Success Stories

In September 2022, President Joe Biden announced the 21 winners of the Build Back Better Regional Challenge (BBBRC), a key component of his American Rescue Plan. The competition was designed to boost economic recovery from the pandemic and rebuild American communities, including those grappling with decades of disinvestment.

Decatur, Alabama, is a small community just outside of Huntsville, a city that has been experiencing steady growth over the last few decades. As the population grows, so too does the vast number of businesses to serve their needs.  Now Decatur is home to more than two dozen automotive dealerships.

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.

Commercial drivers play a critical role in our nation’s economy. Those with a Commercial Driver’s License (CDL) operate the tractor-trailers, semi-trucks, and passenger buses that transport supplies, materials, products, and people across the country.  Simply put, commercial drivers help America move forward.

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.

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.

“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.

Throughout much of the 20th century, Shelby, North Carolina, about an hour west of Charlotte, was a powerhouse of textile manufacturing. It was home to several mills, which produced yarn and thread for the clothing industry. It also had considerable transportation assets, making these products readily available throughout the United States. By the dawn of the 21st century, however, all of that would change.

“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.

When Centrepolis Accelerator launched just over five years ago, it only had capacity to help a couple startups bring their products to market.