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In this
issue...
- President Bush Welcomed
President Alan Garcia of Peru,
Signed U.S. – Peru FTA
- EDA Listening Sessions:
Share Your Ideas on Revolving Loan Funds
- Latest Issue of Economic
Development America
Published This Month: "Regional Strategies, Local Action, Global
Success"
- Mark Your Calendar for EDA
Regional Conferences in 2008!
- Input Requested on Economic
Development Administration Reauthorization
- Latest Economic Development
Today Telecast Now Online: Strategies for Success in the 21st
Century Global Marketplace – Why Free Trade is Important to U.S.
Regions
- IEDC's 2008 Leadership Summit, Feb. 3-5,
2008: Connecting Leadership and Communities
- EDA: Promoting Best
Practices in 21st Century Economic Development
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President Bush Welcomed President Alan Garcia of Peru, Signed U.S.
– Peru
FTA
President
Bush welcomed President Alan Garcia of Peru to the White House on
Friday, December 14. Peru
is a staunch ally of the United States
and has demonstrated unequivocal support for democracy, human rights, and the
expansion of economic opportunity in the Western
Hemisphere. The President also signed the implementing
legislation for the United States-Peru Trade Promotion Agreement passed by
Congress. In addition, President Bush and President Garcia discussed a range
of issues, including how like-minded countries can work together to better
promote democracy, human rights, and social justice.
For more
information on free trade agreements, visit www.tradeagreements.gov.
EDA Listening Sessions: Share Your Ideas on Revolving Loan Funds
EDA has
been listening at Economic Development District (EDD) meetings in Maine, Arkansas and Illinois for ideas to
make EDA programs work better for EDDs. We have
received some interesting thoughts on the following topic.
The
Revolving Loan Funds (RLF) program currently makes grants to state and local
governments, as well as non-profit organizations, to establish lending
programs that make capital available in distressed regions at below-market
rates, or when funds are otherwise unavailable from private lenders. As long
as loans are repaid, RLFs exist in perpetuity.
Would you want the flexibility to do any of the following with
RLFs?
•
convert from RLF funds to project funding for a public works project
• securitize by bundling RLF loans and selling them as a security
• partner with other, non-EDA RLFs to create
a larger lending capital base
Please
let us know what you think by visiting EDA's web site (www.eda.gov) and sharing your
ideas with us on Revolving Loan Funds.
Latest Issue of Economic Development America Published This Month:
"Regional Strategies, Local Action, Global Success"
Look for
the December 2007 issue of Economic Development America magazine to
arrive in your mailbox soon. This issue features articles on regional
initiatives in Massachusetts, North Carolina, the Pacific Northwest, Indiana, Kentucky, Montana and more,
centered on a variety of industries and strategies. In addition, the issue
includes a summary report of the five economic development symposia that EDA
held around the country in 2007.
Back
issues of Economic Development America are available in PDF format on EDA's
website.
Mark Your Calendar for EDA Regional Conferences in 2008!
April
16-18, 2008
EDA's Austin and Atlanta
regional offices will host the Greater South Economic Development Conference
at the New Orleans Marriott on Canal
Street, in New
Orleans, Louisiana,
April 16-18, 2008. The theme of the conference is "Sustaining American
Prosperity: The 21st Century Challenge," and will focus on American
competitiveness.
May 12-14, 2008
EDA's Chicago and Philadelphia
regional offices will host a conference entitled, "Beyond Innovation:
Transforming Our Regional Economies Through Partnerships, Comprehensive
Strategies and Innovation" at the Crowne Plaza
Hotel in Cleveland, Ohio, May 12-14, 2008.
The
conference will offer economic developers from 19 states, the District of Columbia, Puerto Rico
and the U.S. Virgin Islands lessons and strategies on both the tried and true
and the cutting-edge in economic development practice.
The
planned program includes:
• Monday, May 12: An update on EDA, economic development
district and university center peer exchanges, an evening reception at the
Rock and Roll Hall of Fame
•
Tuesday, May 13: Address by Dr. Tom Crouch of the Smithsonian Institution
plus a wide range of sessions
•
Wednesday, May 14: Training for RLFs, economic
development districts, university centers, and construction grant recipients.
Each group will have a session focusing on its specific issues
September 10-11, 2008
EDA's Denver and Seattle
regional offices will host a conference at the Denver
Convention Center in Denver, Colorado
on September 10-11, 2008.
The
planned program includes:
• Wednesday, September 10: Regional economic development
strategic planning
•
Thursday, September 11: Revolving loan fund administration and a special
meeting of Native American tribes to discuss issues related to tribal
economic development.
Additional
information regarding the program, registration and accommodations will be
available in early 2008.
