Commerce.gov is getting a facelift soon. See the new design.
Syndicate content

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

Obama Administration Holds Rural Swing in North Carolina and Louisiana to Promote Jobs and Innovation

EDA Jobs and Innovation Accelerator Challenge Logo

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

Over the next two days, I will join several colleagues for a rural swing in North Carolina and Louisiana to promote jobs and innovation. Along with Deputy Under Secretary for USDA Rural Development Doug O’Brien, Appalachian Regional Commission Federal Co-Chair Earl F. Gohl, and Delta Regional Authority Federal Co-Chairman Christopher Masingill, I will attend events in rural America and tour two projects that were among the 13 winners of this year’s Rural Jobs and Innovation Accelerator Challenge.

The Rural Jobs Accelerator—designed by the Taskforce for the Advancement of Regional Innovation Clusters and the White House Rural Council—is a joint effort of 13 federal agencies, working together to help accelerate economic and job growth across rural regions. It is a great example of collaboration across federal agencies to pool resources and identify new, innovative ways to create an economy built to last.

Since taking office three and one-half years ago, President Obama has been deeply committed to strengthening rural economies all across America—helping to create jobs, support business growth, and expand opportunity for rural Americans. The administration has advanced new policies and initiatives and made significant investments in rural communities. The Rural Jobs Accelerator builds on those goals, seeking to foster job creation and business innovation in these communities.

EDA Works with Federal Partners to Help Drought-Stricken Rural Areas

President Barack Obama meets with the White House Rural Council on August 7 to discuss ongoing efforts in response to the drought. (White House Photo by Pete Souza)

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

A look at the recent national weather map underlines the reason for the Obama administration’s comprehensive response and action plan: large sections of the country are experiencing one of the worst droughts in decades—with levels ranging from “severe” to “extreme” and “exceptional.”

The consequences of drought don’t just affect farmers and their crops and livestock, but have ripple effects throughout the regional economies that depend on them. It is with this in mind that President Obama convened a recent meeting of the White House Rural Council to coordinate an administration-wide response to the drought and focus agency activities to partner and support Americans impacted by it.

The U.S. Commerce Department’s Economic Development Administration (EDA), with its decades of experience helping communities stricken by natural disasters, will play an important role to help rural communities with economic recovery. Along with the Small Business Administration (SBA), the U.S. Department of Agriculture (USDA), and other federal partners, it will leverage its resources, economic tool box, and expertise to help implement initiatives to alert drought-stricken communities to the federal resources that are already available to them.

Rural Jobs and Innovation Accelerator Challenge Awards $9 Million to 13 Projects to Boost Rural Economies, Strengthen Regional Industry Clusters

Jobs & Innovation Accelerator Challenge logo

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

Over the last three and a half years, President Obama has been committed to investing in efforts that strengthen rural economies, create jobs, support business growth, and expand opportunity for rural Americans.

Today, the administration announced the 13 winners of a key component of this goal, the Rural Jobs and Innovation Accelerator Challenge. Economic development partnerships and initiatives in Alaska, Arkansas, Connecticut, Illinois, Kansas, Louisiana, Mississippi, New Hampshire, North Carolina, South Carolina, Virginia, and West Virginia will receive awards ranging from nearly $200,000 to more than $1 million.

The projects will promote job creation, accelerate innovation, and provide assistance to entrepreneurs and businesses in a wide range of industrial sectors, including advanced manufacturing, agribusiness, energy and natural resources, technology, and tourism. They range from the Bristol Bay Jobs Accelerator in Alaska, a job training initiative put together by a consortium of 31 Alaskan tribes that will support a fisheries and seafood processing industry cluster; to the I-20 Corridor Regional Accelerator, a project involving the collaboration of institutions in Louisiana and Arkansas to promote science and technology clusters in these states; to the “Project 17: Together We Stand,” a 17-county business development effort led by Kansas State University.

EDA: By Attracting Investment in America, We Create New Jobs

Today, Acting Assistant Secretary for Economic Development Matt Erskine joined Illinois Governor Pat Quinn, Rochelle Mayor Chet Olsen, and Members of Congress at a ribbon-cutting ceremony for this new Nippon Sharyo railcar production facility in Rochelle, Illinois

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

Attracting foreign direct investment (FDI) to the United States, and the jobs that come with it, has been a priority of the Obama administration since it came into office. Business programs from every federal agency have been thoroughly ramped up, and a new initiative targeting foreign companies thinking about locating in the United States, SelectUSA, was launched in 2011.

