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Blog Category: Economic Development Administration

EDA Investment Supports Business and Workforce Development in Southern New Hampshire

EDA Investment Support Business and Workforce Development in Southern New Hampshire

Guest blog post by Matt S. Erskine, Deputy Assistant Secretary for Economic Development 

Today I was honored to join Senators Jeanne Shaheen and Kelly Ayotte, Representative Carol Shea-Porter, and a host of local economic and business leaders to celebrate the opening of a new business development and job training facility that will serve 41 towns and cities in Southern New Hampshire. 

The Regional Economic Development Center of Southern New Hampshire’s new business and job training center is a unique facility. Both business management and workforce training will be delivered in an efficient learning environment. Resources will be provided for entrepreneurs and small businesses to conduct research and receive technical assistance, and space will be available for start-up enterprises to conduct limited business in a professional environment. 

Supporting job-creating entrepreneurs and ensuring that America has a strong and skilled workforce is essential to our economic competitiveness. 

That is why Secretary Pritzker - a business leader with more than 25 years of experience - has made innovation a key pillar of the Commerce Department’s “Open for Business Agenda.” 

Secretary Pritzker is the first U.S. Secretary of Commerce to focus on how we can best prepare workers with in-demand job skills as part of efforts to continue innovating and remain globally competitive. 

The Commerce Department plays a key role in partnering with businesses to facilitate industry-driven training programs. 

U.S. Economic Development Administration: Supporting Workforce Development in Rural Alaska

AVCP Vice President Michael Hoffman (far left) and General Counsel Carol Brown (second from right) pose with EDA Director of External Affairs Angela Belden Martinez and Aaron Trujillo, the Commerce Department’s Acting Senior Advisor on Native American Affairs following the announcement of an EDA investment to support workforce development in rural Alaska.

Guest Blog Post By Angela Belden Martinez, Director of External Affairs, U.S. Department of Commerce, Economic Development Administration

It was my pleasure today to be joined by Aaron Trujillo, the Commerce Department’s Acting Senior Advisor on Native American Affairs - who serves as the primary liaison between the Department of Commerce and tribal leaders of federally-recognized tribes and regional tribal organizations – in welcoming some very special guests from the Association of Village Council Presidents (AVCP) of Bethel, Alaska.

During the meeting with AVCP Vice President Michael Hoffman and AVCP General Counsel Carol Brown, we informed them that AVCP is receiving a U.S. Economic Development Administration (EDA) investment to support workforce development in rural Alaska.

Specifically, the $697,991 EDA grant will help the AVCP purchase equipment that will be used to train workers in several mechanical disciplines to help the delta of the Yukon and Kuskokwin rivers region rebound from the impact of the commercial failures of area fisheries and tributaries.

Providing these new training opportunities for displaced workers is an important step to getting this rural, regional economy back on track. 

Spurring Economic Growth through Infrastructure and Planning

Spurring Economic Growth through Infrastructure and Planning

Guest blog post by Matt Erskine, Deputy Assistant Secretary for Economic Development

Generally, when people think about economic growth, they think in terms of big ideas: workforce development, increasing exports, foreign-direct investment. Most people don’t think about sewer systems or roads – the hard infrastructure that enables communities to achieve those big idea goals. The critical infrastructure that are the building blocks to economic growth are a major focus for the Economic Development Administration (EDA), and I was fortunate to be able to announce EDA grants for such projects in Massachusetts this week.

On Tuesday, I traveled to Worcester, Massachusetts to announce a $1 million grant to New Garden Park, Inc. with Congressman Jim McGovern. The money will be used to create more than 15,000 square feet of incubator space to establish the Worcester Technology and Idea Exchange in the former Worcester Telegram & Gazette facility. This is an investment for the future, an investment that is critical to the continued revitalization of Worcester’s downtown business district. According to grantee estimates, the planned technology incubator and accelerator will create more than 100 jobs by supporting a central location for entrepreneurs to explore and start a business in growing industries.

Following that announcement, I visited Devens to announce a $1.85 million grant to the Massachusetts Development Finance Agency of Boston. This grant will support the final phase of the Jackson Road reconstruction project at the Devens Industrial Park. In today’s global economy, first-class jobs gravitate to first-class infrastructure. The improvements will enable two manufacturing firms to expand their operations and attract private investment from automotive and film/video production businesses. The EDA investment is expected to generate $307 million in private investment and create 460 jobs, according to grantee estimates. 

U.S. EDA-funded William Factory Nurtures and Graduates Job-creating Businesses

William M. Factory - Small Business Incubator

Guest Blog Post by Tim Strege, Executive Director, The William Factory

The William Factory Small Business Incubator has a vision to build and sustain an “Innovation & Employment Campus” that connects disadvantaged individuals with entrepreneurship and desirable jobs.

