On September 3, EDA announced a $2.5 million grant at an event in the city of Marble Falls, Texas, to fund the engineering and design of a new flood-resistant wastewater treatment plant that will increase the city’s capacity to protect businesses from flooding and encourage additional business development. The EDA grant, to be matched with $625,000 in local investment, is expected to retain 750 jobs.
At the event, Joel Frushone, EDA’s Director of External Affairs and Communications, was joined by Congressman Roger Williams (TX-25), Burnet County Judge James Oakley, Marble Falls Mayor John Packer, and Texas Association of Regional Councils Executive Director Ginny Lewis Ford.
On June 16, EDA awarded its first Coronavirus Aid, Relief, and Economic Security (CARES) Act Recovery Assistance grant in the amount of "$400,000 to the Three Rivers Planning & Development District, in Pontotoc, Mississippi. The grant will be used to hire a Disaster Recovery Coordinator, update economic development plans with business and industry leaders, and fortify programs to assist communities in responding to the coronavirus pandemic.
Three Rivers Planning & Development District is one of the more than 850 existing, high-performing EDA Economic Development District, University Center, Tribal, and Revolving Loan Fund (RLF) grant recipients invited to apply for supplemental funding under the CARES Act. As an EDA-designated EDD, Three Rivers helps to lead the locally-based, regionally driven economic development planning process that leverages the involvement of the public, private and non-profit sectors to establish a strategic blueprint for regional collaboration.
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.
In 2019, global FDI stayed at a flat rate at $1.39 trillion, compared to $1.41 trillion in 2018. However, unlike the larger declines in other economies, the United States received consistent FDI between 2018 and 2019, with $251 billion in 2019.1
These estimated numbers reflect that the United States is the largest recipient for FDI in the world, with inflows at least $100 billion greater than those of any other destination market.
The YU Innovation Lab is a faculty and student-led startup accelerator that couples modern innovation with Jewish values and traditions, fostering a culture focused on transforming human insight into business value. YU partners with other labs from Israel and NYC to provide technical assistance and global business opportunities, and already EDA’s investment is having a significant impact.
Report Outlines Best Practices and Features Examples of Community Revitalization Occurring Across the Nation in Opportunity Zones
A White House Opportunity and Revitalization Council (Council) report that was delivered to (PDF) President Donald J. Trump this month outlining Opportunity Zone best practices and examples of revitalization occurring across America prominently features policy actions and grants made by the Economic Development Administration (EDA) that are generating investment in Opportunity Zones.
On May 7, the Economic Development Administration (EDA) began accepting applications for our CARES Act Recovery Assistance funding opportunities.
The $1.5 billion in Economic Adjustment Assistance funds made available to EDA to help communities prevent, prepare for, and respond to the coronavirus pandemic are authorized under the $2 trillion CARES Act signed into law by President Donald J. Trump on March 27.
Since releasing our CARES Act Recovery Assistance Notice of Funding Opportunity, EDA has invited more than 850 existing, high-performing Economic Development Districts (EDD), University Centers, Tribal Groups, and Revolving Loan Fund (RLF) grant recipients to apply for non-competitive supplemental funding to conduct assessments to fortify programs to assist communities in responding to the pandemic.
EDA is now accepting applications from eligible grantees for $1.5 billion in economic assistance to help communities prevent, prepare for, and respond to the COVID-19 pandemic using funds authorized by under the CARES Act that was signed into law by President Donald J. Trump on March 27.
Led by Innovation Hub Executive Director Tom Wavering and Dr. Yacoub Al Sakka, director of digital technologies in the OU College of Dentistry, OU's For Oklahoma Covid-19 Task Force is comprised of more than 40 individuals. Together across three campuses, they are combining their expertise to develop, prototype, validate and offer recommended essential equipment designs.