Success Stories (Cont.)

Infrastructure Native Village of Napaimute Sets Sail to Greater Prosperity with EDA Grant For members of the Native Village of Napaimute — an Alaska Native tribe in Western Alaska — the forests of the Yukon–Kuskokwim Delta are not only the heart and hearth of their ancestral home, they are also an important contemporary fixture of the village’s economy. In fact, Napaimute, in the Yup’ik language, literally means “forest people.” November 2020
Innovation & Entrepreneurship, Manufacturing Success Story: EDA Innovation Investment Supports Textile Manufacturing in North Carolina North Carolina has a vibrant history in textile manufacturing, which dates back decades before technological advances such as the high-tech knitting machine. October 2020
Disaster EDA Investment Advances Locally-Driven Strategy to Establish Flood-Resilient Business Sites in Viroqua, Wisconsin The new Viroqua Business District is nearly complete and an agreement was finalized in August to welcome its first new business. September 2020
Small Business/RLF Krampade Sports Drink Leverages Revolving Loan Fund to Secure Public/Private Investment for Business Growth EDA makes Economic Adjustment Assistance (EAA) grant awards to establish Revolving Loan Funds (RLFs) that make loans to businesses that cannot otherwise obtain traditional bank financing. These loans provide access to capital as gap financing that enables small businesses to grow and lead to new employment opportunities with competitive wages and benefits. August 2020
Economic Development Districts EDA’s nearly $175 million in Foreign Direct Investment projects in Distressed Communities Attract Investors from Across the Globe Foreign Direct Investment (FDI) is one of EDA’s main investment priorities and critical to supporting projects that promote and facilitate business investments in the United States. June 2020
Manufacturing EDA University Center Participates in Cross-Campus Collaboration to Respond to Aid COVID-19 Pandemic An EDA University Center partner, the Tom Love Innovation Hub at the University of Oklahoma (OU), is participating in a cross-campus effort to create and validate essential medical equipment in support of our healthcare heroes. May 2020
Infrastructure EDA’s Partnership with the Philadelphia Industrial Development Corporation Drives Economic Growth in Philadelphia The Philadelphia Industrial Development Corporation (PIDC) is Philadelphia’s public-private economic development corporation. March 2020
Innovation & Entrepreneurship The Russell Center for Innovation and Entrepreneurship Brings Diverse Economic Growth to Atlanta Opportunity Zone Founded by the late Herman J. Russell, an Atlanta entrepreneur and philanthropist, H.J. Russell & Company is the largest minority-owned real estate and construction company in the United States. February 2020
Infrastructure Treasure Valley Community College in Oregon Breaks Ground on New Career and Technical Education Facility Funded by EDA On January 23, 2020, Treasure Valley Community College (TVCC) broke ground on their new Vo-Tech facility in Ontario, Oregon. The facility is being established using funds invested by EDA. January 2020
Small Business/RLF EDA’s Revolving Loan Fund (RLF) Program Helps Turn a Chocolatier’s Dream into Reality EDA’s Revolving Loan Fund (RLF) program provides small businesses and entrepreneurs with the gap financing they need to start or expand their businesses. November 2019