WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.4 million grant to the Craig Field Airport & Industrial Authority in Selma, Alabama, for building renovations needed to support the remote air traffic control academy at Craig Field.

EDA remembers Candace Waterman, a champion for women in business and economic opportunity for all.

WASHINGTON – Today, the U.S. Department of Commerce’s Economic Development Administration (EDA), in coordination with the U.S. Department of State and the Organization of American States (OAS), announced that 50-60 senior-level government, business, policy and economic leaders from 22 countries will participate in the 16th Americas Competitiveness Exchange (ACE) in the greater Seattle, Washington, region May 14-19, 2023. ACE is the premier economic development, innovation, and entrepreneurial network of the Americas and is one of the leading high-level events of the OAS that is coordinated with the federal government via the U.S. Department of State and the U.S. Department of Commerce.

WASHINGTON, DC — The Biden-Harris administration, through the U.S. Department of Commerce’s Economic Development Administration (EDA), today launched the Regional Technology and Innovation Hubs (Tech Hubs) competition. This program will create tech hubs in regions across the country by bringing together industry, higher education institutions, state and local governments, economic development organizations, and labor and workforce partners to supercharge ecosystems of innovation for technologies that are essential to our economic and national security. The program was authorized by the CHIPS and Science Act and is a key part of President Joe Biden’s Investing in America agenda, stimulating private sector investment, creating good-paying jobs, revitalizing American manufacturing, and ensuring no community is left behind by America’s economic progress.

WASHINGTON, D.C. – Today, U.S. Deputy Secretary of Commerce and Puerto Rico Economic Growth Coordinator Don Graves announced that the Department’s Economic Development Administration (EDA) has designated the first regional Economic Development District (EDD) in Puerto Rico, the Southern Puerto Rico Economic Development District (SPREDD).

WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.3 million grant to the city of Lexington, North Carolina, for infrastructure improvements to support business expansion and job creation.

WASHINGTON – Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $729,560 grant to Vivian’s Door, Mobile, Alabama, to provide technical assistance to minority-owned and distressed local businesses.

This week, we celebrate National Small Business Week, first started in 1963 by President John F. Kennedy. Administered by our Federal partner the U.S. Small Business Administration, this tradition recognizes the critical contributions of America’s small business owners while also promoting and encouraging new entrepreneurship opportunities and resources.