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Blog Category: EDA Assistant Secretary for Economic Development John R. Fernandez

Acting Secretary Blank Encourages Innovation in Green Energy Technologies

Acting U.S. Commerce Secretary Rebecca Blank delivered the keynote address at a green energy conference today hosted by Commerce’s United States Patent and Trademark Office (USPTO), the Economic Development Administration (EDA), the Brookings Institution and the Clean Energy Group at USPTO headquarters in Alexandria, Virginia. The conference was held for policy makers from federal, state, and foreign governments, and industry and academia. Under Secretary of Commerce for Intellectual Property and Director of the USPTO David Kappos, EDA Assistant Secretary of Commerce for Economic Development John Fernandez and Connecticut Gov. Dannel Malloy also participated.

In her remarks, Blank focused on issues facing clean energy development today and ways to overcome obstacles through more strategic state and federal policy. Blank highlighted efforts by Obama administration initiatives aimed at creating jobs, increasing exports and securing America’s energy future. Topics at the forum included technology transfer and commercialization, public investment, procurement and policy, federal and state economic support for clean energy industries, and international collaboration on clean energy technologies.  Remarks

Largest-ever EDA Grant Helps To Revitalize Downtown Cedar Rapids & Create Jobs Following Iowa Floods

Acting Secretary Rebecca Blank and Other Officials Break Ground on the Cedar Rapids Convention Center

Acting U.S. Commerce Secretary Rebecca Blank joined U.S. Rep. Dave Loebsack, Mayor Ron Corbett and U.S. Assistant Secretary of Commerce for Economic Development John Fernandez in Cedar Rapids, Iowa, this week to see how federal funds are making a difference following historic floods that ravaged the city and its economy in 2008.

With the help of a $35 million grant–the largest Commerce’s Economic Development Administration (EDA) has ever awarded –the city is building a new $75.6 million Convention Complex that will serve as a major catalyst for further economic development and investment in the city–creating hundreds of jobs and leveraging millions in private investment. The 435,000 sq. ft. complex will be the second-largest convention and events center in the state upon its completion in the spring of 2013.

Iowa continues to recover from the economic impact of the floods, which interrupted major manufacturing operations, devastated downtown commercial districts, and damaged or destroyed public infrastructure. The Obama administration continues to invest in rebuilding efforts to strengthen local economies across Iowa. More than $1 billion in federal assistance has been awarded to the state to support flood recovery efforts.

Prior to a groundbreaking ceremony for the complex, Blank and Fernandez visited Ovation Networks, a local wireless technology company that was displaced by the flooding in downtown Cedar Rapids. There they announced a new $2.9 million grant to the East Central Iowa Council of Governments to provide additional business assistance and gap financing to companies still recovering from the floods. Three years ago, the Council received $1.5 million from EDA, which they used to assist local businesses like Ovation Networks to rebuild and return to the downtown area.  |  Release  |  Convention Center remarks  |  Ovation Networks remarks 

EDA Promotes Economic and Job Growth in Rural America

August 24, 2011 - U.S. Assistant Secretary of Commerce for Economic Development John Fernandez, Federal Co-Chairman of the Delta Regional Authority Chris Masingill and Doug O'Brien, Deputy Under Secretary for Rural Development at the U.S. Department of Agriculture, participate in White House Rural Council Roundtable in Pine Bluff, AR.

Guest Blog by John Fernandez, Assistant Secretary for Economic Development.

President Obama has taken significant steps to improve the lives of rural Americans and has provided broad support for rural communities. He signed an Executive Order in June establishing the first White House Rural Council. The Administration has also set goals of modernizing infrastructure by providing broadband access to 10 million Americans, expanding educational opportunities for students in rural areas, providing affordable health care, promoting innovation and expanding the production of renewable energy.  