The United States is already the largest recipient of FDI in the world. In 2010, such investment totaled $228 billion, up from $153 billion in 2009, supporting more than five million jobs throughout the country. Those workers made up 4.7 percent of total private-sector employment in the United State, with an annual payroll of $410 billion.

Success in attracting FDI doesn’t happen without a lot of hard, collaborative work on the part of states, municipalities, development agencies, and the federal government. I saw an excellent example of this today in the city of Rochelle, Illinois, where I participated in a ribbon-cutting ceremony to mark the opening of a new manufacturing facility for Nippon Sharyo U.S.A., the U.S. subsidiary of a Japanese manufacturer of railcars.

Innovation in Austin, TX: EDA Investments Help Create Jobs and Industries of the Future

Matt Erskine, Acting Assistant Secretary of Commerce for Economic Development, touring the Austin Technology Incubator

By Matt Erskine, Acting Assistant Secretary of Commerce for Economic Development

There is a lot of talk about innovation today, and how it can be leveraged to promote economic and job growth. In Austin, Texas, it’s more than just talk. Throughout the region, businesses are developing cutting-edge technologies, commercializing them, and—with the help of research parks, incubators, and other business support facilities—creating jobs.

Last week, I was in Austin to tour recent Obama administration EDA investments. Grants to the Austin Technology Incubator at the University of Texas, the Science, Technology, and Advanced Research (STAR) Park, and the Pecan Street Consortium are helping to spur high-tech commercialization and business development.

These investments are addressing two major issues for the Austin region - the creation of the next-generation smart grid technology infrastructure and the shortage of wet labs - to help create the jobs and industries of the future.

Disaster Recovery Funding Available Now for Counties with FY 11 Disaster Declarations

Map of eligible and ineligible U.S. counties for disaster assistance

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

Applications are now being accepted for investments in regions experiencing severe economic distress as a result of natural disasters that were declared as major federal disasters between October 1, 2010, and September 30, 2011. The U.S. Department of Commerce’s Economic Development Administration (EDA) received an appropriation of $200 million from Congress to address economic recovery challenges in regions impacted by a major disaster.

More than 1,400 counties in 44 states, Puerto Rico, the Virgin Islands, and the District of Columbia are eligible for the federal funding. Successful projects will support long-term economic recovery; demonstrate a clear connection between the project scope of work and the applicable disaster; demonstrate that the project will foster job creation and promote private investment; align with a relevant strategic, economic development, or disaster recovery plan; and demonstrate the incorporation of disaster resiliency. Applications are accepted on a continuing basis and processed as received.

EDA: Economic Recovery in Fremont, California's Auto Community

Ed. note: Cross-posted from U.S. Department of Labor's "Auto Communities" blog by Matt Erskine, Acting Assistant Secretary of Commerce for Economic Development (EDA)

We all know the situation a few years ago when President Obama took office: the American auto industry was shedding jobs by the hundreds of thousands and General Motors and Chrysler were in financial crisis. In the year before GM and Chrysler filed for bankruptcy, the auto industry lost more than 400,000 jobs. Had President Obama failed to act, conservative estimates suggest that it would have cost at least an additional million jobs and devastated vast parts of our nation's industrial heartland. But that did not happen because the president quickly intervened to save the U.S. auto industry from collapse. Today, GM, Ford and Chrysler have all returned to profitability.

President Obama's decision to respond so boldly was about more than the auto companies. It was about standing behind the countless workers, communities and businesses—large and small—that depend on the automotive industry. It was also about revitalizing American manufacturing.

Across the administration, federal agencies have outlined an agenda to support growth, job creation, and competitiveness in U.S. manufacturing. The U.S. Commerce Department's Economic Development Administration (EDA) has a strong track record of working with automotive communities to develop plans for economic recovery. The agency's efforts to help revitalize the nation's auto industry have been significant in Fremont, California, where a large auto assembly facility operated by the New United Motor Manufacturing, Inc. (NUMMI) was shut down in early 2010. The plant had employed nearly 5,000 workers, with thousands more dependent on it. The blow to the local economy was severe.