Input Requested on Economic Development Administration Reauthorization
On
October 27, 2004, President Bush signed into law the Economic Development
Administration Reauthorization Act of 2004, which reauthorizes EDA's economic
development assistance programs through fiscal year 2008.
As EDA
prepares for reauthorization of its programs next year, we encourage economic
development professionals and any other individuals or groups to provide
input. Please email your thoughts to EDA at EDAReauthorization@eda.doc.gov.
We
welcome your input. This email account is designed to receive messages only.
Responses from EDA will not be generated.
Latest Economic Development Today Telecast Now Online: Strategies
for Success in the 21st Century Global Marketplace – Why Free Trade is
Important to U.S. Regions
On
November 8, EDA hosted a telecast on the economic development benefits of
bolstering free trade. Guests included Congressman Gregory W. Meeks (D-NY);
William Stafford, President, Trade Development Alliance of Greater Seattle;
and Anne Burkett, President, North Alabama Trade Association.
The
program focused on how regions across the nation are enjoying the vast
economic opportunities provided by export growth, including job growth,
increased business opportunities for small and medium-size firms, and
increased tax revenue as businesses succeed in the worldwide economy. Click
here to view the telecast.
IEDC's 2008 Leadership Summit, Feb. 3-5, 2008: Connecting
Leadership and Communities
The
International Economic Development Council's 2008 Leadership Summit in Orlando, Florida,
offers senior managers and Certified Economic Developers (CEcDs)
three days of high-level networking, professional development, and insight
from thought-provoking speakers on the role of partnerships between economic
development leaders and the communities with which they work. The acclaimed
roundtable discussions will also be returning for a second year.
Join IEDC
at this unique gathering of industry leaders. With attractions,
entertainment, and weather warm enough to help you forget the chill of
winter, Orlando
offers a relaxed setting to make important connections for both your career
and your community. (Attendance is limited to senior managers of economic
development organizations and Certified Economic Developers (CEcDs).)
To view
the program and learn about registration, visit the 2008
Leadership Summit website.
EDA: Promoting Best Practices in 21st Century Economic Development
As the
leading federal agency for economic development, one of EDA's key roles is
promoting best practices and ideas in 21st century economic development. This
includes producing telecasts, magazines, newsletters and awards programs. You
won't want to miss any of this valuable information, so be sure to check out
the resources and links below.
Economic
Development Today telecasts:
• November 8, 2007: Strategies for Success in the 21st
Century Global Marketplace – Why Free Trade is Important to U.S.
Regions (WMV file)
• May 7,
2007: Growing and Keeping Your Region's Businesses (WMV file)
• February
21, 2007: Faith-Based Economic Development (WMV file)
Economic
Development America
magazine:
• Regional Strategies, Local Action, Global Success
(forthcoming at this page)
• EDA's Excellence in Economic Development 2007 Award Winners
(PDF)
• The Power of Information: Using Data to Create and Refine
Your Economic Development Strategy (PDF)
• Growing and Keeping Your Region's Businesses (PDF)
Winners
of EDA's 2007 Excellence in Economic Development Awards:
• Rural Economic Development: Ohio State
University Endeavor Center, Piketon, Ohio
• Urban or Suburban Economic Development: Gateway Park, LLC,
Worcester, Massachusetts
• Enhancing Regional Competitiveness: KCSourceLink,
Kansas City, Missouri
• Economic Adjustment Strategies: Regional Planning Commission
of New Orleans, New Orleans, Louisiana
• Technology-led Economic Development: Florida Institute for
Human and Machine Cognition, Pensacola, Florida
• Community and Faith-Based Social Entrepreneurship: Pyramid
Community Development Corporation, Houston, Texas
• Innovation in Economic Development: Paulding County Board of
Commissioners, Dallas, Georgia
Winners
of EDA's Performance Awards
For the first time, EDA issued performance awards in 2007 to EDA investment
recipients whose projects demonstrate outstanding performance. Those winners
include:
• City of Hornell Industrial Development Agency,
Hornell, New York
• Joplin Chamber of Commerce, Joplin, Missouri
• City of Fort Dodge, Iowa
• City of Magnolia, Arkansas
• City of Staples, Minnesota
• Piedmont Triad Research Park (PTRP) and City of Winston-Salem, North
Carolina
• Moultrie-Colquitt County Development Authority, Georgia
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EDA wishes everyone a happy and safe holiday season and new year!
EDA Update is brought to you as a benefit of a
partnership among the Economic Development Administration (EDA), the
International Economic Development Council (IEDC) and the National
Association of Regional Councils (NARC), to provide information about
economic development practices and programs to economic development
practitioners who serve distressed communities throughout the United States.
This partnership also provides six telecasts and a quarterly magazine. For
more information, visit the EDA website at www.eda.gov.
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