Located adjacent to Interstate 5 within the economically distressed East Tacoma community in Washington State, the Incubator has a 28-year track record of nurturing firms through their formative years by providing advisory and professional assistance in technology sophisticated facilities. 

The Incubator historically focused on the specialty trade construction cluster – a “good fit” for workers who no longer had gainful employment after Tacoma lost over 10,000 manufacturing jobs during the 1980s. Recently, with critical support from the U.S. Economic Development Administration, the Incubator completed a “Phase II” Scientific & Technical Services Incubator to grow information technology oriented companies. 

Among the recent graduates are Juli Norris & Tanya Stack, owners of Chi-Chack, which provides language translation services for federal agencies and private parties; disabled veteran Roger Lyons of Lyons Technology, which installs technology in the financial sector; and Greg Stewart of Orbiter, which combines radio frequency devices with software for military fitness programs, research projects and inventory control.  These firms continue to grow commercial revenues and support the productivity of others that use their products and services.

First Americas Competitiveness Exchange Encourages Collaboration, Drives Innovation and Entrepreneurship in the Western Hemisphere

Guest Blog Post by Walter Bastian, Deputy Assistant Secretary of Commerce for The Western Hemisphere

Competition and collaboration aren’t typically mentioned in the same breath. For nations and businesses competing to innovate and prosper in a global marketplace, these concepts seem completely antithetical to one another.

That’s why the first Americas Competitiveness Exchange on Innovation and Entrepreneurship (Exchange) is such a unique and exciting partnership.

As part of the Exchange, senior officials from the U.S. Department of Commerce’s International Trade Administration (ITA) and Economic Development Administration (EDA) last week led a delegation of 45 business and government leaders from 20 Latin American and Caribbean countries on a tour across the Southeast United States. They visited five cities in four days with stops in Atlanta, Ga., Greenville, S.C., Conover, Kannapolis, and Charlotte, N.C.

The delegation toured technology centers, innovation hubs, and investment zones to see how U.S. companies are working to create some of the most advanced products in the world. The tour was geared to help make the interpersonal and inter-governmental connections that can lead to future international trade and investment deals.

The Americas Competitiveness Exchange for Innovation and Entrepreneurship provided a great opportunity for decision and policy makers in the Americas to see the results of economic development initiatives and meet high level authorities, leaders of private sector associations, public and private universities with research and innovation centers, looking to explore and expand the links between our economies and key stakeholders.

The United States and Latin America maintain a very special and very important investment relationship. In 2012, the total stock of Latin American foreign direct investment (FDI) in the United States was nearly $96 billion. And every day, 259,000 workers in the United States go to work in U.S. subsidiaries of Latin American firms. 

Fostering Innovation through Strong, Sustainable Regional Partnerships

Fostering Innovation through Strong, Sustainable Regional Partnerships

Guest blog post by Matt Erskine, Deputy Assistant Secretary for Economic Development

Earlier this week, I was honored to provide the keynote address at the International Economic Development Council’s (IEDC) 2014 Federal Economic Development Forum. Dr. Pat Gallagher, NIST Director performing the duties of Deputy Secretary and Mark Doms, Under Secretary for Economic Affairs, also participated in the forum. Both applauded the important work of the IEDC in fostering economic growth in communities across America.

The work that IEDC members are doing in communities here and around the globe is critical, timely and mirrors our philosophy at EDA: only by working together in effective, strong, and sustainable regional partnerships will we realize our collective economic vision. 

In fact, the three guiding themes of this year’s IEDC Federal Forum – Learn, Teach, and Collaborate – reflect EDA’ core mission to establish a foundation for sustainable job growth through innovation and regional collaboration.

Through our flexible grant programs, EDA provides construction, technical assistance, financing, strategic planning and network building tools that local and regional entities can use to support their communities’ unique economic development strategies and objectives. 

Our model of competitive, merit based co-investment in support of strong regional economic development strategies is a proven approach – an approach that always looks to maximize the return on investment and the impact of our assistance in communities.

Today, we are focused on synchronizing federal programs to both maximize federal taxpayer returns and maximize the impact in the communities we serve.  By breaking down Washington’s bureaucratic silos, we can be a more effective partner.

Spotlight on Commerce: Jeannette P. Tamayo, Chicago Regional Director, Economic Development Administration

Spotlight on Commerce: Jeannette P. Tamayo, Chicago Regional Director, Economic Development Administration

Ed. note: This post is part of the Spotlight on Commerce series highlighting members of the Department of Commerce and their contributions to an Economy Built to Last.

Guest blog post by Jeannette P, Tamayo, Chicago Regional Director, Economic Development Administration

I am both honored and humbled to have been asked to share my experience in the DOC Spotlight as part of Women’s History Month as so many extraordinary women, and their sons, contribute to our collective achievements.