Last week, as part of his three day bus tour, President Obama stopped in Peosta, Iowa to participate in the White House Rural Economic Forum, which brought together farmers, small business owners, private sector leaders, rural organizations, and government officials to discuss ideas and initiatives to accelerate hiring and spur innovation in rural America. The President has also announced a series of initiatives that leverage existing programs and funding to help small businesses and meet the critical needs in rural communities. In the coming weeks, the President will put forth additional proposals that will help put people back to work and give the middle class greater economic security. Promoting economic and job growth in rural communities is central to these goals.

The U.S. Commerce Department’s Economic Development Administration (EDA) has been investing to strengthen rural economic ecosystems for over four decades. Earlier this week, I traveled to Louisiana, Tennessee and Arkansas with Federal Co-Chairman of the Delta Regional Authority (DRA) Chris Masingill and Doug O'Brien, Deputy Under Secretary for Rural Development at the U.S. Department of Agriculture to conduct project site visits and participate in White House Rural Council Roundtables in Houma and Bastrop, LA as well as Pine Bluff, AR. We heard from stakeholders in the region about how the federal government has and can be a better partner as we invest in rural economies.

On August 26, 2011, EDA will host a webinar to discuss best practices to promote rural small business development. White House Rural Council members Chris Masingill of DRA and Federal Co-Chairman of the Appalachian Regional Commission (ARC) Earl Gohl will share best practices and successes with close to 400 participants.

Winning the Future in Detroit: Public-Private Partnerships Advance Economic Transformation

Members of the Detroit Regional Chamber pictured meeting with Fernandez and Baruah

Guest blog post by John Fernandez, U.S Assistant Secretary of Commerce for Economic Development, Department of Commerce's Economic Development Administration

Last week, I had the pleasure of visiting Detroit, Mich., to see firsthand how close collaboration between the public and private sectors is working to transform the region’s economy and create the businesses and jobs of the future.  I was pleased to be joined by Sandy Baruah, President and CEO of the Detroit Regional Chamber and also my predecessor at the U.S. Department of Commerce during the Bush administration. 

The trip was a great opportunity to witness how the economic landscape in America’s "Motor City" is being transformed, particularly around the emerging and robust information technology and robotics cluster, which is thriving due to the city’s skilled talent pool, affordable retail opportunities and urban attractions such as the Fox Theater and Detroit Opera House.

There is something positive in the air in Detroit and the local economy is reaping the benefits. From the mayor, to members of Congress, to business leaders, to community stakeholders—there is a shared commitment to strengthen the city and create new jobs. Vibrant public-private partnerships are being leveraged and driving growth.

Obama Administration’s Strong Cities, Strong Communities Initiative Strengthens Local Capacity to Help Spark Economic Growth

Guest blog post by John Fernandez, Assistant Secretary for Economic Development, Economic Development Administration

Mayors across the country are working hard to strengthen local economic ecosystems, given the economic challenges cities face today.

As a former Mayor myself, I understand those challenges–How do we create more jobs? How do we attract new businesses? How do we enhance our workforce? And equally as important, how do we leverage the state and federal resources that may be available to help us achieve our economic goals and objectives?

The Obama administration understands these challenges and knows that cities play a vital role in strengthening our nation’s economy.  

We are finding ways to be a better partner, and that is why today the administration launched the Strong Cities, Strong Communities (SC2) initiative in Fresno, Calif., and five other cities: Chester, Pa.; Cleveland, Ohio; Detroit, Mich.; Memphis, Tenn.; and New Orleans, La.

We know that development happens from the bottom up - that the best ideas come from America’s communities. Whether investment comes from the federal government, states, the private sector, or ideally all of the above, resources do more good when they serve a well-developed, robust plan.

In Fresno, for example, this bottom up approach will help the region capitalize on the coming high-speed rail station to improve the downtown area and to build on a successful neighborhood development program to help create new economic opportunity and jobs.

We can’t have a strong national economy without strong cities. The 14 federal agencies participating in this effort are working to break down traditional Washington silos and identify ways to partner more effectively with cities and regions across the country.

This is an important initiative that will help to support cities across the nation, create a new framework for intergovernmental cooperation and strengthen the American economy.

