U.S. Economic Development Administration Investments Help Communities Across the Nation Boost Manufacturing Capacity
Manufacturing is an important component of the United States economy and one of the Economic Development Administration (EDA)'s top investment priorities. EDA is proud to support community-led manufacturing strategies throughout the country through strategic investments. Over the past five years, EDA has invested more than $930 million in more than 700 projects that support manufacturing.
EDA Updates Regulations to Make Grants More Accessible to Native American Communities
The Economic Development Administration (EDA), which helps facilitate regional economic growth in communities across the country, announced today that it has updated its regulations to create greater opportunities for Native American Communities to participate in its grant programs.
EDA Continues to Support the Caribbean Following the Devastating 2017 Hurricane Season
Today, September 20, marks the fourth anniversary of Hurricane Maria. EDA continues to keep those effected by the storm in our thoughts and prayers and we are proud of our continued support of economic recovery and resilience strategies in Puerto Rico and the U.S. Virgin Islands.
National Advisory Council on Innovation and Entrepreneurship (NACIE) Seeking Applicants
The U.S. Department of Commerce is seeking applicants for the National Advisory Council on Innovation and Entrepreneurship (NACIE). NACIE advises the U.S. Secretary of Commerce on how the federal government can best accelerate innovation and catalyze technology entrepreneurship to grow economic prosperity equitably. The deadline to apply is 5:00 p.m. Eastern Daylight Time (EDT) on October 25, 2021.
Assistant Secretary Alejandra Castillo Delivers Keynote Address to Southwest Region Economic Development Association 2021 Annual Conference; Star of the Southwest Awardees Recognized
U.S. Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo today delivered virtually the keynote address to the Southwest Region Economic Development Association (SWREDA) 2021 annual conference. Held from September 1-3, 2021 in Rogers, Arkansas, the theme of the 2021 annual conference is Collaboration: The Key to Resilience.
10 EDA American Rescue Plan Webinars Generate Record-Setting Levels of Engagement from Communities Across the Country
On July 22, 2021, U.S. Secretary of Commerce Gina M. Raimondo announced the implementation of a series of programs to equitably invest $3 billion that the Economic Development Administration (EDA) received under President Biden's American Rescue Plan Act to help communities across the country build back better.
Americas Competitive Exchange (ACE) Brings Global Leaders to Colorado
America's Competitiveness Exchange (ACE) Colorado, held August 1-6, 2021, brought together more than 40 global leaders representing 11 countries and multiple international organizations to share economic development best practices and explore opportunities for partnerships.
Alejandra Castillo Sworn in as U.S. Assistant Secretary of Commerce for Economic Development
EDA is pleased to welcome our new Assistant Secretary Alejandra Y. Castillo!
On August 13, Ms. Castillo was sworn in as U.S. Assistant Secretary of Commerce for Economic Development by Secretary of Commerce Gina M. Raimondo. The action follows the unanimous U.S. Senate vote on August 11 to confirm Castillo as the new administrator of EDA.
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.
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.