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Blog Category: Economic Development Administration

EDA Investments: Supporting Entrepreneurship and Job Creation

Map of U.S. showing entrepreneurship rates

What do the states of Montana, Vermont, New Mexico, Alaska, and Mississippi have in common? They are, according to a report published this spring by the Kauffman Foundation, Index of Entrepreneurial Activity, 1996–2012, the states that posted the highest rates of entrepreneurial activity in 2012.

According to the Kauffman Foundation report:

• Montanans operate 530 businesses per 100,000 adults, Vermonters and New Mexicans operate 520 businesses per 100,000 adults, and Alaskans and Mississippians operate 430 businesses per 100,000 adults.

• A most important measure—the formation of businesses with employees—held steady from 2011 to 2012: At 0.11 percent (meaning 11 employer businesses per 100,000 individuals), an average of 193,000 new employer businesses were formed each quarter in 2012.

This is important, and good, news about our economy. And these states should be applauded for what they are doing to foster entrepreneurship, which is a driver of economic growth and prosperity.

Support for entrepreneurship is a central part of the Economic Development Administration’s mission as it works to establish a foundation for sustainable job growth and the building of durable regional economies throughout the United States.

Commerce Department Supports Disaster Relief Across the Country

A tornado funnel cloud

Only a few weeks ago, an EF5 tornado ripped through Oklahoma.  The 2013 Atlantic hurricane season just began, and forecasts predict that it will be a very active season. Whenever events like these may occur, the Department of Commerce is ready to help communities across the country prepare for and recover from natural disasters.

The U.S. Economic Development Administration (EDA) is one of the Commerce bureaus that assist in disaster-recovery efforts. Just last month, EDA announced grants totaling $54.1 million for disaster relief to 15 communities in 12 states and territories. For example, EDA announced a $20 million investment that will help redevelop the 20th Street corridor in Joplin, Missouri, where a devastating tornado in May 2011 claimed 161 lives, flattened large sections of the city, and destroyed more than 7,000 housing units.

Some other recently announced recovery projects include:

  • rebuilding a flood-damaged railroad bridge across the Judith River in Montana that provides the sole freight link for numerous farming communities;
  • providing communities in New England that were devastated by Tropical Strom Irene with the means to provide technical assistance to small businesses and local governments; and
  • rebuilding public infrastructure in downtown Minot, North Dakota, an area that was destroyed by flooding of the Mouse River.

These projects are part of a $200 million appropriation made by Congress to EDA to help with long-term economic recovery and infrastructure support in communities that received a major disaster designation in fiscal year 2011.

Obama Administration Announces Make It In America Challenge Accepting Applications Through May 31

Challenge Focused on Encouraging Businesses to Bring Production Back to the United States or Expand Domestic Operations

The Obama Administration today announced that it is accepting proposals through May 31, 2013, for the Make it in America Challenge, a $40 million competition funded by multiple federal agencies that is designed to encourage investment and job creation in the United States. Up to 15 awards will be made to challenge applicants who put forth one plan to accelerate job creation by encouraging re-shoring of productive activity by U.S. firms, fostering increased foreign direct investment, encouraging U.S. companies to keep or expand their businesses—and jobs—here at home, and training local workers to meet the needs of those businesses.

Challenge applicants must submit applications that leverages complementary Federal funding sources to support the development and implementation of a regionally driven economic development strategy. Eligible challenge applicants must demonstrate support of the development and implementation of a regionally driven economic development strategy. Applicants must provide a detailed description of all activities that will be undertaken, a summary of how these activities support the overall project’s goals, and a clear data-driven overview of anticipated impacts. Applicants will be evaluated based on their ability to meet the criteria set forth in Section VI.A of the Federal Funding Opportunity. All proposals must be submitted through www.grants.gov.  

The Make it in America Challenge builds on the Administration’s efforts to encourage companies – large and small, foreign and domestic, manufacturers and service firms – to increase their investment in the United States. The President’s initiatives include eliminating tax incentives for companies that ship jobs overseas and providing tax credits for companies that bring jobs back, investing in American workers to ensure they have the skills they need, modernizing our infrastructure, and taking action to ensure that American businesses and workers are competing on a level playing field.

Deputy Secretary Blank Highlights "Investing in Manufacturing Communities Partnership" Initiative

Deputy Secretary Blank Highlights "Investing in Manufacturing Communities Partnership" Initiative at Hexcel Corporation

Deputy Secretary of Commerce Rebecca Blank today highlighted the newly-announced “Investing in Manufacturing Communities Partnership,” an Obama Administration initiative that will help accelerate the resurgence of manufacturing and create jobs in cities across the country.

