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April 4, 2023

Regionally Focused Investments Build Meaningful Economic Ecosystems

In recent years, EDA has evolved its investment strategies to include a focus on a transformational regional approach that builds meaningful economic ecosystems. That means building our capacity in people, places, and possibilities through investments in America’s workforce, infrastructure, industries, and technologies to create sustainable regional economic development, and in turn, promote equitable economic growth, create good-paying jobs, and enhance U.S. global competitiveness.
  • Blog
March 29, 2023

U.S. Department of Commerce Invests $1.5 Million for Infrastructure Improvements Needed to Support Business Growth in Greeneville, Tennessee

WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the Greeneville Water Commission, Greeneville, Tennessee, for sewer infrastructure improvements to support business expansion and job creation in a region impacted by fluctuations in the energy economy.
  • Press Release
  • Assistance to Coal Communities
March 29, 2023

U.S. Department of Commerce Invests $1 Million to Capitalize Revolving Loan Fund to Support Small Businesses in Northeast Ohio

WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1 million grant to Valley Economic Development Partners, Youngstown, Ohio, to capitalize and administer a Revolving Loan Fund that will serve small businesses in Mahoning and Trumbull counties, a region impacted by fluctuations in the energy economy.
  • Press Release
  • Assistance to Coal Communities
March 28, 2023

Notes from the Road: Chapter 1

This month EDA “hit the road” to discuss our programs, including two of our newest initiatives to create jobs and grow regional economies. Throughout America we are convening government officials and subject matter experts in economic and workforce development, community engagement, place-based programming, innovation, and other sectors, to share insights and suggestions to strengthen the scope of our programming and ensure we achieve the maximum impact.
  • Blog
March 28, 2023

To Bolster Economic Competitiveness and Resiliency, U.S. Department of Commerce Funds Eight Communities of Practice

WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) had completed awarding $27.9 million in cooperative agreements to establish eight economic development Communities of Practice. Communities of practice are designed to connect participants to capture and disseminate practical knowledge. Each Community of Practice supported through these EDA awards will bring together thematically related groups of economic development practitioners who are working to develop economic ecosystems conducive to the creation of quality jobs for American workers.
  • Press Release
March 22, 2023

EDA Looks Back, And Ahead, At The American Rescue Plan

On the first anniversary of the American Rescue Plan (ARP), President Biden noted that, “Few pieces of legislation – no hyperbole – in American history have done more to lift this country out of a crisis…”. A year later, the sentiment not only continues to ring true, but has even more evidence to prove it.
  • Blog