Success Stories

Displaying 1 - 10 of 12

September 21, 2023

EDA Powered Capital is Helping Delaware and Pennsylvania Surge Business Growth

For more than thirty years, True Access Capital (TAC) has been empowering small business owners and entrepreneurs in Delaware and Pennsylvania, providing them with startup capital. Since opening its doors in 1991, TAC has provided nearly $50 million in funding to more than 1,400 organizations, allowing them to, in turn, open for business as well.
  • Small Business Development/RLF
August 30, 2023

EDA-Funded Nonprofit Helps Local Startups Open for Business in South Carolina

In 2007, Lowcountry Local First (LLF) opened its doors in Charleston, South Carolina. The founders of this non-profit organization wanted to advance economic prosperity and local ownership through innovative and inclusive initiatives—exactly the kind of initiative that would benefit from EDA’s investment.
  • Innovation and Entrepreneurship
  • Small Business Development/RLF
August 17, 2023

EDA Helps Ensure Maine is “Built for Business”

Since 1943, the State of Maine was home to the Brunswick Naval Air Station, a training facility for pilots heading off to Europe during World War 2. They operated under the motto: “Built for Business.”  Today, that slogan has taken on a new meaning.
  • Innovation and Entrepreneurship
  • Small Business Development/RLF
July 20, 2023

Wisconsin Chocolatier Achieves Sweet Success With Help From EDA-Funded Programs and Projects

“I was just a humble chocolate maker with a dream.” Daniel Herskovic, a gourmet chef who worked at top restaurants in San Francisco, New York, and Chicago, started his luxury chocolate company, Mayana Chocolate, in his apartment and eventually moved to a small table in the corner of a local cheesecake bakery on Chicago’s North Side.
  • Economic Development Districts
  • Innovation and Entrepreneurship
  • Small Business Development/RLF
July 18, 2023

EDA Leads Economic Recovery Efforts in Florida Following Hurricane Ian

On September 28, 2022, Hurricane Ian hit Florida’s Gulf Coast, bringing heavy rains and 150 mph winds. It resulted in catastrophic loss and significantly impacted communities throughout the state. The storm left more than 2.6 million residents without power. Ian’s impact on the state’s economy was no less intense, with insurance losses topping $12.6 billion.
  • Disaster Recovery
June 20, 2023

EDA Supports STEM Technology Development in Puerto Rico Following Irma and Maria

Puerto Rico is known as the Island of Enchantment, a favorite tourist destination revered for its white sandy beaches and cool tropical breezes. Each year, the island welcomes more than 4 million visitors eager to enjoy the sun and surf. Unfortunately, there are more and more unwelcome natural visitors, as climate change continues to increase the frequency and intensity of damaging storms.
  • Disaster Recovery
April 13, 2023

EDA Grant Supports Disaster Preparedness and Recovery in North Carolina

North Carolina is no stranger to natural disasters. In recent years, the Tar Heel State has hosted some of the most destructive hurricanes in American history, including Dorian (2019), Florence (2018) and Matthew (2016). Combined, these storms have accounted for more than $24 billion in damages to homes and businesses and the loss of more than forty lives throughout the state.
  • Disaster Recovery
March 7, 2023

King County Businesses Navigate Pandemic with Support From EDA and OneEastside SPARK

On February 20, 2020, Washington state reported the first COVID-19 death in the United States. Within a month, the state issued one of the nation’s first stay-at-home orders, a directive that was initially to last for just two weeks. OneRedmond CEO Kristina Hudson, however, knew that preparation was the best precaution.
  • Disaster Recovery
February 21, 2023

With EDA Support, Small Businesses Fulfill Big Dreams in Kentucky

“Your dream – our mission.” That’s the motto of Community Ventures, a community development financial institution (CDFI) that has been serving Kentucky since 1982. Today, they operate five offices throughout the state and are committed to improving the quality of life for all of its citizens.
  • Small Business Development/RLF