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Blog Category: Economic Development Administration

EDA Announces Competition to Bring Innovative Ideas to Market

The i6 Challenge Logo

The i6 Challenge is a new $12 million innovation competition administered by the Economic Development Administration (EDA) of the U.S. Department of Commerce, in partnership with the National Institutes of Health (NIH) and National Science Foundation (NSF). EDA will award up to $1 million to each of six winning teams with the most innovative ideas to drive technology commercialization and entrepreneurship in their regions. NIH and NSF will award a total of up to $6 million in supplemental funding to their SBIR grantees that are associated or partnered with the winning teams. (More) (Press release—PDF)

Commerce Department Grant Advances President Obama's Commitment to Creating Jobs, Strengthening Economy in Central Florida

EDA seal.

U.S. Commerce Secretary Gary Locke announced a $2 million Economic Development Administration (EDA) grant to the Titusville-Cocoa Airport Authority of Titusville, Florida, to assist in the expansion of the Bristow Academy, a major helicopter pilot training facility, and create new Central Florida aerospace sector jobs. The project is expected to save 155 jobs, create 97 jobs and generate $2 million in private investment, according to grantee estimates. (More)

Deputy Secretary Hightower Joins Vice President Biden in Pennsylvania for Groundbreaking of ARRA Project

Hightower on podium with Biden and others behind. Click for larger image.

U.S. Deputy Secretary of Commerce Dennis Hightower joined Vice President Joe Biden to kick off the groundbreaking of an American Recovery and Reinvestment Act (ARRA) project, with funds administered by Commerce’s Economic Development Administration (EDA). EDA obligated all $147 million of its Recovery Act funds one full year ahead of schedule. Responding to aggressive goals set out by President Obama and Vice President Biden, the agency acted expeditiously. Recovery Act funds were delivered to communities where they were needed most. (Remarks)

Secretary Locke Announces Grants in Iowa to Aid Flood Rebuilding Efforts

Secretary Locke at podium

U.S. Secretary of Commerce Gary Locke viewed new flood-resistant construction at the University of Iowa and announced grants totaling $30 million to assist in flood rebuilding efforts in the aftermath of the 2008 Iowa flood—part of a continuing effort by the Obama administration to help those impacted by the flooding. Locke was joined by Governor Chet Culver, Congressman Dave Loebsack and Mayors Matt Hayek and Jim Fausett. Commerce’s Economic Development Administration will administer the grants. (Remarks) (Press release)

Secretary Locke Announces $15.6 Million Grant to restore St. Louis Port

Secretary Locke with Commerce seal and flag in background.

File photo

U.S. Commerce Secretary Gary Locke announced a $15.6 million Economic Development Administration (EDA) grant to reconstruct the St. Louis Municipal Terminal’s South Dock, which was damaged by extensive flooding in 2008. Three local St. Louis businesses served by the port met with Locke and Mayor Francis Slay before a City Hall news conference this morning to discuss the impact of ensuring the continuation of the area’s supply chain of river-related commerce. “Reconstruction of the critically important South Dock saves existing jobs and creates new ones by strengthening local connections to the global marketplace,” Locke said. (More) (Remarks)

Secretary Locke Announces $8.65 Million in EDA Grants in Four States to Create Jobs, Strengthen the Economy

Economic Development Administration seal. Click to go to EDA Web site.

U.S. Commerce Secretary Gary Locke announced $8.65 million in Economic Development Administration (EDA) grants in four states, including Pittsburgh, Penn., Fairmont, W.Va., Davis, W.Va., Roseburg, Ore. and Eagle Pass, Texas. EDA is an agency within the U.S. Department of Commerce that partners with distressed communities throughout the United States to foster economic growth and job creation.Its mission is to lead the federal economic development agenda by promoting innovation and competitiveness and preparing American regions for growth and success in the global economy.

Anaheim Receives $7.2 Million in Federal Funds to Create Jobs, Strengthen Economy

Recipients and officials holding presentation check. Click for larger image.

U.S. Deputy Assistant Secretary of Commerce for Economic Development Brian P. McGowan presented a $7.2 million Economic Development Administration (EDA) grant to the city of Anaheim to create jobs in the Anaheim Canyon. The project is expected to create 1,900 jobs and generate $570 million in private investment, according to grantee estimates. EDA is an agency within the U.S. Department of Commerce that partners with distressed communities throughout the United States to foster economic growth and job creation. (More)

Secretary Locke Announces Nearly $60 Million in New ARRA Funding to Create Jobs, Boost Development in 18 States

EDA logo.

Since Sept. 14, Commerce’s Economic Development Administration (EDA) has invested nearly $60 million in American Recovery and Reinvestment Act (ARRA) funds for job creation and boosting economic development in 18 states. “The Obama administration is committed to creating jobs, encouraging innovation and improving our nation’s economic competitiveness,” U.S. Secretary of Commerce Gary Locke said, in making the announcements. (Releases) (EDA Recovery Web site)

EDA Announces Ongoing American Recovery and Reinvestment Act Funding to Create Jobs, Boost Development

Image of Flagship Enterprise Center. Click for larger image.

Commerce’s Economic Development Administration (EDA) invested $2.7 million in American Recovery and Reinvestment Act (ARRA) funds to the Flagship Enterprise Center, Inc. and the city of Anderson, Ind.,(pictured here), to help build a business and industrial facility, which will house early-stage businesses that are working to establish themselves in the community. Other recent ARRA grants have been announced for Memphis, Tenn.; Spring Valley, Minn.; Tupelo, Miss.; Fosston, Minn.; Scottsburg, Ind. and Bristol Bay Borough, Alaska. (EDA Recovery Web site)

Secretary Locke Announces Over $11.9 Million in Recovery Act Grants to Create Jobs, Boost Development in Seven States

EDA seal.

Commerce Secretary Gary Locke announced over $11.9 million in Economic Development Administration (EDA) American Recovery and Reinvestment Act (ARRA) grants to help seven states boost private investment and create new jobs. The grants will make water treatment facility upgrades in Kentucky; help build an access road to serve an industrial park in Minnesota; help make roadway updates to improve access to an industrial park in Illinois; help build water and sewer infrastructure needed to spur business development in Georgia; convert an existing building for use as a regional vocational training facility in Idaho; expand an existing dock and install a crane to boost the commercial fishing sector in Alaska, and extend an avenue and provide water infrastructure in Washington state.