Success Stories

Timber markets are one of America’s most valuable, yet unpredictable, natural resource industries. It is no stranger to volatility, going from boon to bust and back again. As recently as 2019, paper mills and biomass electric plants were closing in Maine, New Hampshire, New York and Vermont, a four-state region collectively referred to as the Northern Forest. As the plants continued to close, the demand for wood harvested in the region began to decline.

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.

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. 

Albert Einstein once said that “No problem can be solved from the same level of consciousness that created it.” The...