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Blog Category: Economic Development Administration

EDA Announces Award Competition to Promote Innovation

Commerce's U.S. Economic Development Administration (EDA) is accepting applications for its 2010 Innovation in Economic Development Awards to spotlight projects of national significance that advance innovation, boost competitiveness and create jobs.

Entries will be accepted until August 27, 2010.  The award categories are:

  • Innovation in Regional Innovation Clusters (RICs)
  • Innovation in Commercialization
  • Innovation in Global Export Promotion
  • Innovation in Green Technology

For more information on the 2010 Innovation in Economic Development Awards visit: http://www.eda.gov/NewsEvents/PressReleases/InnovationAwards063010

The competition was previously known as the EDA Excellence in Economic Development Awards.

Secretary Locke Addresses 78th Annual Meeting of U.S. Conference of Mayors

Image of conference video clip with president of mayor conference and LockeU.S. Commerce Secretary Gary Locke visited Oklahoma City for the 78th annual meeting of the U.S. Conference of Mayors held at the Cox Convention Center. Locke addressed the crowd on the final day of the conference, and Commerce’s Assistant Secretary for Economic Development John Fernandez and Census Bureau Director Robert Groves spoke over the weekend. The U.S. Conference of Mayors is the official nonpartisan organization of cities with populations of 30,000 or more. Each city is represented at the Conference by its chief elected official, the mayor.

On Sunday, a special session highlighted the conference with mayors from Gulf Coast cities dealing with the BP oil spill and its devastating after-effects. During the session, mayors discussed a resolution put forth by the mayors of Baton Rouge, La., and Tallahassee, Fla., that calls for increased federal efforts to access, mitigate and recover from the environmental and economic damage of the disaster and work closely with other local officials in all phases of the national response. Locke visited the Gulf Coast region last Thursday and spoke with local businesses that have been impacted economically by the oil spill. Remarks  Secretary's Conference video

Gainesville Region Receives Additional EDA Grant, University of Florida Breaks Ground for New Tech Business Incubator

Officials with shovels at groundbreaking ceremonyU.S. Commerce Secretary Gary Locke today announced a $1.670 million U.S. Economic Development Administration (EDA) grant to Santa Fe College and the District Board of Trustees of Santa Fe College of Gainesville, Florida to build a biotechnology laboratory and classroom addition to the new Emerging Technologies Center. The project is expected to create 270 jobs and generate $380 million in private investment, according to grantee estimates.  More from Santa Fe College

U.S. Assistant Secretary of Commerce for Economic Development John Fernandez participated also in the groundbreaking ceremony for the University of Florida’s Innovation Hub in Gainesville, Fla.  The project received $8.2 million in funding from Commerce's EDA last year to help build the tech business incubator, which will serve as a catalyst for emerging and existing start-up companies seeking to bring to market technologies developed by the university and its research partners.  The project is expected to create 300 jobs and generate $30 million in private investment, according to grantee estimates.

 

Secretary Locke Announces Fishery Failure Determination in Gulf of Mexico

U.S. Commerce Secretary Gary Locke today determined there has been a fishery disaster in the Gulf of Mexico due to the economic impact on commercial and recreational fisheries from the ongoing Deepwater Horizon oil spill. The affected area includes the states of Louisiana, Mississippi and Alabama.

“We are taking this action today because of the potentially significant economic hardship this spill may cause fishermen and the businesses and communities that depend on those fisheries,” Locke said. “The disaster determination will help ensure that the Federal government is in a position to mobilize the full range of assistance that fishermen and fishing communities may need.”

Locke made the determination under Section 312(a) of the Magnuson-Stevens Act.  The declaration was made in response to requests from Louisiana Governor Bobby Jindal and Mississippi Governor Haley Barbour based on the loss of access to many commercial fisheries and the existing and anticipated environmental damage from this unprecedented event.

Since May 2, the National Oceanic and Atmospheric Administration (NOAA) has closed a portion of federal waters affected by the spill to commercial and recreational fishing. This closure area, which is based on the scientific trajectory of the spill, now includes nearly 20 percent of federal waters in the Gulf of Mexico, largely between Louisiana state waters at the mouth of the Mississippi and the waters off Florida’s Pensacola Bay.

Full release
Related NOAA release

Latest NOAA status release on oil spill

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.