Innovation & Entrepreneurship

EDA Supports University of California Efforts to Protect America’s Citrus Crop

The commercial production of citrus fruit generates more than $7 billion annually for California’s economy, a contribution credited with supporting tens of thousands of jobs in the Golden State. That vital economic engine, however, is at constant risk from a variety of diseases that have devastated crops in citrus growing regions around the world.

December 8, 2020

Economic Development Districts

Denim to Dairy in Texas: Lamb County’s Road to Revitalization Through EDA Partnership

In 2015, one of the last remaining denim mills in the United States shuttered its doors permanently, leaving 300 workers in Lamb County, Texas, without a job. In an area with nearly 6,000 residents, the loss of the denim mill was devastating to the county and region.

December 3, 2020

Infrastructure

Decades of Growth and Success: EDA and the New Mexico Sandia Science and Technology Park

The Sandia Science and Technology Park (SS&TP) opened its doors in 1998, transforming open desert foothills in southern Albuquerque, New Mexico, into an expansive industrial park focused on high-tech innovation and job growth.

December 1, 2020

Small Business/RLF

EDA’s Revolving Loan Fund Program Helps Bakers Move from Kitchen to Front Office

When the Food Network visited Chico, California’s Upper Crust Bakery and Eatery for a 2019 episode of its popular series “Diners, Drive-Ins and Dives,” viewers got a taste of some of the signature dishes, like black bean chili with jalapeño cheese corn muffin, that have long earned the Upper Crust rave reviews from locals.

November 30, 2020

Innovation & Entrepreneurship

Purdue University Northwest Leverages EDA Innovation Grant to Help Entrepreneurs Manufacture and Bring Products to Market

Michelle Pearson’s idea for an invention came to her in a dream, but the reality of bringing her product to market proved to be a bit more challenging.

Pearson’s invention is an automated communion server, which would automatically dispense the wafer and wine during the Eucharist for Christians in churches, hospitals, nursing homes, and correctional facilities.

November 30, 2020

Infrastructure

Native Village of Napaimute Sets Sail to Greater Prosperity with EDA Grant

For members of the Native Village of Napaimute — an Alaska Native tribe in Western Alaska — the forests of the Yukon–Kuskokwim Delta are not only the heart and hearth of their ancestral home, they are also an important contemporary fixture of the village’s economy. In fact, Napaimute, in the Yup’ik language, literally means “forest people.”

November 2020

Innovation & Entrepreneurship, Manufacturing

Success Story: EDA Innovation Investment Supports Textile Manufacturing in North Carolina

North Carolina has a vibrant history in textile manufacturing, which dates back decades before technological advances such as the high-tech knitting machine.

October 2020

Disaster

EDA Investment Advances Locally-Driven Strategy to Establish Flood-Resilient Business Sites in Viroqua, Wisconsin

The new Viroqua Business District is nearly complete and an agreement was finalized in August to welcome its first new business.

September 2020

Small Business/RLF

Krampade Sports Drink Leverages Revolving Loan Fund to Secure Public/Private Investment for Business Growth

EDA makes Economic Adjustment Assistance (EAA) grant awards to establish Revolving Loan Funds (RLFs) that make loans to businesses that cannot otherwise obtain traditional bank financing. These loans provide access to capital as gap financing that enables small businesses to grow and lead to new employment opportunities with competitive wages and benefits.

August 2020

Economic Development Districts

EDA’s nearly $175 million in Foreign Direct Investment projects in Distressed Communities Attract Investors from Across the Globe

Foreign Direct Investment (FDI) is one of EDA’s main investment priorities and critical to supporting projects that promote and facilitate business investments in the United States.

June 2020