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October 20, 2022

EDA Taps NGIN to Lead Equity Impact Investments

The Economic Development Administration (EDA) recognizes the need for more resources to improve technical assistance and capacity building in underserved populations and communities’ representation in local economic development. Therefore, last year, we elevated ‘equity’ as our top investment priority.
  • Blog
October 19, 2022

EDA and RIPL Partner on Evaluation and Measurements Program for Good Jobs Challenge

The U.S. Economic Development Administration’s $500 million Good Jobs Challenge is making once-in-a-generation investments in 32 high-quality, locally led workforce systems to dramatically transform America’s communities. The goal of the Good Jobs Challenge is to create workforce training programs in communities that will help workers secure jobs in growing, essential industries, and accelerate regional economic development following the pandemic. To further this work, this month, EDA’s Research and National Technical Assistance program is announcing a $592,783 grant to Research Improving People’s Lives (RIPL) — a national social impact non-profit based in Providence, Rhode Island — to develop and implement Return-on-Investment (ROI) metrics that will help a broad range of stakeholders, including policymakers, assess the Good Jobs Challenge on equity outcomes. This grant is funded through EDA’s ARPA Research and Networks Funding Opportunity.
  • Blog
October 13, 2022

SSTI Tapped to Lead Community of Practice Dedicated to Advancing Technology-Based Economic Development

The United States economy is built on innovation, a fact affirmed in 2009 with the passage of the American Recovery and Reinvestment Act which set out to provide “investments needed to increase economic efficiency by spurring technological advances.” The 2021 American Rescue Plan Act further committed the United States to the development of an economy primed to lead in the global marketplace through the creation of new industries and the application of cutting-edge technology in traditional enterprises.
  • Blog
October 12, 2022

EDA and NADO Research Foundation Establish Economic Development District Community of Practice

Since designating the first Economic Development District (EDD) in 1969, the Economic Development Administration’s (EDA) network of EDDs has grown to more than 390. These locally governed, multi-jurisdictional entities are both critical drivers of regional planning efforts, and important interlocutors between the federal government and local communities.
  • Blog
October 3, 2022

EDA Awards $3 Billion in American Rescue Plan Funding for Transformative Economic Development Projects Across the Country

In March of 2021, President Biden signed the American Rescue Plan into law. This historic legislation was designed to enable American communities to respond to and recover from the impacts of COVID-19. In the American Rescue Plan, Congress allocated an unprecedented $3 billion to the Economic Development Administration (EDA) in supplemental one-time funding and required EDA to disburse all awards by September 30, 2022, in order to meet the urgent needs of American communities. This notable economic development opportunity required EDA, its partners, and most importantly, leaders across the entire economic development community, to take transformational and expeditious action.
  • Blog
September 30, 2022

U.S. Department of Commerce Invests $2.2 Million in CARES Act Recovery Assistance to Boost Manufacturing Growth in Sedro Woolley, Washington

WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.2 million CARES Act Recovery Assistance grant to the Port of Skagit County, Washington, for infrastructure improvements and site development in support of regional manufacturing growth.
  • Press Release
  • CARES Act
September 30, 2022

U.S. Department of Commerce Invests $1.5 Million in CARES Act Recovery Assistance to Capitalize Revolving Loan Fund to Serve Small Businesses in Jefferson Parish, Louisiana

WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million CARES Act Recovery Assistance grant to Jefferson Parish Economic Development and Port District (JEDCO), Avondale, Louisiana, to capitalize and administer a Revolving Loan Fund that will serve small businesses in Jefferson Parish.
  • Press Release
  • CARES Act
September 28, 2022

FEMA and EDA Release New Resource to Align Community Plans and Build Resilience

A new resource will help economic development and hazard mitigation planners achieve mutually beneficial outcomes.

The Comprehensive Economic Development Strategy and Hazard Mitigation Plan Alignment Guide connects economic development and hazard mitigation plans so communities can be more resilient from natural hazards. The guide was a collaboration between FEMA and the U.S. Economic Development Administration (EDA).
  • Blog