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Blog Category: Economic Development Administration

U.S. EDA Supports Downtown Business HUB in California’s San Joaquin Valley

Image of video clip showing Guevara

Guest blog by Thomas Guevara, Deputy Assistant Secretary for Regional Affairs, U.S. Economic Development Administration

On June 7, 2011, I was honored to join U.S. Congressman and Chairman of the House Transportation and Infrastructure Committee, Subcommittee on Economic Development, Public Buildings and Emergency Management Jeff Denham (CA-19), Fresno Mayor Ashley Swearengin, and Fresno Area Chamber of Commerce President & CEO Dora Westerlund for the ribbon-cutting for the Fresno Area Hispanic Foundation’s Downtown Business HUB (DBH). The innovative business incubator facility located in Fresno, California will provide local entrepreneurs of various ethnicities the opportunity to develop and grow their ideas for new products and services to create the economy of the future.

EDA Helps Launch Jobs and Innovation Accelerator Challenge to Promote Regional Growth, Competitiveness

Unprecedented initiative leverages resources of 16 federal agencies to create jobs and economic prosperity

UPDATE: Read Gene Sperling and Ginger Lew's post on this subject on the White House blog.

The Commerce Department’s Economic Development Administration (EDA), along with 15 other federal agencies within the Obama Administration, today announced a $33 million Jobs and Innovation Accelerator Challenge to drive innovation-fueled job creation and global competitiveness through public-private partnerships in at least 20 regions around the country. 

The Challenge will award funds to regions with high-growth industries that support a wide range of economic and workforce development activities.

The Department of Labor’s Employment and Training Administration will invest up to $20 million for technical skills training; EDA will invest up to $10 million in Economic Adjustment Assistance funds; and the Small Business Administration will invest up to $3 million in technical assistance. 

The Obama administration is committed to smarter use of existing federal resources to foster regional innovation in support of sustainable economic prosperity. Strong industry clusters – like the Research Triangle in North Carolina or Silicon Valley in California – promote robust economic ecosystems and the development of a skilled workforce, both of which are critical to long-term regional success.

“Regional innovation clusters bring together the knowledge and financial resources that America needs to compete in the global economy,” said NationalEconomic Council Director Gene Sperling. “The Jobs and Innovation Accelerator Challenge will help regional innovation clusters produce the nextgeneration of innovative products and drive sustainable economic growth and job creation.”

The deadline to apply to the Jobs and Innovation Accelerator Challenge is July 7, 2011. Details about the application process are available here.

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

Commerce Department Wraps Up Trade & Investment Program to Hannover, Germany with Promising Business Leads for Participating Economic Development Organizations

Guest Blog Post by Brian McGowan, Deputy Assistant Secretary of Commerce for Economic Development.

I’m excited to report that it was a very productive and successful five days for the 21 organizations that joined the U.S. Department of Commerce last week for an exciting exporting opportunity. The U.S. Economic Development Administration (EDA)/International Trade Administration (ITA) Trade & Investment Program to Hannover Messe 2011 ended on Friday with promising leads for U.S. economic development organizations (EDOs) pursuing potential foreign investors and trading partners.

The program is the product of a unique partnership formed by EDA and ITA and its U.S. Commercial Service (USCS) and Invest In America (IIA) programs. This type of interagency collaboration is very important as we work together to increase the global competitiveness of America’s regions. The mission aimed to promote the Obama Administration's National Export Initiative (NEI) and attract Foreign Direct Investment (FDI) to the United States. 

In total, our participating EDO’s held more than 400 meetings with potential foreign investors.  These connections are the first step in building relationships that can support regional growth and help create new jobs here at home.

United States Department of Commerce Plan for Orderly Shutdown Due to Lapse of Congressional Appropriations

This blog post is about an older plan. The United States Department of Commerce Plan for Orderly Shutdown Due to Lapse of Congressional Appropriations at the end of FY 2013 is available here.

The current FY 2011 Continuing Resolution may expire without new budget authority. While it is not anticipated that there will be a lapse in appropriations, the Department must be prepared for a potential lapse in funding that would necessitate a significant reduction in operations.

Prior to a potential lapse in funding, the Office of Management and Budget (OMB) requires the Department to submit a draft plan for agency operations in the absence of appropriations (a "shutdown plan"). This plan will likely be modified with additional guidance from the Office of Personnel Management and OMB, as the situation develops, and may be changed by the Department, as circumstances warrant.

This plan complies with the guidance provided by the Office of Management and Budget, the Department of Justice and the Department of Commerce.

