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March 29, 2023

U.S. Department of Commerce Invests $1 Million to Capitalize Revolving Loan Fund to Support Small Businesses in Northeast Ohio

WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1 million grant to Valley Economic Development Partners, Youngstown, Ohio, to capitalize and administer a Revolving Loan Fund that will serve small businesses in Mahoning and Trumbull counties, a region impacted by fluctuations in the energy economy.

March 29, 2023

U.S. Department of Commerce Invests $500,000 to Boost Advanced Manufacturing Training Opportunities and Jobs in North Central Indiana

WASHINGTON – Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant to Ivy Tech Community College, Kokomo, Indiana, to help establish the Center of Excellence in Advanced Manufacturing.

March 28, 2023

To Bolster Economic Competitiveness and Resiliency, U.S. Department of Commerce Funds Eight Communities of Practice

WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) had completed awarding $27.9 million in cooperative agreements to establish eight economic development Communities of Practice. Communities of practice are designed to connect participants to capture and disseminate practical knowledge. Each Community of Practice supported through these EDA awards will bring together thematically related groups of economic development practitioners who are working to develop economic ecosystems conducive to the creation of quality jobs for American workers.

March 28, 2023

Notes from the Road: Chapter 1

This month EDA “hit the road” to discuss our programs, including two of our newest initiatives to create jobs and grow regional economies. Throughout America we are convening government officials and subject matter experts in economic and workforce development, community engagement, place-based programming, innovation, and other sectors, to share insights and suggestions to strengthen the scope of our programming and ensure we achieve the maximum impact.

March 23, 2023

U.S. Department of Commerce Invests $1.3 Million to Boost Aerospace Sector in Greenville, Texas

WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.3 million grant to the city of Greenville, Texas, to make roadway improvements needed to expand the region’s critical aerospace sector.

March 22, 2023

EDA Looks Back, And Ahead, At The American Rescue Plan

On the first anniversary of the American Rescue Plan (ARP), President Biden noted that, “Few pieces of legislation – no hyperbole – in American history have done more to lift this country out of a crisis…”. A year later, the sentiment not only continues to ring true, but has even more evidence to prove it.

March 14, 2023

BLOG | Building Better Regions Community of Practice and Research Grantees Make Early Progress in Support of Regional Coalitions

In 2022, the Economic Development Administration (EDA), working with leading economic development organizations, established a robust networking, technical assistance, and research program to guide innovation in place-based economic development. Using the work of the 60 coalitions selected to participate in EDA’s historic $1 billion Build Back Better Regional Challenge as a living laboratory, the Building Better Regions Community of Practice – as well as three separate research projects – is now well underway.

March 13, 2023

Statement from Assistant Secretary Alejandra Y. Castillo on the President's Budget and Commitment to American Economic Development

WASHINGTON, D.C. – The U.S. Department of Commerce’s Economic Development Administration (EDA), led by Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo, released the following statement reflecting on President Biden’s 2024 Budget:

March 9, 2023

BLOG | EDA Celebrates Women’s History Month

Through the end of March, the Economic Development Administration (EDA) joins other Department of Commerce bureaus observing Women’s History Month.

March 9, 2023

U.S. Department of Commerce Invests $2 Million to Support Educational Training for Advanced Manufacturing in Central Wisconsin

WASHINGTON - Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Mid-State Technical College, Wisconsin Rapids, Wisconsin, to support the development of the College’s Advanced Manufacturing, Engineering Technology and Apprenticeship (AMETA) Center.