island respond to the coronavirus pandemic: https://bit.ly/3gvKrLD
U.S. Department of Commerce invests $11.6 million in CARES Act funding to capitalize Revolving Loan Funds to help small businesses across Kentucky respond to the coronavirus pandemic: https://bit.ly/3gAz2uj
U.S. Department of Commerce invests $1.7 million in CARES Act funding to boost economic development programs critical to helping South Dakota respond to the coronavirus pandemic: https://bit.ly/3lqIrrK
U.S. Department of Commerce invests $1.6 million in CARES Act funding to boost economic development programs critical to helping Nebraska respond to the coronavirus pandemic: https://bit.ly/3hBPYBF
U.S. Department of Commerce invests $1.6 million in CARES Act funding to boost economic development programs critical to helping North Carolina respond to the coronavirus pandemic: https://bit.ly/32tXvw5
U.S. Department of Commerce invests $2.2 million in CARES Act funding to boost economic development programs critical to helping North Dakota respond to the coronavirus pandemic: https://bit.ly/2YDntw2
U.S. Department of Commerce invests $2.4 million in CARES Act funding to boost economic development programs critical to helping Washington state respond to the coronavirus pandemic: https://bit.ly/31yCdhG
U.S. Department of Commerce invests $3.2 million in CARES Act funding to boost economic development programs critical to helping South Carolina respond to the coronavirus pandemic: https://bit.ly/31uA2M0
New Mexico was awarded $2.4 million in CARES Act funding to boost economic development programs critical to helping the state respond to coronavirus, the U.S. Department of Commerce announced today. Congrats to the 6 recipients! https://bit.ly/2ElExiS
Three Pennsylvania organizations were awarded $1.2 million in CARES Act funding to boost economic development programs critical to helping the state respond to coronavirus, the U.S. Department of Commerce announced today. Congrats to the recipients – Northern Tier Regional Planning and Development Commission, SEDA-COG and Southern Alleghenies Planning and Development Commission. https://bit.ly/31emMed
The U.S. Department of Commerce awarded 4 Economic Development Districts in Colorado $1.5 million in CARES Act funding to boost economic development programs to help the state respond to coronavirus. Congrats to the 4 recipients! Northwest Colorado Council of Governments, Southern Colorado Economic Development District (SCEDD), San Luis Valley Development Resources Group and Region 9 Economic Development District of Southwest Colorado. https://bit.ly/3aN5yIp
Oregon was awarded $3.6 million in CARES Act funding to boost economic development programs that will help the state respond to coronavirus, the U.S. Department of Commerce announced today. Congrats to the 9 recipients, who are all EDA-designated Economic Development Districts. https://bit.ly/31aADT7
10 EDA Economic Development District organizations across Montana were granted $3.9 million in CARES Act funding to update economic development plans and fortify programs to assist communities in responding to the coronavirus pandemic, the U.S. Department of Commerce announced today. Congrats to the grantees!
Oklahoma was awarded $4.2 million in CARES Act funding to boost economic development programs critical to helping the state respond to coronavirus, the U.S. Department of Commerce announced today. Congrats to the 11 recipients! https://bit.ly/2QhC7Vr
Tennessee will receive $13.6 million in CARES Act funding for revolving loan funds to help small businesses respond to coronavirus, the U.S. Department of Commerce announced. https://bit.ly/3gXXNkX
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