Files

Hannover Messe 2011, Why We're Here

Trevor Hamilton, Vice President of Economic Development & Chief Economic Development Officer, Chattanooga, Tennessee and Michael M. Philpot, Executive Director, West Tennessee Industrial Association, Jackson, Tennessee talk about the EDA/ITA Trade and Investment Program to Hannover, Germany. Hamilton and Philpot are both economic developers attending Hannover Messe 2011 to look for investment opportunities for their regions. By participating in a trade show as globally significant as Hannover Messe, with the help of the Trade and Investment Program, they are able to promote their communities to foreign markets in a way that they couldn't with their normal resources. 

Economic Development Organizations from Across the Nation Work to Create New Jobs at Hannover Messe 2011

U.S. Ambassador to Germany Philip Murphy and Deputy Assistant Secretary of Commerce for Economic Development Brian McGowan open the Invest in America Pavilion at Hannover Messe 2011.

Guest Blog Post by Brian McGowan, Deputy Assistant Secretary of Commerce for Economic Development.

21 Economic Development Organization’s (EDOs) from across the nation are working today to create new jobs in their regions by participating in the U.S. Trade & Investment Program to HANNOVER MESSE 2011, the world's largest industrial technology showcase. The event runs from April 4-8, 2011 in Hannover, Germany.

The purpose of the program is to promote the Obama administration's National Export Initiative (NEI) as well as to attract Foreign Direct Investment (FDI) in the U.S. By leading regional business clusters abroad, the Department of Commerce is aiding communities in promoting their regions as ideal locations to do business.

The program is the product of a unique partnership formed by the Commerce Department’s Economic Development Administration (EDA) and the International Trade Administration’s U.S. Commercial Service (USCS), and Invest In America (IIA) programs. 

EDA Awards Christian Evangelistic Economic Development Grant That Will Make Entrepreneurial Dreams Come True for Many in Pittsburgh Region

The U.S. Commerce Department’s Economic Development Administration (EDA) announced a $300,000 grant to Christian Evangelistic Economic Development (CEED) of Pittsburgh, Pa., to provide technical assistance to economically distressed microenterprises in the Pittsburgh region.

“Providing technical assistance to enthusiastic entrepreneurs ready to achieve the American Dream and strengthen local economies is a key component of Christian Evangelistic Economic Development efforts. Already, efforts have seen the creation of a number of successful neighborhood businesses and its expansion will provide opportunity to 75 new microbusinesses,” said Rufus Idris, Executive Director of the Christian Evangelistic Economic Development.
 
This project, an example of the important partnership between the federal government and faith-based organizations, is expected to facilitate the creation of new jobs and generate private investment in microenterprises that are a key building block in the repositioning of challenged areas.

The EDA investment will support local efforts to address the challenges faced by start-up and existing underserved and disadvantaged entrepreneurs, by providing pragmatic technical assistance to immigrant-owned, refugee-owned, minority-owned, veteran-owned, microenterprises in the Pittsburgh region. Assistance may include business review and planning, training and counseling, market analysis, current business technology, and on-going mentoring, case management and capacity building.

Commerce Center for Faith-based and Neighborhood Partnerships works to engage community groups in the national economic development process by promoting awareness of funding opportunities in order to ensure faith-based community groups, such as Christian Evangelistic Economic Development can play a role in helping to increase competitiveness.

Commerce Department to Deploy Economic Assessment Teams to Six Northeast Fishing Ports

The U.S. Commerce Department announced today that economic development assessment teams will deploy next month to conduct a two-day analysis of six Northeast fishing communities. The teams will visit Portland, Maine, Seabrook, N.H., New Bedford, Mass., Gloucester, Mass., Point Judith, R.I., and Montauk, N.Y. The assessment teams will conduct meetings with local leaders to help identify economic development challenges and opportunities facing local industries and communities. 

“The Department of Commerce is committed to supporting a vibrant and profitable fishing industry in the United States. The assessment teams will help communities identify and begin to address the economic difficulties they are facing,” Commerce Secretary Gary Locke said. “We know that by rebuilding stocks, we will improve economic conditions for fishermen and coastal communities, but we recognize that transition is difficult. We are committed to help identify proactive solutions during these challenging economic times.”

“Supporting fishermen and fishing communities with economic assessment and planning assistance is a top priority for the Department of Commerce and the administration,” said Brian McGowan, Deputy Assistant Secretary of Commerce for Economic Development. “The Northeast economic development assessment teams will play an important role in providing technical expertise to local leaders as they develop strategies to increase economic and job opportunities.”

The goal of the visits is to provide customized technical assistance for fishing communities that experienced  reductions in groundfish fishing revenues in recent years.  The Economic Development Administration (EDA), in partnership with other federal agencies, will meet with local leaders to assess current and emerging economic issues. EDA, with the assistance of the U.S. Commerce Department’s National Oceanic and Atmospheric Administration (NOAA), evaluated economic and fisheries industry data, including groundfish landing revenues and the percentage of groundfish landed at a port relative to the state totals, in order to select ports for the interagency assessments.