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Success Stories (Cont.)

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

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.

Innovation & Entrepreneurship

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

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 2016

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 2016

Kreinik Manufacturing Company, Parkersburg, West Virginia

Small Business Development/RLF

Innovative Senior Solutions, Cordele, Georgia

In September 2010, two registered nurses, Eshonda Blue and Jessica Wright, approached the River Valley Area Development Corporation for financing of an Adult Day Care Home (ADCH) to be located in Cordele, Georgia. Innovative Senior Solutions (ISS) received an $18,750.00 loan through the EDA Revolving Loan Fund (RLF) and the company injected $6,250.00.

June 2016

Eshonda Blue and Jessica Wright

Small Business Development/RLF

Hardware Hank, Ortonville, Minnesota

Bob and Sue Kulbeik wanted to open a hardware store in their town of Ortonville, Minnesota but lacked the capital. They sought funding from the Upper Minnesota Valley Regional Development Commission and other lenders to get the business going. They received a $66,000 Revolving Loan Fund (RLF) and were able to open Hardware Hank, which provides products for painting, plumbing, electrical, and basic hardware. The business created 5 jobs in the community.

June 2016

Hardware Hank store front

Economic Development Districts

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

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
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