Author: US EDA Staff Published: 1/15/2023 EDA
EDA’s Impact – News from the Economic Development Administration
December 2022
FEATURED
Law Appropriates $1.6 Billion to EDA
President Biden recently signed the Consolidated Appropriations Act, 2023, which appropriates $1.6 billion to EDA for Fiscal Year 2023 programming, administration, and oversight.
The funding will allow EDA to expand its targeted and transformational economic development investments, including funding the Tech Hubs and RECOMPETES Pilot programs, expanding our Build to Scale and STEM Talent Challenges, supporting communities impacted by natural disasters, and expanding our Economic Development Assistance programs. [Read More]
DECEMBER HIGHLIGHTS
U.S. House Testimony
Assistant Secretary Castillo testified before the U.S. House of Representatives Committee on Science, Space and Technology on December 14th. She shared an overview of EDA’s regional innovation programs and place-based economic development strategies. [Read More
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Good Jobs Challenge Collaboration
32 grantees of EDA’s Good Jobs Challenge gathered in Washington, D.C. to focus on collaboration and developing strong workforce systems in their regions. Highlighted by remarks from three Cabinet members and a Fortune 500 CEO, the 2022 Good Jobs Challenge Convening provided grantees with access to experts in the workforce field and opportunities to build connections with each other. [Read More]
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Honoring Native American Heritage Month
The White House, the Department of Commerce and EDA hosted a series of events in honor of Native American Heritage Month, welcoming Tribal leaders to Washington, DC. In conjunction, on December 2nd, EDA conducted the Indigenous Communities Virtual Roundtable, discussing recent EDA investments in Indigenous Communities. [Read More]
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Revolving Loan Fund (RLF) Week
EDA’s Revolving Loan Fund (RLF) program helps support small businesses throughout the country. EDA highlighted operators of EDA-capitalized RLFs and small- and medium-sized businesses that have received loans through the program during RLF Week on social media. The campaign increased visibility of the program and attracted new traffic to EDA. [Read More]
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