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December 30, 2021

U.S. Economic Development Administration Top 5 Accomplishments of 2021

1. In April, EDA updated its investment priorities, which provide an overarching framework to ensure that its investment portfolio – ranging from planning to infrastructure construction - contributes to local efforts to build, improve, or better leverage economic assets that allow businesses to succeed and regional economies to prosper and become more resilient. Notably, ‘Equity’ was added to the top of EDA’s investment priority list. EDA is committed to working with populations and underserved communities that have been denied a full opportunity to participate in aspects of economic prosperity in the past.

December 21, 2021

Secretary of Commerce Gina M. Raimondo and Assistant Secretary Alejandra Y. Castillo Visit Atlanta to Announce Finalists of $1 Billion Build Back Better Regional Challenge; Castillo Tours EDA Grantee

On December 13, Secretary of Commerce Gina M. Raimondo visited the Russell Center for Innovation and Entrepreneurship in Atlanta, Georgia. There, she announced the 60 finalists for the U.S. Economic Development Administration’s (EDA) $1 billion Build Back Better Regional Challenge, which provides up to $100 million per grantee to boost economic pandemic recovery and rebuild American communities.

December 9, 2021

A New Vision of Rural Economic Development That Drives More Equitable Outcomes

On December 1, 2021, the Rural Community Assistance Partnership (RCAP) brought together more than 30 of the nation’s foremost leaders on rural economic development for a conversation on building a new vision of rural economic development.

December 7, 2021

Assistant Secretary Alejandra Castillo Visits EDA-Funded Business Incubator, Discusses Federal Role in Economic Development in Hartford, Connecticut

In 2005, Hartford, Connecticut, experienced an economic earthquake when the Swift Factory closed its doors. For 120 years, the company provided gold leafing to national landmarks and government institutions nationwide, employing generations of workers in Hartford’s north end neighborhood – and one of its poorest. Overnight, those jobs disappeared, increasing disparities across the city.

November 30, 2021

Assistant Secretary Castillo Testifies on EDA Reauthorization Before the Senate Committee on Environment and Public Works

On Wednesday, November 3, Assistant Secretary of Commerce for Economic Development Alejandra Y. Casillo testified before the Senate Committee on Environment and Public Works during an oversight hearing to examine programs at the Economic Development Administration (EDA) and review programs for reauthorization.

November 30, 2021

Las Vegas Visit Highlights Focus on Equity and EDA Investments in Nevada

Southern Nevada’s economic development was the forefront of a roundtable discussion with Assistant Secretary of Commerce for Economic Development Alejandra Castillo and United States Senator Catherine Cortez Masto this month. More than a dozen Nevada businesses, community, and governmental leaders joined the event on Wednesday, November 10th.

November 30, 2021

U.S. Economic Development Administration Celebrates Native American Heritage Month and a Year of Progress with Its Tribal Partners

Every year in November, America celebrates Native American Heritage Month, a time to honor the culture and achievements of our indigenous communities. EDA is proud to recognize the role these communities and their cultures play in enriching our nation.

November 15, 2021

EDA Partners with Milken Institute and Rural Community Assistance Partnership to Aid Underserved Communities in Accessing Predevelopment Services

Predevelopment capacity is an essential catalyst to economic and regional recovery. This capacity is often lacking, in small, rural, and distressed communities where a shortage of human or financial capital can limit the ability to undertake high-value projects.

November 9, 2021

EDA Supporting Economic Recovery Following Hurricane Ida

The Economic Development Administration has been called in to help in the recovery from Hurricane Ida in Louisiana. The Federal Emergency Management Agency (FEMA) asked EDA to join an Interagency Recovery Coordination group (IRC) to assist following the natural disaster.

October 27, 2021

Deputy Secretary Graves and Assistant Secretary Castillo Close Out Hispanic Heritage Month by Celebrating Contributions, Successes of Local Hispanic-Owned Small Business

Hispanic Heritage Month is a time to recognize and celebrate the many ways the Hispanic community and culture have enriched the United States.