JULY 2017
In This IssueSpotlight: 50 Years of Partnership Success: EDA’s Planning Program
At EDA, we believe that locally-owned strategic planning is critical to facilitating regional economic development efforts and we understand that some communities need help developing a plan and figuring out where to start their efforts. To promote effective economic development in America’s communities and regions, our Planning Program (PDF) has helped local organizations (Economic Development Districts, Indian Tribes, and other eligible areas) with long-term strategic economic development planning efforts, and helps communities undertake focused, project specific planning activities. A key component under this program is developing, maintaining, and implementing a Comprehensive Economic Development Strategy (CEDS). Success Story: Economic Development Districts: Marking a Half-Century of Paving Paths to Stronger Communities This year, many of the nation’s first federally-designated Economic Development Districts (EDDs) are turning 50! We commend all of our EDD network partners for their dedication and service! Below are just a few examples of numerous successes EDDs have accomplished through the years! Illinois - Greater Egypt Regional Planning & Development Commission As a result of the collaboration fostered through the CEDS process, the Greater Egypt Regional Planning & Development Commission, over its 50-year history, has been able to help diversify and grow the region’s economy by helping to attract more than $350 million in private sector investment that has helped to create more than 7,000 jobs for local citizens. Impressive projects have been generated as a result of this regional focus in Southern Illinois. Highlight: Comprehensive Economic Development Strategy Contributes to Effective Economic Development across America
The EDA-led Comprehensive Economic Development Strategy (CEDS) process can provide a roadmap to effective economic development in America’s communities and regions through a locally-based, regionally-driven economic development planning process. Economic development planning – as implemented through the CEDS – has helped to engage community leaders, leverage the involvement of the private sector, and establish a strategic blueprint for regional collaboration. |
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Funding Availability: $30 Million to Support Coal Communities U.S. Secretary of Commerce Wilbur Ross recently announced that EDA has published a Notice of Funding Availability (NOFA) making $30 million available to assist coal communities in their economic diversification efforts through the 2017 Assistance to Coal Communities (ACC 2017) initiative. EDA Celebrates 50 Years of Economic Development District Success! On June 2, Chicago Regional Director Jeannette Tamayo joined U.S. Representative Mike Bost to recognize Greater Egypt’s 50th anniversary as an EDA-designated Economic Development District. Check out some of the press coverage below from the event: Greater Egypt Regional Planning and Development Commission Celebrates 50th Anniversary Local and federal IL partnership celebrates 50 years Economic development district recognized   The SelectUSA Investment Summit took place June 18-20, 2017 at the Gaylord National Resort & Convention Center in the Washington, DC metro area. It is the highest-profile event dedicated to promoting foreign direct investment (FDI) in the United States. EDA joined other federal and state agencies at the Exhibition Hall to promote Foreign Direct Investment (FDI) in the U.S. EDA in the News! Feds offer coal region assistance funds Humic Growth Solutions opens location in Shelby U.S. Department of Commerce invests $1.9 M for infrastructure in Upton Growth from the Ground Up |
