- Disaster Recovery
WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is investing $7 million in the state of Arkansas. These investments will support healthcare workforce development and critical infrastructure improvements to support current and future business needs.
The EDA investments announced today are:
“President Biden’s Investing in America agenda is making sure communities in Arkansas and across the country have the resources needed to grow and diversify their economies,” said Secretary of Commerce Gina Raimondo. “These EDA investments will support workforce development and infrastructure improvements, creating jobs and fostering business expansion in Northeast Arkansas.”
“The Economic Development Administration plays an important role in supporting locally developed strategies designed to create economic opportunity,” said Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. “EDA is proud to support these Arkansas communities as they work to provide new economic opportunities for residents and businesses that benefit the entire region.”
“Sustaining rural communities requires strategic investment that helps create opportunities and enhance quality of life. I’m pleased Trumann and Newport are both benefiting from this federal support to ensure future growth. The assistance with water infrastructure modernization and new access to medical training will serve not only their needs, but help lead the region toward increased economic development and advancement,” said Senator John Boozman.
These projects were made possible by the regional planning efforts led by the White River Planning and Development District, Inc. (WRPDD) and the East Arkansas Planning and Development District (EAPDD). EDA funds WRPDD and EAPDD to bring together the public and private sectors to create an economic development roadmap to strengthen the regional economy, support private capital investment and create jobs.
These projects are funded under the Disaster Relief Supplemental Appropriations Act, 2023, which provided EDA with $483 million in additional Economic Adjustment Assistance (EAA) Program funds for disaster relief and recovery for areas that received a major disaster declaration under the Robert T. Stafford Act as a result of Hurricanes Ian and Fiona, wildfires, flooding, and other natural disasters occurring in calendar years 2021 and 2022. Please visit EDA’s Disaster Supplemental webpage for more information.
About the U.S. Economic Development Administration (www.eda.gov)
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation’s regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA invests in communities and supports regional collaboration in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.