This effort rewards communities that demonstrate their plans to attract and expand manufacturing in their area, using targeted investments in workforce training, infrastructure, research, and other key assets.

Deputy Secretary Blank unveiled the initiative this week and visited Hexcel Corporation today, which is located in an area of Utah that has leveraged the resources of the public sector, private firms, and educational institutions to achieve a successful model of economic development that the Investing in Manufacturing Communities Partnership encourages. During her visit, Deputy Secretary Blank took a tour of Hexcel’s Salt Lake City facility and participated in a roundtable with local business, government and educational leaders.

Deputy Secretary Blank Announces New Federal Partnership to Promote Manufacturing Investment in American Communities, Create Jobs

Mayor Scott Smith, Able Engineering President and CEO Lee Benson and Deputy Secretary of Commerce Rebecca Blank During a Tour of the Able Engineering Facility in Mesa, Arizona

U.S. Deputy Secretary of Commerce Rebecca Blank today announced the launch of the “Investing in Manufacturing Communities Partnership,” an Obama Administration initiative that will help accelerate the resurgence of manufacturing and create jobs in cities across the country.

This effort rewards communities that demonstrate their plans to attract and expand manufacturing in their area, using targeted investments in workforce training, infrastructure, research, and other key assets.

Deputy Secretary Blank unveiled the initiative at the new, 200,000-square foot Able Engineering facility in Mesa, Arizona, a community that has leveraged the resources of the public sector, private firms and educational institutions to achieve a successful model of economic development. Mesa was hard-hit when Williams Air Force Base closed in 1993, leaving many aerospace engineers unemployed. The city took over the site, converted it to the Phoenix-Mesa Gateway Airport, and came up with a plan to attract aerospace companies to the area, where they could capitalize on the existing workforce and benefit from being located near similar firms and nearby colleges. In just fifteen years, Able has grown into a multi-million dollar conglomerate, servicing aircraft from around the world.  Its continued growth and support for its workforce demonstrate the benefits of operating within a community like Mesa’s.

Fact Sheet | Press Release

Commerce Invests $15 Million to Help Protect Businesses in Bloomsburg, Pennsylvania, from Flooding

Deputy Assistant Secretary of Commerce Matt Erskine speaks at Autoneum plant in Bloomsburg, Pennsylvania.

U.S. Senators Casey, Toomey and Congressman Barletta applaud disaster recover investment

U.S. Deputy Secretary of Commerce Rebecca Blank has announced a $15 million Economic Development Administration (EDA) grant to Columbia County, Pennsylvania, to help build control systems that will help protect vital business infrastructure in Bloomsburg, Pennsylvania, from floods. The grant announcement was applauded by U.S. Senators Bob Casey, Pat Toomey and U.S. Representative Lou Barletta, who worked with the Pennsylvania Congressional delegation to support the grant. Bloomsburg was severely impacted by flooding as a result of Tropical Storm Lee in 2011.

"Protecting and improving the infrastructure that is critical to our businesses is a top priority for the Obama administration," said U.S. Deputy Secretary of Commerce Rebecca Blank. "By working with local organizations to fund this project, EDA and the Department of Commerce are helping businesses in Bloomsburg and the surrounding areas save jobs and grow." Full release

Spotlight on Commerce: Tené Dolphin, Chief of Staff, Economic Development Administration

Tené Dolphin

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 Tené Dolphin, Chief of Staff, Economic Development Administration

February is always a special time for our nation to remember the contributions of African Americans, but I never limit my celebration of Black History to just one month. As a child growing up in the historically rich city of Philadelphia, I learned about the men and women who made remarkable contributions to not only our community, but to our country and to the world. Certainly the significance of the election of the first African American President of the United States is particularly noteworthy during this time of reflection and introspection. I am filled with pride and deep emotion when I recall the struggles and triumphs of the past, and observe the advances we continue to make together as Americans.

Over the last four years, I have served in two leadership positions within the U.S. Department of Commerce. Today, as Chief of Staff at the Economic Development Administration, I am encouraged by how Commerce’s priorities align with the administration’s goals and by how we are uniquely positioned to play a significant role in implementing the president’s economic agenda to put more Americans back to work and invest in the industries of the future that will increase our nation’s competitiveness. In my role, I work to lead program operations, staff development, and other general management efforts. I routinely serve as management liaison for agency labor management council, departmental labor management council, other Commerce bureaus, federal agencies, and the White House. 

