Success Stories

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.

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.

In 2018, Brookings reported: “A central development problem is that high-quality, timely, accessible data are absent in most poor countries, where development needs are greatest. In a world of unequal distributions of income and wealth across space, age and class, gender and ethnic pay gaps, and environmental risks, data that provide only national averages conceal more than they reveal.”

Lack of access to broadband is a problem for millions across the country, including residents in the state of Missouri. According to surveys from the Federal Communications Commission (FCC), the state ranks near the bottom for access to high-speed internet. Some local business owners had to find creative workarounds including completing tasks and then traveling into town to upload their completed work. 

“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.

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

With just two employees, the Mid-Shore Regional Council (MSRC) may be among the smallest of EDA’s economic development districts. But by leveraging the strength of its regional partners, the MSRC makes an enormous impact on Maryland’s Eastern Shore.

Economic Development Districts (EDD) play a vital role in the EDA grant application process. Comprised of multiple jurisdictions that often cross state lines, EDDs leverage the involvement of the public, private, and non-profit sectors to establish a strategic blueprint for economic development.

The town of Somerset is a small, waterfront community in southeastern Massachusetts. It was incorporated in 1790 but has a rich heritage dating back to the founding of America. Today, it is home to more than 18,000 residents, boasting a diverse population representing many cultures and communities.