Jump to main content.

Success Stories (Cont.)

Archives: Disaster | Economic Development Districts | Infrastructure | Innovation and Entrepreneurship | Manufacturing | Small Business Development/RLF | Workforce Development

Workforce Development

TruFund Accelerates Innovative Programs in Louisiana

The Economic Development Administration (EDA) awarded TruFund Financial a $500,000 EDA funded/$500,000 match grant in 2014 to assist with small business development and growth in Louisiana.

August 2016

TruFund supports minority and women owned contractors.

Innovation & Entrepreneurship

Innovation Hub at the University of Florida

Florida began investing heavily in a more disaster-resistant “innovation economy” a decade ago as a necessary transition from a traditional dependence on population-dependent industries such as tourism, construction and real estate.

June 2016

ATRC logo

Small Business Development/RLF

Trinity Hotel, Carlsbad, New Mexico

In Carlsbad, New Mexico some local developers saw opportunity in an old, historic bank building. This fantastic old building was opened as the community’s First National Bank in January of 1891 during Carlsbad’s pioneer days to accommodate the new town’s growing agricultural & business community and has a rich history.

June 2016

Trinity Hotel in Carlsbad, NM

Small Business Development/RLF

Kreinik Manufacturing Company, Parkersburg, West Virginia

The entire economy in the small town of Parkersburg, West Virginia is built on small businesses. Kreinik Manufacturing Company creates small textile embellishments and decorations. Demand was growing for these expertly crafted items, and the owners needed some new spooling equipment and computer upgrades to meet demand.

June 2016

Kreinik Manufacturing Company, Parkersburg, West Virginia

Small Business Development/RLF

Innovative Senior Solutions, Cordele, Georgia

In September 2010, two registered nurses, Eshonda Blue and Jessica Wright, approached the River Valley Area Development Corporation for financing of an Adult Day Care Home (ADCH) to be located in Cordele, Georgia. Innovative Senior Solutions (ISS) received an $18,750.00 loan through the EDA Revolving Loan Fund (RLF) and the company injected $6,250.00.

June 2016

Eshonda Blue and Jessica Wright

Small Business Development/RLF

Hardware Hank, Ortonville, Minnesota

Bob and Sue Kulbeik wanted to open a hardware store in their town of Ortonville, Minnesota but lacked the capital. They sought funding from the Upper Minnesota Valley Regional Development Commission and other lenders to get the business going. They received a $66,000 Revolving Loan Fund (RLF) and were able to open Hardware Hank, which provides products for painting, plumbing, electrical, and basic hardware. The business created 5 jobs in the community.

June 2016

Hardware Hank store front

Economic Development Districts

Alabama Tombigbee Regional Commission Helps to Drive Critical FDI to Rural Wilcox County, Alabama

Devastating tornadoes that struck rural Wilcox County, Alabama in 2011 resulted in the loss of lives and permanent jobs when production in the region’s critical timber and paper production sectors was forced to cease for a number of weeks.

April 2016

ATRC logo

Innovation & Entrepreneurship

Ben Franklin Technology Partners: Growth Breeds Success for Entrepreneurs

Ben Franklin once said, "Without continual growth and progress, such words as improvement, achievement, and success have no meaning." It’s therefore fitting that an institution bearing his name, Ben Franklin Technology Partners (BFTP), has taken those words to heart.

November 2015

Ben Franklin Technology PArtners logo

Disaster, Infrastructure

Raise The Road

Albert Einstein once said that “No problem can be solved from the same level of consciousness that created it.” The same wisdom can be applied when it comes to repairing flood damage to a road that has been built in the path of a flood plain.

September 2015

Images of the flooding and damage caused by floods on Highway 169 in Minnesota

Workforce Development

A Training Center of Their Own

If you create a job and no one has the skills needed to fill it, did you really create a job? Workforce development must be a critical focus of all economic development organizations. It’s imperative that workers receive training that matches the needs of employers. In 2000, the town of New Braunfels, Texas, was faced with a problem. The town wanted to attract new industries, but their existing businesses were expressing concerns about the lack of skilled workers to meet their current and future needs.

July 2015

Trinity Hotel in Carlsbad, NM
Resource Directory Disaster Recovery Annual Reports Stay Connected
(Subscribe to EDA's monthly e-newsletter)

Facebook icon Twitter icon LinkedIn icon YouTube icon