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Aurhtor: US EDA Staff       Published: 12/7/2022       EDA

IMPACT_Masthead REV

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FEATURED

EDA                                                     NATIONAL

Economic Recovery Corp Placing Fellows in Communities

The U.S. Department of Commerce is launching the first of its kind Economic Recovery Corps (ERC) with a $30 million CARES Act investment.

The International Economic Development Council (IEDC) is leading a coalition of organizations to establish and operate the national program, which will recruit and place at least 65 fellows in economic development organizations in underserved communities across the nation.

Fellows will provide technical assistance, enabling underserved communities to better access funding and participate in economic development initiatives. [Read More]

NOVEMBER HIGHLIGHTS

Travel and Tourism Assessment

EDA’s has tapped two organizations to develop and lead a robust research program to assess the effectiveness of EDA’s travel, tourism, and outdoor recreation investments and identify best practices for future visitor-based economic development. [Read More]

Indigenous Community Resources and Research

A $1.5 million grant to Urban Institute, in partnership with the National American Indian Housing Council, will develop resources and research to enhance the process of Indigenous-focused grantmaking. [Read More]

Cooperation and Collaboration for RLF Operators

EDA’s Revolving Loan Funds (RLF) program provides a critical source of gap financing to businesses that have had challenges accessing capital. A new initiative is set to provide enhanced opportunities for cooperation and collaboration among EDA’s nationwide network of approximately 400 RLF operators. [Read More]

Supporting Partnerships Through ACE Ecuador

Assistant Secretary Alejandra Y. Castillo traveled to Ecuador to participate in the 15th convening of the Americas Competitiveness Exchange (ACE). The week-long event brought together senior-level government, business, policy, and economic decision-makers. [Read More]

Celebrating Native American Heritage Month

During the month of November, EDA joined other Department of Commerce bureaus in celebrating National Native American Heritage Month. EDA is committed to ensuring the promise of American prosperity is equitably realized through strategic investments designed to overcome systemic inequities and create good-paying jobs in the United States’ Native American and Alaskan Native communities. [Read More]

IN OUR COMMUNITIES

paradise1

CALIFORNIA

Rebuilding After Devastation

After suffering tremendous devastation in the 2018 Camp Fire, town leaders in Paradise, California, began outlining their vision to restore the town. A $1.8 million EDA investment supported planning and development of a master plan to guide recovery, which officials’ credit with helping them to secure a $200 million grant awarded from the U.S. Department of Housing and Urban Development.   [Read More]

California RLF

CALIFORNIA

Supporting Small Businesses

An EDA-capitalized Revolving Loan Fund (RLF) is providing support to small businesses in Northern California. California Capital provides loans to more than 30 different companies, ranging from an auto towing business to e-commerce and manufacturing. In Sacramento, California, one business is serving children and adults with developmental disabilities and mental illness thanks to California Capital. [Read More]

KU

KANSAS

Boosting Biotech

Lawrence, Kansas, is already the default center point on Google Earth. Now, with EDA support, it will also serve as the center of bioscience and technology in the state. This summer, officials held the grand opening for Phase III of KU Innovation Park, a 66,000 square foot building filled with wet-lab and office space. [Read More]

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