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January 18, 2022

EDA Seeks Proposals to Lead Long-Term Community of Practice for ‘Build Back Better Regional Challenge’ Finalists

EDA is building a long-term Community of Practice for the 60 “Build Back Better Regional Challenge” (BBBRC) finalists. As part of this effort, EDA is now accepting applications for an organization to lead an action-oriented, four-year Community of Practice that incentivizes regional coalition members to execute their bold regional economic development goals. 
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January 7, 2022

EDA Announces Build Back Better Community of Practice Grant to a Partnership of the National League of Cities, America Achieves, Drexel University, and the Federation of American Scientists

In December 2021, U.S. Secretary of Commerce Gina Raimondo announced the 60 finalists of the Economic Development Administration’s (EDA) Build Back Better Regional Challenge. The transformative, $1 billion investment in American innovation aims to develop and strengthen regional industry clusters across the country, all while embracing economic equity, creating good-paying jobs, and enhancing U.S. competitiveness globally.
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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.
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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.
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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.
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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.
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