News Listing

WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.9 million grant to the city of Vernon, Texas, for water supply line improvements to support diversified business growth in a region impacted by the declining use of coal. This grant is funded by the American Rescue Plan and EDA’s $300 million Coal Communities Commitment.

WASHINGTON – Today, President Biden will announce the Mountain | Plains Regional Native CDFI Coalition as one of 21 winners of the $1 billion Build Back Better Regional Challenge, the most impactful regional economic development competition in decades. Funded by President Biden’s American Rescue Plan and administered by the U.S. Department of Commerce’s Economic Development Administration (EDA), the Regional Challenge is awarding approximately $45 million in grants to the Mountain | Plains Regional Native CDFI Coalition, led by the Four Bands Community Fund, to  grow the Indigenous finance sector and expand economic opportunity in Native American communities in Montana, North Dakota, South Dakota and Wyoming.

WASHINGTON – Today, President Biden will announce the Tulsa Regional Advanced Mobility (TRAM) Corridor as one of 21 winners of the $1 billion Build Back Better Regional Challenge, the most impactful regional economic development competition in decades. Funded by President Biden’s American Rescue Plan and administered by the U.S. Department of Commerce’s Economic Development Administration (EDA), the Regional Challenge is awarding approximately $39 million in grants to the TRAM Corridor, led by the Indian Nations Council of Governments (INCOG), to advance aerial mobility technology in northeast Oklahoma.

WASHINGTON – Today, President Biden will announce the BioFabrication Cluster as one of 21 winners of the $1 billion Build Back Better Regional Challenge, the most impactful regional economic development competition in decades. Funded by President Biden’s American Rescue Plan and administered by the U.S. Department of Commerce’s Economic Development Administration (EDA), the Regional Challenge is awarding approximately $44 million in grants to the BioFabrication Cluster, led by the City of Manchester, to establish a biofabrication cluster in Southern New Hampshire.

WASHINGTON – Today, President Biden will announce the Oregon Mass Timber Coalition as one of 21 winners of the $1 billion Build Back Better Regional Challenge, the most impactful regional economic development competition in decades. Funded by President Biden’s American Rescue Plan and administered by the U.S. Department of Commerce’s Economic Development Administration (EDA), the Regional Challenge is awarding approximately $41.4 million in grants to the Oregon Mass Timber Coalition, led by the Port of Portland, to modernize and boost the forest products industry in Oregon.

WASHINGTON – Today, President Biden will announce the West Texas Aerospace and Defense Manufacturing Coalition as one of 21 winners of the $1 billion Build Back Better Regional Challenge, the most impactful regional economic development competition in decades. Funded by President Biden’s American Rescue Plan and administered by the U.S. Department of Commerce’s Economic Development Administration (EDA), the Regional Challenge is awarding approximately $40 million in grants to the West Texas Aerospace and Defense Manufacturing Coalition, led by the University of Texas at El Paso, to strengthen America's aerospace and defense manufacturing capabilities by integrating legacy manufacturers in West Texas into the aerospace and defense (A&D) supply chain.

WASHINGTON – Today, President Biden will announce the Heartland Robotics Cluster as one of 21 winners of the $1 billion Build Back Better Regional Challenge, the most impactful regional economic development competition in decades. Funded by President Biden’s American Rescue Plan and administered by the U.S. Department of Commerce’s Economic Development Administration (EDA), the Regional Challenge is awarding approximately $25 million in grants to the Heartland Robotics Cluster, led by the Invest Nebraska Corporation, to accelerate Nebraska’s leadership in the agricultural industry through robotic technologies and advanced manufacturing automation.

WASHINGTON – Today, President Biden will announce the Accelerate NC - Life Sciences Manufacturing coalition as one of 21 winners of the $1 billion Build Back Better Regional Challenge, the most impactful regional economic development competition in decades. Funded by President Biden’s American Rescue Plan and administered by the U.S. Department of Commerce’s Economic Development Administration (EDA), the Regional Challenge is awarding approximately $25 million in grants to the Accelerate NC - Life Sciences Manufacturing coalition, led by North Carolina Biotechnology Center, to strengthen the state’s life sciences sector.

WASHINGTON – Today, President Biden will announce the 21 winners of the $1 billion Build Back Better Regional Challenge, the most impactful regional economic development competition in decades. Funded by President Biden’s American Rescue Plan and administered by the Commerce Department’s Economic Development Administration (EDA), the Regional Challenge provides each award winner funding to rebuild regional economies, promote inclusive and equitable recovery, and create thousands of good-paying jobs in industries of the future such as clean energy, next-generation manufacturing, and biotechnology.

WASHINGTON – Today, President Biden will announce the Oklahoma Biotech Innovation Cluster as one of 21 winners of the $1 billion Build Back Better Regional Challenge, the most impactful regional economic development competition in decades. Funded by President Biden’s American Rescue Plan and administered by the U.S. Department of Commerce’s Economic Development Administration (EDA), the Regional Challenge is awarding approximately $35 million in grants to the Oklahoma Biotech Innovation Cluster, led by the Oklahoma City Economic Development Foundation, to expand the biotechnology industry in the Oklahoma City region.