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Blog Category: EDA Acting Assistant Secretary for Economic Development Matthew Erskine

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. 

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. 

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.

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

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.

Acting Secretary Blank Announces $40 Million Initiative to Challenge Businesses to Make it in America

Acting U.S. Commerce Secretary Rebecca Blank Announces $40 Million Initiative to Challenge Businesses to Make it in America (Photo: Roberto Westbrook and STIHL Inc.)

Yesterday, Acting U.S. Commerce Secretary Rebecca Blank traveled to Virginia Beach, Va., where she toured the STIHL manufacturing plant and announced a new initiative to strengthen the economy by supporting American businesses as they make things here in America and create jobs. The Make it in America Challenge is designed to accelerate the trend of insourcing, where companies are bringing jobs back and making additional investments in America. The competition, which is being funded by the Department of Commerce’s Economic Development Administration and National Institute of Standards and Technology Manufacturing Extension Partnership and the Department of Labor’s Employment and Training Administration, will build upon the administration’s bottom-up approach to strengthening the economy and creating jobs by partnering with state, regional and local economies.

The national competition will help provide the critical infrastructure, strategic planning, capacity building, technical assistance, and workforce skills training necessary for American communities to be the desired home for more businesses. The Make it in America Challenge builds on the administration’s efforts to encourage companies—large and small, foreign and domestic, manufacturers and services firms—to increase investment in the United States.

Acting Secretary Blank also highlighted two ongoing efforts by the Department of Commerce to attract foreign direct investment. SelectUSA, a program the president launched last year, continues to showcase the United States as the world’s premier business location and to provide easy access to federal-level programs and services related to business investment. Also, Commerce’s Commercial Services officers have been trained to help foreign investors who want information about how to invest in the U.S and who want to link up with local and state economic development leaders to create jobs in America.

Energy House in Delaware Is Retraining and Giving Former Auto Workers a Leg Up in the Job Market

Energy House at Delaware Technical and Community College’s Georgetown campus was built with financial support from the Economic Development Administration.

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

An impressive new training facility opened this spring at Delaware Technical and Community College’s campus in Georgetown and is expected to retrain former auto workers for new jobs in the emerging green sector. Energy House, designed to resemble an actual residence, serves as an educational lab where these workers can get a new start by learning about innovative energy-efficient technologies and renewable materials. Programs will fill a pressing need to train workers and will help strengthen the economic competitiveness of the Delaware region.

At the green building technology and alternative energy systems training center, students are being trained for the jobs and industries of the future. Participants are being prepared to work as skilled technicians who can install efficient heating and cooling systems and windows; retrofit homes to save electricity; and build and install solar panels, wind turbines, and other clean energy technologies. 

Job-Creating Culinary Center Opens in Philadelphia with EDA Support

Artist's rendering of exterior of the new Center

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

Providing office space and support for budding entrepreneurs to develop and grow their businesses while boosting the synergies offered by their developing ideas, skills, and products is a critical economic development strategy.

This is exactly what I saw today in Philadelphia, when I attended the opening of the new Dorrance H. Hamilton Center for Culinary Enterprises (CCE), an innovative facility that will provide shared business space for food entrepreneurs from throughout the Philadelphia region. This center was developed by Philadelphia’s The Enterprise Center, a business accelerator that since 1989 has supported local entrepreneurs and spurred economic growth in Philadelphia, and the Economic Development Administration (EDA), which in 2010 provided $1.5 million to support the construction of the CCE.

The new CCE building contains 13,000 square feet of space, and includes four state-of-the-art commercial kitchens that will be available for rent to culinary entrepreneurs, an eKitchen Multimedia Learning Center, and retail space for tenants.

With EDA Help, New Mexico’s Economy Gets a Boost from Sandia Science and Technology Park

Sandia Science & Technology Park and Economic and Development Agency logos

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

Last spring, I visited one of the premier technology parks in the southwest, the Sandia Science and Technology Park (SSTP) in Albuquerque, New Mexico. Over the past five years, the Economic Development Administration (EDA) has invested $1.8 million in this industrial park, funding  infrastructure improvements such as new, high-speed fiber optic lines that help the businesses located there leverage advances in technology that have been generated by nearby universities and federal labs.

With the recent release of a report by the Mid-Region Council of Governments, we have learned what a smart investment that turned out to be. According to the authors, the $1.8 billion in economic activity generated by Sandia since it was established in 1998 has brought more than $73 million in tax revenue for the state of New Mexico and $10.4 million for the city of Albuquerque.

The effects on employment in the region are even more impressive. In addition to being responsible for nearly 2,500 direct jobs, the report found that SSTP generated more than 4,100 indirect jobs—meaning that for every job at the technology park, an additional 1.7 jobs were created in the region. Combined, these direct and indirect jobs generated $3.06 billion in wages. Average salaries at SSTP—estimated to be $73,728 in 2011—significantly exceed the average for the Albuquerque metropolitan area, which was $42,332.

New, Innovative, Online Tool to Help Weigh Benefits of Economic Development Projects Using the Triple Bottom Line Model

Screenshot of Triple Bottom Line Tool website homepage

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

Traditionally, the effectiveness of an economic development investment has been measured primarily by the number of jobs created and dollars leveraged. While critically important, the U.S. Commerce Department’s Economic Development Administration (EDA) has partnered with Portland State University to create an innovative, web-based tool that takes into account a broader array of economic, environmental, and social impacts to more fully evaluate the potential impact of projects. This new Triple Bottom Line (TBL) Tool will help economic development practitioners, investors, and decision-makers assess, compare, and communicate the viability of potential investments.

While the TBL approach has been recognized as a valuable analytical tool among businesses—including major U.S. companies such as General Electric, Unilever, Proctor and Gamble, among many others—it has not been widely applied or considered within the public sector or by the economic development profession. The new TBL Tool developed through EDA’s investment represents a significant step forward for expanding the application of the concept by planners, nonprofits, community organizations, and governments to help support the assessment and decision making of critical development decisions.