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March 7, 2022

Castillo’s Column: February 2022

Welcome to the inaugural edition of EDA Impact!  This monthly communication is designed to keep you up to speed on the important work that we are doing at EDA to support your locally driven economic development strategies and build a better America. I’m excited to note that ‘Castillo’s Column’ will appear quarterly, and I look forward to updating you on some of the work that we are most excited about.
  • Blog
February 11, 2022

Build Back Better Regional Challenge Conference Video Recordings Now Available to Help Broader Economic Development Community

Building resilient regional economies requires specific strategies to incorporate equity, ensure effective governance, create competitiveness and secure commitments to action. To assist our Build Back Better Regional Challenge finalists as they continue to develop their strategies, EDA brought together world-class experts during a virtual conference that was held February 2-3, 2022.
  • Blog
February 10, 2022

Status Update on EDA’s American Rescue Plan Programs

Due to the high volume of applications and interest EDA has received for its six American Rescue Plan programs, EDA would like to provide a status update on its $3 billion American Rescue Plan Programs. EDA strongly recommends any entities actively working on an application to contact their local Economic Development Representative (EDR) to discuss their region s availability of funds.
  • Blog
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. 
  • Blog
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.
  • Blog
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.
  • Blog