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January 22, 2024

EDA and Civic Roundtable Collaborate on UC Hub

For nearly 45 years, the Economic Development Administration’s (EDA) University Center program has empowered leading colleges and universities to become champions of regional economic ecosystems. These centers provide small businesses and local governments with research-informed technical assistance leading to job creation, business expansion, and the development of highly-skilled talent pools.
  • 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
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.
  • Blog
December 21, 2021

U.S. Secretary of Commerce Gina Raimondo Announces $5 Million in Economic Development Administration American Rescue Plan Funding to Support Territory-wide Economic Development Planning

WASHINGTON – U.S. Secretary of Commerce Gina M. Raimondo today announced that the Department’s Economic Development Administration (EDA) is awarding American Rescue Plan statewide planning grants to five territories to support territory-wide economic development planning efforts.
  • Press Release
  • American Rescue Plan
December 16, 2021

U.S. Department of Commerce Invests $675,180 for Infrastructure Improvements to Support Business Expansion and Job Growth in Devens, Massachusetts

WASHINGTON – Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $675,180 grant to the Massachusetts Development Finance Agency, Boston, Massachusetts, to provide roadway and stormwater infrastructure improvements needed to support additional development of the Devens Industrial Area and former Fort Devens Military Base.
  • Press Release
December 16, 2021

U.S. Department of Commerce Invests $1.3 Million in CARES Act Recovery Assistance to Support Business Growth in Brooklyn, New York

WASHINGTON – Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.3 million CARES Act Recovery Assistance grant to Brooklyn Alliance, Inc., Brooklyn, New York, to provide technical assistance to small and medium-sized businesses impacted by the coronavirus pandemic.
  • Press Release
  • CARES Act