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July 27, 2021

New EDA-UEDA Initiative to Strengthen Economic Ecosystem Collaboration in Resiliency and Equity

Research that identifies effective strategies and best practices can play a critical role informing local approaches to economic development. In many cases, however, important learning fails to flow from theory to praxis; the networks needed to move information from academic economist to economic developer are sometimes limited, inefficient, or non-existent.

July 22, 2021

U.S. Secretary of Commerce Gina Raimondo Announces $3 Billion Investment in America’s Communities

WASHINGTON – Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department of Commerce’s Economic Development Administration (EDA) will implement a series...

July 22, 2021

U.S. Department of Commerce Invests $4.9 Million in CARES Act Recovery Assistance to Support Kenosha Innovation Neighborhood Project in Kenosha, Wisconsin

WASHINGTON – Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $4.9 million...

July 22, 2021

U.S. Department of Commerce Invests $2.4 Million in CARES Act Recovery Assistance to Expand Broadband Infrastructure in Washtenaw County, Michigan

WASHINGTON – Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.4 million...

July 22, 2021

U.S. Department of Commerce Invests $1.8 Million in CARES Act Recovery Assistance to Create Revolving Loan Fund for Small Businesses in Cuyahoga County, Ohio

WASHINGTON – Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.8 million...

July 22, 2021

U.S. Department of Commerce Invests $1.1 Million in CARES Act Recovery Assistance to Support the Growth of Advanced Manufacturing, Life Sciences and Technology Sectors in Fall River, Massachusetts

WASHINGTON – Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million...

July 22, 2021

U.S. Department of Commerce Invests $1 Million in CARES Act Recovery Assistance to Create a Workforce Training Facility and Community Center in Española, New Mexico

WASHINGTON – Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1 million CARES...

July 22, 2021

U.S. Department of Commerce Invests $642,500 to Support Growth of Manufacturing Sector in Brunswick, Maine

WASHINGTON – Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $642,500 grant to the Midcoast Regional Redevelopment Authority...

July 20, 2021

U.S. Department of Commerce Invests $3.4 Million to Support Growth of Manufacturing Sector in Hornell, New York

WASHINGTON – Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.4 million...

July 20, 2021

EDA Enlists ILSR and Recast City to Help Maximize Efficiency of Revolving Loan Funds

The 2020 CARES Act catalyzed a major expansion of the Economic Development Administration’s (EDA) successful Revolving Loan Fund (RLF) program. Prior to the onset of the pandemic, EDA’s RLF portfolio boasted a combined capital base of nearly $900 million. The infusion of CARES Act recovery assistance helped grow the portfolio to over $1.5 billion.