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January 23, 2024

U.S. Department of Commerce Invests $888,789 to Support Growth of Maritime Sector in Aleutians East Borough

WASHINGTON – Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $888,789 grant to the city of King Cove, Alaska, for critical infrastructure improvements needed to support the region’s fisheries industry.

January 22, 2024

EDA and Civic Roundtable Collaborate on UC Hub

For nearly 45 years, the Economic Development Administration’s (EDA) University Center program has empowered leading colleges and universities to become champions of regional economic ecosystems. These centers provide small businesses and local governments with research-informed technical assistance leading to job creation, business expansion, and the development of highly-skilled talent pools.

December 20, 2023

Biden-Harris Administration Announces 22 Recompete Pilot Program Finalists

WASHINGTON, DC — The Biden-Harris Administration, through the U.S. Department of Commerce’s Economic Development Administration (EDA), today will announce the 22 finalists of the Distressed Area Recompete Pilot Program (Recompete). Recompete targets the hardest-hit and most economically distressed areas where prime-age (25-54 years) employment is significantly lower than the national average, with the goal to close this gap through flexible, locally-driven investments. President Biden will highlight the announcement during a trip to Milwaukee, where he will announce that a proposal to revitalize and invest in Milwaukee’s 30th Street Industrial Corridor was selected as a Recompete Finalist.

December 20, 2023

Administración Biden-Harris Anuncia 22 finalistas del Programa Piloto Recompete (Volver a Competir)

WASHINGTON, DC — La Administración Biden-Harris, a través de la Administración de Desarrollo Económico (EDA) del Departamento de Comercio de los Estados Unidos, anunció hoy los 22 finalistas del Programa Piloto de Recompete (Volver a Competir) de Áreas en Dificultades. Recompete se dirige a los más afectados y económicamente más necesitados en áreas donde el empleo en la edad óptima (25-54 años) es significativamente menor que el promedio nacional, con el objetivo de cerrar esta brecha a través de inversiones flexibles impulsadas localmente. El Presidente Biden destacará el anuncio durante un viaje a Milwaukee, donde anunciará que una propuesta para revitalizar e invertir en el corredor industrial de la Calle 30 de Milwaukee fue seleccionada como finalista de Recompete.

December 8, 2023

EDA 2023: A Year of Impact

2023 was another year of tremendous impact and growth at the U.S. Economic Development Administration (EDA). Our dedicated team of public servants work tirelessly to improve the competitiveness of American industry through equitable and inclusive economic growth, a core priority of the Biden-Harris Administration. EDA’s efforts in 2023 resulted in approximately $403 million of federal investment in 584 projects, which are expected to support more than 27,000 quality jobs, and nearly $8.5 billion in private investment, according to grantee estimates.

November 17, 2023

Equitable Lending Leaders: Fostering Inclusive Entrepreneurial Lending in Indigenous Communities

Equity is the Economic Development Administration’s (EDA) number one investment priority. While all EDA grant applications are evaluated with an equity lens, the bureau has also launched several dedicated programs to advance best practices in equitable economic development and deliver focused support to underrepresented populations, including America’s indigenous and tribal communities.

November 16, 2023

EDA Celebrates National Native American Heritage Month

During the month of November, the Economic Development Administration joins agencies throughout the Biden-Harris Administration in celebrating National Native American Heritage Month.

November 16, 2023

EDA Welcomes Jennifer Werner as New Chief Financial Officer & Chief Administrative Officer

WASHINGTON, DC — The U.S. Department of Commerce’s Economic Development Administration (EDA), today announced Jennifer Werner as the bureau’s new Chief Financial Officer (CFO) and Chief Administrative Officer (CAO).

November 14, 2023

U.S. Department of Commerce Invests $4.4 Million for Infrastructure Improvements to Support Business Growth and Development in Louisiana

WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is investing $4.4 million in the state of Louisiana to make critical infrastructure improvements needed to support current and future businesses in regions impacted by recent disasters.

November 9, 2023

U.S. Department of Commerce Announces 60 Recipients of ‘Build to Scale’ Program to Support Innovators, Entrepreneurs, and Startups Through Regional, Technology-Based Economic Development Strategies

WASHINGTON – Today, the U.S. Department of Commerce announced “Build to Scale” grants awarded to 60 organizations across the country — located in 36 states, the District of Columbia, and Puerto Rico — totaling $53 million for programs that support technology entrepreneurs, catalyze innovation, and fuel economic growth. This is the 10th cohort of grantees for this program.