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Success Stories (Cont.)

Archives: Disaster | Economic Development Districts | Infrastructure | Innovation and Entrepreneurship | Manufacturing | Small Business Development/RLF | Workforce Development

Infrastructure

Lubbock Rail Port Infrastructure Expansion Tracks in New Growth for the Region

EDA invested $1.5 million in Lubbock Economic Development Alliance, Inc., (LEDA) of Lubbock, Texas, in 2009 to develop physical infrastructure needed to help the region attract additional private investment.

April 2019

Workers construct new rail spur to facilitate shipping raw materials to manufacturing and distribution center.

Small Business/RLF

Former St. Louis Fire Department Engine House Now Quenches Burning Hard Cider Thirst with Help of EDA RLF Loan

EDA’s Revolving Loan Fund (RLF) program provides small businesses and entrepreneurs with the gap financing they need to start or expand their businesses.

April 2019

The transformed Fire Engine House now the Brick River Cider

Disaster

Collaborative Efforts in California Turn Wildfire Devastation Into Economic Growth

Like the Phoenix rising from the burning flames to restore and make anew, so have local efforts in California help turn destruction into prosperity.

March 2019

Exterior, Calaveras Business Resource Center

Disaster

Success Story: EDA’s Investment in Choctaw Nation Supports Development of Drone Testing Program, Attracting New Business and Private Investment to the Area

The Choctaw Nation is a Native American territory and Indian Tribe represented in 11 counties in Oklahoma. Between 2014 and 2016, the Choctaw Nation and surrounding region was affected by three federally-declared natural disasters.

February 2019

Choctaw Nation Drone Testing

Workforce Development

Highlight: How Non-Profit ICAST is Teaching Green Construction Skills to At-Risk Youth, Training for Jobs of the Future

In December 2017, EDA provided funding for the International Center for Appropriate and Sustainable Technology (ICAST), a nonprofit that focuses on providing a higher quality of living for low-to-moderate income communities, to launch a green construction training and job creation program for disadvantaged youth.

February 2019

Students at the ICAST Green Construction Training Program

Small Business/RLF

Rhode Island Commerce Corporations’ EDA Revolving Loan Fund Helps Premier Biodiesel Manufacturer Expand

EDA’s Revolving Loan (RLF) Program provides funding to state and local governments, nonprofits and political subdivisions to provide access to capital to U.S. small businesses that cannot obtain traditional bank financing.

December 2018

Newport Biodiesel, Inc.’s new biodiesel tanks

Small Business/RLF

North Central Pennsylvania Regional Planning and Development Commission’s EDA Revolving Loan Fund Gives Pennsylvania Manufacturer a Boost

EDA’s Revolving Loan (RLF) Program provides funding to state and local governments, nonprofits and political subdivisions to provide access to capital to U.S. small businesses that cannot obtain traditional bank financing. These loans enable small businesses to expand, lead to new employment opportunities and help retain jobs.

December 2018

Excel Boats

Disaster

EDA Investment Relocates Wastewater Treatment Plant, Protects Iowa City Water Supply from Future Floods

In June of 2008, surges in the Iowa River leading into Iowa City prevented access to the downtown area causing significant impact to the local business community. The river remained above flood stage for 32 consecutive days halting commerce and transportation in the region for weeks. The flood damage resulted in hundreds of millions of dollars in public and private damage in Iowa City.

November 2018

Picture of flooded Iowa City, IA North Wastewater Treatment Plant. (Source: Iowa Homeland Security and Emergency Management)

Disaster

EDA Invests in the IEDC Volunteer Assistance Program to Help Communities Impacted by Hurricane Harvey

Immediately following the impact of Hurricane Harvey on August 25, 2017, which the National Oceanic and Atmospheric Administration has stated was “the most significant tropical cyclone rainfall event” in U.S. history with up to 48-60 inches of rain and estimated damage of $125 billion, EDA’s Austin Regional Office invested $175,000 in the International Economic Development Council’s (IEDC) Volunteer Assistance Program to help impacted communities.

October 2018

Debris in the wake of a hurricane

Disaster

One Year After Hurricanes Irma and Maria, Long-Term Recovery Planning Activity Boosts Puerto Rico’s Economic Development

One year after Hurricanes Irma and Maria ripped through Puerto Rico, much is still being done to rebuild and revitalize the communities that suffered from the storms.

September 2018

Debris in the wake of a hurricane
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