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Success Stories

Success Stories

Archives: Infrastructure | Innovation and Entrepreneurship | Small Business Development/RLF | Workforce Development

EDA investments catalyze strategic, regionally-focused plans to build strong economic ecosystems that will support entrepreneurship and business growth, enhance and grow their existing economic assets, and create well-paying jobs in growing sectors. By investing in bottom-up regional economic development EDA helped communities devise new, well-thought-out, sustainable strategies based on their unique assets.

EDA’s economic footprint is wide and its tool box is extensive—including technical assistance, post-disaster recovery assistance, trade adjustment support, strategic planning and research and evaluation capacity, thereby allowing the agency to offer the most effective investment to help communities succeed in the global economy.

We are proud of our grantees’ accomplishments and encourage you to submit your success stories:

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Innovation & Entrepreneurship

NDSU Research and Technology Park Spurs Groundbreaking Innovations

The University Center Economic Development Program at EDA helps make the resources of local universities available to the economic development communities in their areas. One such program is located in North Dakota.

November 2016

North Dakota State University student Cooper Bierscheid testing out his 3D-printed prosthetic limb.

Innovation & Entrepreneurship

Pacific Northwest Diabetes Institute

In FY 2010, EDA provided a $2 million grant to the Pacific Northwest Diabetes Institute to fund the acquisition of new technology and upgrades of scientific equipment.

September 2016

Pacific Northwest Diabetes Research Institute logo

Workforce Development

TruFund Accelerates Innovative Programs in Louisiana

The Economic Development Administration (EDA) awarded TruFund Financial a $500,000 EDA funded/$500,000 match grant in 2014 to assist with small business development and growth in Louisiana.

August 2016

TruFund supports minority and women owned contractors.

Infrastructure

Innovation Hub at the University of Florida

Florida began investing heavily in a more disaster-resistant “innovation economy” a decade ago as a necessary transition from a traditional dependence on population-dependent industries such as tourism, construction and real estate.

June 2016

ATRC logo

Infrastructure

Alabama Tombigbee Regional Commission Helps to Drive Critical FDI to Rural Wilcox County, Alabama

Devastating tornadoes that struck rural Wilcox County, Alabama in 2011 resulted in the loss of lives and permanent jobs when production in the region’s critical timber and paper production sectors was forced to cease for a number of weeks.

April 2016

ATRC logo

Workforce Development

Operation Hope's Small Business Empowerment Initiative

The President is committed to providing talented entrepreneurs in underserved communities with the opportunity to put their dreams into action. At EDA we are focused on building ladders of opportunity for all Americans by fostering innovation and supporting entrepreneurs.

February 2016

Operation Hope logo

Innovation & Entrepreneurship

Ben Franklin Technology Partners: Growth Breeds Success for Entrepreneurs

Ben Franklin once said, "Without continual growth and progress, such words as improvement, achievement, and success have no meaning." It’s therefore fitting that an institution bearing his name, Ben Franklin Technology Partners (BFTP), has taken those words to heart.

November 2015

Ben Franklin Technology PArtners logo

Infrastructure

Raise The Road

Albert Einstein once said that “No problem can be solved from the same level of consciousness that created it.” The same wisdom can be applied when it comes to repairing flood damage to a road that has been built in the path of a flood plain.

September 2015

Images of the flooding and damage caused by floods on Highway 169 in Minnesota

Workforce Development

A Training Center of Their Own

If you create a job and no one has the skills needed to fill it, did you really create a job? Workforce development must be a critical focus of all economic development organizations. It’s imperative that workers receive training that matches the needs of employers. In 2000, the town of New Braunfels, Texas, was faced with a problem. The town wanted to attract new industries, but their existing businesses were expressing concerns about the lack of skilled workers to meet their current and future needs.

July 2015

Trinity Hotel in Carlsbad, NM

Small Business Development/RLF

Trinity Hotel, Carlsbad, New Mexico

In Carlsbad, New Mexico some local developers saw opportunity in an old, historic bank building. This fantastic old building was opened as the community’s First National Bank in January of 1891 during Carlsbad’s pioneer days to accommodate the new town’s growing agricultural & business community and has a rich history.

June 2015

Trinity Hotel in Carlsbad, NM

Small Business Development/RLF

Kreinik Manufacturing Company, Parkersburg, West Virginia

The entire economy in the small town of Parkersburg, West Virginia is built on small businesses. Kreinik Manufacturing Company creates small textile embellishments and decorations. Demand was growing for these expertly crafted items, and the owners needed some new spooling equipment and computer upgrades to meet demand.

June 2015

Kreinik Manufacturing Company, Parkersburg, West Virginia