Acting Secretary Blank Visits New Jersey to Meet Business Owners Impacted by Sandy

Acting Secretary Blank and Acting Assistant Secretary Erskine survey a map of the Port of Newark

On Wednesday, Acting Secretary of Commerce Rebecca Blank traveled to New Jersey where she met with local business leaders for discussions about ongoing efforts to rebuild the region in the aftermath of Hurricane Sandy. During these conversations, she conveyed that the Commerce Department, the Federal Emergency Management Agency, and the administration are focused on providing businesses and communities affected by Hurricane Sandy with all available federal support. 

In Elizabeth, New Jersey, Acting Secretary Blank met with a group of businesses that were impacted by the storm. Dr. Blank then visited the Port of Newark in Port Newark, New Jersey, where she was briefed by officials on the status of port operations and the challenges moving forward. She heard from some of the port’s tenants, trucking companies, and freight mobility experts about the impact that the storm has had on their businesses, customers, and employees. Dr. Blank then took a tour of the port to observe the progress of recovery work that is currently underway. 

10 Partnerships Selected through the Advanced Manufacturing Jobs and Innovation Accelerator Challenge to Support American Manufacturing and Encourage Investment in the U.S.

Jobs and Innovation Accelerator Challenge

The Obama administration announced that 10 public-private partnerships across America will receive $20 million in total awards to help revitalize American manufacturing and encourage companies to invest in the United States. These Investments will promote job creation and economic growth in local industry clusters in Arizona, California, Michigan, New York, Oklahoma, Oregon, Pennsylvania, Tennessee, and Washington.

The 10 partnerships were selected through the Advanced Manufacturing Jobs and Innovation Accelerator Challenge, which is a competitive multi-agency grant process announced in May 2012 to support initiatives that strengthen advanced manufacturing at the local level. These public-private partnerships consist of small and large businesses, colleges, nonprofits and other local stakeholders that “cluster” in a particular area. The funds will help the winning clusters support local efforts to spur job creation through a variety of projects, including initiatives that connect innovative small suppliers with large companies, link research with the start-ups that can commercialize new ideas, and train workers with skills that firms need to capitalize on business opportunities.  

The Advanced Manufacturing Jobs and Innovation Accelerator Challenge is a partnership between the U.S. Department of Commerce’s Economic Development Administration and the National Institute of Standards and Technology, the U.S. Department of Energy, the U.S. Department of Labor’s Employment and Training Administration, the U.S. Small Business Administration, and the National Science Foundation.

As part of President Obama's commitment to creating an economy built to last, the administration has invested more than $200 million promoting regional innovation clusters. The administration created an interagency task force, known as the Taskforce for the Advancement of Regional Innovation Clusters, to develop and administer interagency grant competitions. This is the third round of the Jobs and Innovation Accelerator Challenge and, in addition to the six partnering agencies, this initiative also leverages technical assistance from up to eight other federal agencies.

See the full list of winners.

With EDA Assistance, Communities Have a New, Resource-Rich Tool to Help Them Recover from Disasters

RestoreYourEconomy.org

Guest blog post by Matt Erskine, Acting Assistant Secretary of Commerce for Economic Development

To coincide with National Preparedness Month, the International Economic Development Council (IEDC) has just launched the newly redesigned RestoreYourEconomy.org website.

Developed with funding from the U.S. Economic Development Administration (EDA), the website is a one-stop resource for economic development organizations and chambers of commerce seeking to assist businesses after a disaster, rebuild their local economy, and encourage resiliency among local businesses and government.

Since it was first established, EDA has played an important role in helping communities across the country recover from disasters by assisting them in reestablishing their local economies and implementing long-term economic recovery efforts. Earlier this year, EDA announced the availability of $200 million to help communities that received a major disaster designation in fiscal year 2011 with long-term economic recovery and infrastructure support.  Within the context of the administration’s National Disaster Recovery Framework (NDRF), EDA serves as the Coordinating Agency on behalf of the Department of Commerce for the Economic Recovery Support Function (RSF) to coordinate the activities of a diverse group of partner agencies supporting recovery in disaster-impacted communities. The activities consist primarily of improved information sharing and leveraging existing resources to make a positive impact for communities affected by disasters.