Assistant Secretary Fernandez To Mayors: "Manufacturing Goes Hand-in-Hand with Innovation"

Assistant Secretary Fernandez Tells Mayor's "manufacturing goes hand in hand with innovation"

Guest Blog by John Fernandez, Assistant Secretary for Economic Development.

I had the pleasure of addressing the National Conference of Black Mayors 2011 Legislative Policy Summit in Washington, D.C. today. I focused on what the Obama administration is doing to grow local economic ecosystems and help create jobs, particularly in manufacturing.

The summit of almost 40 mayors from across the nation was a great opportunity for intergovernmental collaboration and provided an excellent platform to share best practices and discuss the challenges of creating jobs and increasing competitiveness. 

As a former mayor myself, I understood the pressing issues facing these leaders. They are the same issues the Obama administration is aggressively tackling at the federal level. And they all boil down to creating more jobs, particularly in manufacturing.

The manufacturing sector currently employs over 11 million Americans, providing good-paying jobs for millions of families. Preparing Americans to enter into the manufacturing sector will not only strengthen the economy and put folks back to work, it’s critical to our nation’s success as we compete in a 21st century global economy. 

Commerce’s EDA Partners with Fraunhofer USA, Boston City Leaders to Build Sustainable Energy Research and Innovation Center

U.S. Assistant Secretary John Fernandez with Mayor Thomas Menino, Fraunhofer USA, and local leaders at the groundbreaking of the $19.5 million Fraunhofer Center for Sustainable Energy Systems in Boston’s Innovation District.

U.S. Assistant Secretary of Commerce for Economic Development John Fernandez was in Boston this week with Mayor Thomas Menino for the groundbreaking of the Fraunhofer Center for Sustainable Energy Systems, a sustainable energy research and building innovation center at 5 Channel Center in Boston's Innovation District. The 50,000-square-foot facility will support area entrepreneurs and advance the commercialization of sustainable energy technologies and next-generation building efficiency systems.

Commerce’s Economic Development Administration awarded $3.5 million to Fraunhofer USA in 2009 to support the project, which is expected to create an estimated 180 jobs and generate $30 million in private investment. The applied research facility and building technology showcase will serve as a unique factory of innovation in support of established companies and startups that are developing and demonstrating the next generation of energy efficiency technologies.

Boston city leaders hope the Center will become a living laboratory, attracting building technology pacesetters from around the country and the international business community to demonstrate the future of sustainable buildings. The project serves as an innovation platform for collaborative research and development activities in the region, as well as an enduring pipeline for new technologies and startup companies.

“The U.S. Commerce Department's Economic Development Administration is pleased to work with Mayor Thomas Menino, Fraunhofer USA and local leaders to help build the $20 million Center for Sustainable Energy Systems, which will serve as a catalyst for job and economic growth in the region,” Fernandez said. “This smart investment to advance the development of the 5 Channel Center and commercialize sustainable energy technologies and next-generation building efficiency systems will provide a much needed boost to the local economic ecosystem as new businesses are attracted to the community.”

Commerce’s EDA Launches New Website to Accelerate Regional Innovation

The Commerce Department’s Economic Development Administration (EDA) today announced the launch of a new website designed to connect Venture Development Organizations (VDOs) in America’s regions to accelerate economic development efforts that promote growth and job creation. The Regional Innovation Acceleration Network (RIAN) will bring VDOs together to share best practices and leverage resources that will strengthen regional economic ecosystems. 

Speaking at the U.S. Economic Development Administration’s (EDA) Southwest Region Conference on Innovation and Entrepreneurship in Albuquerque, N.M., Assistant Secretary of Commerce for Economic Development John Fernandez made the announcement, noting “The Regional Innovation Acceleration Network builds on President Obama’s national innovation agenda by bringing Venture Development Organizations within America’s regions together to help increase business development and competitiveness.  Across the nation, these organizations are helping to grow local economies and create jobs, and this new network will enhance their impact and efficiency.”  EDA press release