As the Economic Development Administration’s (EDA) Chicago Regional Director, I am truly privileged to touch lives in extraordinary ways through the catalytic investments EDA funds and the hope and economic impact these investments bring to economically distressed communities across the nation.  As the only federal agency with economic development as its exclusive mission, EDA promotes the economic ecosystems in which jobs are created. EDA strives to advance global competitiveness, foster the creation of high-paying jobs, and leverage public and private resources strategically.

I am fortunate to work with creative, dedicated and energetic colleagues who use their specialized knowledge and skills to help communities transform ideas into a competitive application that, once implemented, results in initiatives that create jobs and leverage private investment.  No two ideas or communities are the same, and, as the competitive needs of regional economies change to be globally competitive, EDA is constantly presented with unique asset-based, innovative concepts that test our imagination and compel us to “push the envelope” – trying new approaches to foster economic sustainability and resiliency.  Grant making requires an understanding of communities and regions, risk management, and the ability to translate visionary goals into measurable activities.  It also requires building partnerships and creating opportunities for collaboration.  While ensuring that federal funds  for transformational projects flow to communities in my six-state region (IL, IN, MI, MN, OH, and WI), my specific role involves leading a regional staff, fostering creativity, finding solutions, managing change, engaging in negotiations and mediation, analyzing applications, marketing programs, and building coalitions. 

Breaking Down Silos to Foster Innovation

Regional Innovation Strategies Map

Communities understand what their needs are better than any outside organization. They understand that in order to affect real change, they need to work collaboratively with businesses, non-profits, and other government agencies. The Obama administration has been utilizing public-private partnerships in numerous initiatives, as well as promoting interagency groups and supporting collaboration across agencies. EDA is one of the agencies leading this charge, and, since fiscal year 2010, has invested in 65 collaborative investments throughout the country.

EDA has teamed with ARC, the Department of Agriculture’s Rural Development, and the Delta Region Authority on the Rural Jobs and Accelerator Challenge, which has resulted in $9 million in coordinated investments to support 13 partnership and innovation clusters across rural America. Today, the winners of the competition are providing entrepreneurs and businesses with research and development support to foster innovation, build supply chains, and hire and train workers here in the United States.

In 2012, EDA led the Advanced Manufacturing Jobs and Innovation Accelerator Challenge, a partnership among several federal agencies, to support initiatives that strengthen advanced manufacturing and accelerate innovation in technology at the local level. Challenge winners like AMP! – The Advanced Manufacturing & Prototype Center of East Tennessee – are creating a collaborative environment where manufacturers work together with economic development resources, workforce development organizations, and research institutions. Read more about AMP! in NIST’s Manufacturing Innovation Blog.

Department of Commerce releases FY 2014-2018 Strategic Plan

Plan priorities are in direct alignment with the Department’s “Open for Business Agenda”

Today the Department of Commerce released its Strategic Plan for fiscal years 2014 to 2018. The five-year plan, along with the recently released FY15 budget, provides the pathway for meeting the Department’s long-term goals and objectives. The plan, summarizes the key strategies and initiatives that will drive progress in the Department’s five priority areas:

  • Trade and Investment. Expanding the U.S. economy through increased exports and foreign direct investment that leads to more and better American jobs.
  • Innovation. Fostering a more innovative U.S. economy—one that is better at inventing, improving, and commercializing products and technologies that lead to higher productivity and  competitiveness.
  • Data. Improve government, business, and community decisions and knowledge by transforming Department data capabilities and supporting a data-enabled economy.
  • Environment. Ensuring communities and businesses have the necessary information, products, and services to prepare for and prosper in a changing environment.
  • Operational Excellence. Delivering better services, solutions, and outcomes that benefit the American people.

The creation of the strategic plan was a collaborative effort involving staff from every Department of Commerce bureau and serves as a foundation for economic growth and opportunity. The plan is in direct alignment with the  “Open for Business Agenda,” which reflects the Department’s role as the voice of business, and the Administration’s focus on economic growth and job creation. Department leaders and employees will use this plan to transform strategies into actions, and actions into results.

Read a summary of the plan or the entire plan.

Files

Cities Launch Prize Competitions to Spur Economic Development Planning

SC2 Challenge logo

Last week, Greensboro, NC; Hartford, Connecticut; and Las Vegas, Nevada launched economic development competitions as part of the SC2 Visioning Challenge (SC2 Challenge). Created by the Commerce Department’s Economic Development Administration (EDA), the SC2 Challenge selected the three cities to receive $1 million each to solicit innovative strategies that advance local economic development planning.

Through a fair and open process of participation, these competitions are expected to attract a wide range of new approaches to help the communities succeed in reaching their economic and job growth goals. Leveraging an extensive array of innovative ideas from a diverse field of participants is a key benefit of challenge initiatives. 

The SC2 Challenge is part of the Strong Cities, Strong Communities Initiative (SC2), launched by the Obama administration in June 2011. SC2 is aimed at creating new partnerships between federal agencies and localities to spark economic development in communities that have faced long-term development challenges.