EDA Staff Published: 3/10/2022 EDA
EDA’s Impact – News from the Economic Development Administration
U.S. Economic Development Administration sent this bulletin at 03/10/2022 10:43 AM EST
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Welcome to the inaugural edition of EDA Impact! This monthly communication will keep you up to speed on the important work we are doing at EDA to support your locally-driven economic development and build a better America.
I look forward to updating you on some of my key engagements and priorities in my quarterly “Castillo’s Column.” Last month, I had the opportunity to get on the road to interact and connect in person with many of our stakeholders and grantees. [Read More]
Alejandra Y. Castillo
Assistant Secretary of Commerce
for Economic Development
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Status of Funds
EDA has received a high volume of applications and interest for its American Rescue Plan programs, and strongly recommends entities contact their local regional office to discuss availability of funds. [Read More]
Impactful Training
EDA provided critical technical assistance to Build Back Better Regional Challenge finalists as they prepare their Phase 2 applications and the information that was shared can be helpful to any community that is working to transform their regional economy, create jobs, or develop an inclusive economic development strategy for growth. [Read More]
STEM Awards
U.S. Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo visited Philadelphia to announce eight grant recipients of the $2 million STEM Talent Challenge. [Read More]
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GOOD JOBS CHALLENGE
509 Applications Recieved
EDA announced it has received 509 applications for the American Rescue Plan Good Jobs Challenge. Applicant partnerships are comprised of State, local, and tribal governments, Institutions of Higher Education, non-profit organizations, and organized labor. EDA is working through a comprehensive technical review of all applications submitted and anticipates announcing approximately 25 to 50 awards in the summer of 2022. [Read More]
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MASSACHUSETTS
Coal Community Gets Second Wind
The town of Somerset is a small, waterfront community in southeastern Massachusetts. For several generations, the town relied on the coal industry as both its main employer and as a key tax generator. Back-to-back closures created a serious economic impact, but the community is about to get its second wind. [Read More]
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WYOMING
Business Support Expanding Statewide
The landscape for entrepreneurs in Wyoming is growing. IMPACT 307, a business incubator program at the University of Wyoming, has helped create and launch more than 200 businesses by connecting clients to resources and support. Now, with a community-focused approach, the program is reaching a broader audience. [Read More]
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GUAM
Building Up Guam’s Workforce
In 2006, when the U.S. Marine Corps made plans to expand its footprint on Guam, one logistical challenge became immediately apparent: the project would require nearly three times more construction workers than were available in the Territory. For leaders in Guam’s construction industry, however, the dilemma was nothing new. [Read More]
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