Impact that starts locally and spans nationally (Data for March 2024)
Grants Awarded
Amount Awarded
Jobs Created or Saved
April 9, 2024

With EDA Support, Maine’s Marine Industry Reaches New Depths

The seafood industry is often described as the lifeblood of Maine, providing food to customers the world over. Generations of fishermen have sailed its waters in search of lobsters, crabs, scallops, and a variety of other fish. In recent years, the cultivation of oysters, mussels, seaweed, and other species has added to their hauls. Seafood, along with forestry, agriculture, and outdoor recreation, is one of the iconic natural resource-based industries that dominate the economy in the Pine Tree State.
Photo of a man with lobster
April 4, 2024

Multiple EDA Grants Transform Base Closure into Economic Opportunity in West Texas

The place-based investment is core to EDA’s mission, with our team working closely with local community leaders to ensure EDA’s grants support targeted economic development based on each community’s unique needs. It’s not a one-size-fits-all approach, which allows EDA’s grants to be flexible, dynamic, and meet the moment that’s called for in each community. In Lubbock, Texas, that has translated into multiple EDA investments, as leaders turn a painful Air Force Base closure into economic opportunity for the region.
Photo of Reese Technology Center sign
March 14, 2024

With EDA Support, a North Carolina Brewery Serves New Opportunities for the Community

Reidsville is a small North Carolina community about twenty miles from Greensboro. Known as “Lucky City,” the residents have a simple motto: ‘live simply, think big.’
Photo of the Lucky City Brewing taproom is ready to serve you.
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April 17, 2024

Recompete Pilot Program is Critical to U.S. Economic Policy

In this historically tight labor market, economic development programs must target people and places with low levels of employment. The U.S. Economic Development Administration’s Recompete Pilot Program (Recompete) is a $200 million grant program that will provide flexible $20 million to $50 million grants to places with persistently low prime-age (ages 25-54) employment rates. This blog post explains how Recompete aims to raise prime-age employment and renew economic opportunity in communities through three key design principles.
  • Blog
April 9, 2024

U.S. Department of Commerce Invests $1.7 Million to Support Infrastructure Improvements at the Central Louisiana Regional Port

WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.7 million grant to the Central Louisiana Regional Port in Alexandria, Louisiana, for infrastructure improvements needed to support disaster resiliency and efficiency improvements at the port.
  • Press Release
  • Disaster Recovery