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February 6, 2024

U.S. Department of Commerce Invests $7 Million to Support Healthcare Workforce Training and Business Growth Efforts in Arkansas

WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is investing $7 million in the state of Arkansas. These investments will support healthcare workforce development and critical infrastructure improvements to support current and future business needs.

January 25, 2024

U.S. Department of Commerce Invests $2.3 Million to Support Boatyard Modernization at the Port of Port Townsend, Washington

WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.3 million grant to the Port of Port Townsend, Washington, to support the acquisition of critical maritime infrastructure needed to expand port operations.

January 25, 2024

U.S. Department of Commerce Invests $3.1 Million to Support Economic Growth in Iberia Parish, Louisiana

WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3.1 million grant to Sewerage District No. 1 of Iberia Parish, New Iberia, Louisiana, for wastewater infrastructure improvements to support business and research growth in the Acadiana region.

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 23, 2024

U.S. Department of Commerce Invests $1.2 Million to Support Tribal Disaster Planning in Southwest Washington State

WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.2 million grant to the Shoalwater Bay Indian Tribe, Tokeland, Washington, to prepare local infrastructure for natural disasters.

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.