Commerce.gov is getting a facelift soon. See the new design.
Syndicate content

Blog Category: Rural economies

Obama Administration Releases New $15 million Federal Funding Opportunity to Strengthen Rural Economies and Create Jobs

EDA Jobs and Innovation Accelerator Challenge Logo

The Obama Administration today announced a $15 million multi-agency Rural Jobs and Innovation Accelerator challenge to spur job creation and economic growth in distressed rural communities. This competition, which is being funded by the U.S. Department of Commerce’s Economic Development Administration (EDA), the U.S. Department of Agriculture (USDA), the Delta Regional Authority (DRA), and the Appalachian Regional Commission (ARC), was designed by the Taskforce for the Advancement of Regional Innovation Clusters and the White House Rural Council.

The Rural Jobs Accelerator Challenge is expected to give out approximately 20 awards, depending on the number of eligible applications. To be eligible for an award, projects must benefit rural communities, but the applicant is not required to be located in a rural area. Nonprofits, higher education institutions, tribes and state and local governments can collaborate to apply for funding. Although businesses are not eligible to apply directly, applicants can also partner with the private sector on implementation.

Prospective applicants should register for a webinar on Tuesday, March 20, 2012, 3:00 – 4:30 p.m. EDT. Read the guidelines for submissions and note the deadline for applications is May 9, 2012. The complete FFO is available on grants.gov.

In addition to the four funding partners the initiative is supported by nine other Federal agencies: Commerce’s U.S. Patent and Trademark Office and National Institute of Standards and Technology Manufacturing Extension Partnership; Denali Commission; U.S. Department of Education; U.S. Department of Labor’s Employment and Training Administration; U.S. Department of Energy; Environmental Protection Agency; U.S. Department of Housing and Urban Development; and the Small Business Administration.

BEA Computes that Rural America Personal Income Did Better than Urban America in 2009

Image of combine in a field (Photo: U.S. Census Bureau)

Guest blog post by Steve Landefeld, Director of Commerce's Bureau of Economic Analysis.

Off the top of your head, it probably seems obvious that the economies of America’s major cities differ structurally and behaviorally from our nation’s nonmetropolitan and rural areas, right? You are correct, indeed! But the really interesting question is, What can you learn about this from the Commerce Department’s Bureau of Economic Analysis?  BEA measures our regional economies in several ways, including GDP by State, GDP by Metropolitan Area, State Personal Income, Metropolitan Area Personal Income and County Personal Income (AKA: Local Area Personal Income).

To understand the differences between the big, metropolitan areas and the rural parts of the country, your best bet is to turn to BEA’s Local Area Personal Income which details earnings in all 3,143 counties in the U.S.

Technically speaking, nonmetropolitan counties are those that are not part of a metropolitan statistical area, or MSA, as defined by the Office of Management and Budget.  Population in these counties is generally less than 50,000 people. There are 2,032 nonmetropolitan counties in the U.S., almost twice the number of metropolitan counties.  Of course, not all nonmetropolitan areas are rural, nor are all rural areas excluded from official designated metropolitan areas.  Another important consideration is commuting patterns, certainly plenty of Americans live in areas which may be rural, but drive into MSAs to work which intertwines these economies. (What, you thought we’d make it that easy?)