Success Stories

The seafood industry is often described as the lifeblood of Maine, providing food to customers the world over. Generations of fishermen have sailed its waters in search of lobsters, crabs, scallops, and a variety of other fish. In recent years, the cultivation of oysters, mussels, seaweed, and other species has added to their hauls. Seafood, along with forestry, agriculture, and outdoor recreation, is one of the iconic natural resource-based industries that dominate the economy in the Pine Tree State.

The place-based investment is core to EDA’s mission, with our team working closely with local community leaders to ensure EDA’s grants support targeted economic development based on each community’s unique needs. It’s not a one-size-fits-all approach, which allows EDA’s grants to be flexible, dynamic, and meet the moment that’s called for in each community. In Lubbock, Texas, that has translated into multiple EDA investments, as leaders turn a painful Air Force Base closure into economic opportunity for the region.

Reidsville is a small North Carolina community about twenty miles from Greensboro. Known as “Lucky City,” the residents have a simple motto: ‘live simply, think big.’

The dramatic landscapes of Inyo County, California make it a popular filming location, with more than 400 movies and countless television ads shot in the surrounding area. It is also a destination for outdoor enthusiasts who are drawn to its iconic locales, such as Death Valley and Mount Whitney. All of these visitors require fuel, food, and other supplies, a need upon which the Bishop Paiute Tribe are moving to capitalize.

Frost Fire Park in Northern North Dakota has been driving tourism to the Pembina Gorge for nearly half a century. Located just five miles from the Canadian border, the weekend ski area attracts skiers and snowboarders from hundreds of miles away who not only enjoy winter sports but also frequent hotels, restaurants, and small businesses in the area. 

“To grow is to prosper.” For the residents of Floyd County, Virginia, it’s more than just a motto emblazoned on the county seal. It’s a way of life, embedded in both the history and the culture of this rural community nestled among the scenic Blue Ridge Mountains.

Franklin County, Tennessee is a small community rich in history. Located about two hours from Nashville, it was first established in 1800 and named for one of the most famous Americans of that time—or any time—Benjamin Franklin. One of the earliest settlers was noted frontiersman Davey Crockett, who called Franklin County his home for more than four years.

Nancy Martinez, owner of Nide Jardin in Aurora, Illinois, opened her 2,400-square-foot plant and home decor store in August 2023 with assistance from a flexible loan from a Revolving Loan Fund (RLF) supported by a grant from the U.S. Economic Development Administration (EDA).

In September 2022, President Joe Biden announced the 21 winners of the Build Back Better Regional Challenge (BBBRC), a key component of his American Rescue Plan. The competition was designed to boost economic recovery from the pandemic and rebuild American communities, including those grappling with decades of disinvestment.

Stearns, Kentucky is rich in Appalachian history and culture, founded in 1902 by the Stearns Coal and Lumber Company. Centrally located within the state, adjacent to both the Daniel Boone National Forest and the Big South Fork National River and Recreation Area, Stearns was a ‘company town’ for decades serving as a major player in the mining and logging industries. More than 2,000 people lived and worked throughout 18 coal camps.