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January 20, 2022

U.S. Department of Commerce Invests $3 Million in CARES Act Recovery Assistance to Capitalize Revolving Loan Fund to Serve Small Businesses in South Central Louisiana

WASHINGTON – Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million CARES Act Recovery Assistance grant to the South Central Planning and Development Commission, Houma, Louisiana, to capitalize and administer a Revolving Loan Fund.
  • Press Release
  • CARES Act
January 18, 2022

EDA Seeks Proposals to Lead Long-Term Community of Practice for ‘Build Back Better Regional Challenge’ Finalists

EDA is building a long-term Community of Practice for the 60 “Build Back Better Regional Challenge” (BBBRC) finalists. As part of this effort, EDA is now accepting applications for an organization to lead an action-oriented, four-year Community of Practice that incentivizes regional coalition members to execute their bold regional economic development goals. 
  • Blog
January 7, 2022

EDA Announces Build Back Better Community of Practice Grant to a Partnership of the National League of Cities, America Achieves, Drexel University, and the Federation of American Scientists

In December 2021, U.S. Secretary of Commerce Gina Raimondo announced the 60 finalists of the Economic Development Administration’s (EDA) Build Back Better Regional Challenge. The transformative, $1 billion investment in American innovation aims to develop and strengthen regional industry clusters across the country, all while embracing economic equity, creating good-paying jobs, and enhancing U.S. competitiveness globally.
  • Blog
January 6, 2022

U.S. Department of Commerce Invests $3 Million to Establish a Diesel Mechanics Training Facility in Lewistown, Pennsylvania

WASHINGTON – Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the Mifflin County Academy of Science and Technology, Lewistown, Pennsylvania, to establish a diesel mechanics and heavy equipment operator training facility and diversify the local economy.
  • Press Release
December 30, 2021

U.S. Economic Development Administration Top 5 Accomplishments of 2021

1. In April, EDA updated its investment priorities, which provide an overarching framework to ensure that its investment portfolio – ranging from planning to infrastructure construction - contributes to local efforts to build, improve, or better leverage economic assets that allow businesses to succeed and regional economies to prosper and become more resilient. Notably, ‘Equity’ was added to the top of EDA’s investment priority list. EDA is committed to working with populations and underserved communities that have been denied a full opportunity to participate in aspects of economic prosperity in the past.
  • Blog