New $6 Million Strong Cities, Strong Communities Challenge to Spur Economic Growth in Six Cities

Economic Development Administration-banner

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

Today, at the annual meeting of the U.S. Conference of Mayors in Orlando, Florida, I joined Erika Poethig, the Assistant Secretary for Policy Development and Research at the U.S. Department of Housing and Urban Development (HUD), to launch the latest key components of the Obama administration’s Strong Cities, Strong Communities (SC2) initiative, which was announced in July 2011 to help strengthen local capacity and spark economic growth in local communities while ensuring taxpayer dollars are used wisely and efficiently.

The Commerce Department’s Economic Development Administration (EDA)—an SC2 Federal partner—announced the $6 million Strong Cities, Strong Communities Visioning Challenge to help economically distressed cities leverage innovative strategies to spur local economic and job growth.

The challenge will start with the competitive selection of six cities, one in each of EDA’s regions. Each of the winners will receive up to $1 million to conduct their own two-phase competitions. In the first phase, winning cities will encourage teams of experts in such fields as transportation planning, economic and community development, business incubation, and engineering to submit economic development proposals for their city or region. The highest-rated proposals, as evaluated by a city-appointed review panel, will receive cash awards. In the second phase, the finalists from the first round will compete for a cash prize by developing comprehensive economic development plans.

A Collaborative Effort to Support Ogden, Utah’s Growing Software Applications Sector

EDA logo-banner

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

Today, I joined Mayor Mike Caldwell in Ogden, Utah, to announce a $1 million investment by the Department of Commerce’s Economic Development Administration (EDA) with the Ogden City Corporation to help create a lab that will train workers and provide space for business startups in the growing field of software applications for mobile computing devices.

This new facility will be strategically located in Ogden’s downtown and will be operated by a consortium of experienced, capable partners, including the city of Ogden, Weber State University, the Weber State University Research Foundation, and private-sector industry leaders. It is exactly the type of collaborative partnership that EDA is excited to invest in.

Over a 10-year period, the new facility is expected to create 750 jobs and generate up to $4.6 million in private investment, according to grantee estimates. Its focus on software applications is very timely: You can’t walk down any street today, or sit in any coffee shop for long, without seeing smart phones and tablet computers all around you. And while it’s only been a few years since these devices first came on the market, they’ve been a runaway hit ever since: Demand for them has skyrocketed, and with it the demand for applications, or “apps,” that run on them.

$26 Million Competition to Help Accelerate Growth of Advanced Manufacturing and Clusters

$26 Million Competition to Help Accelerate Growth of Advanced Manufacturing and Clusters

Guest blog post by Matt Erskine, Acting Assistant Secretary of Commerce for Economic Development, and Dr. Patrick Gallagher, Director of the National Institute of Standards and Technology

Manufacturing, especially advanced manufacturing based on new technologies, is a sector of vital importance to America’s economic viability—both to businesses and the people they employ. A recent study conducted by the Department of Commerce bears this out: Manufacturing is responsible for 70 percent of our private-sector research and development (R&D), 90 percent of our patents, and 60 percent of our exports. And the benefits accrue to manufacturing workers, since they earn pay and benefits that are about 17 percent higher than average.

That is why the $26 million Advanced Manufacturing Jobs and Innovation Accelerator Challenge, supported by 14 Federal agencies and announced today by the Obama administration, is so important.

The Advanced Manufacturing Jobs Accelerator is a competition to help grow industry clusters by strengthening connections to regional economic development opportunities; enhance a region’s capacity to create high-quality sustainable jobs; develop a skilled advanced manufacturing workforce; encourage the development of small businesses; and accelerate technological innovation. 

At the Department of Commerce, the National Institute of Standards and Technology (NIST) and the Economic Development Administration (EDA) are leveraging resources, along with the Departments of Energy and Labor, the Small Business Administration (SBA), and the National Science Foundation, to support public-private partnerships to spur economic and job growth in manufacturing clusters. Approximately 12 projects are expected to be chosen. This is the third in a series of multiagency Jobs and Innovation Accelerator challenges since 2011.

Winners of the 2011 challenge, which was funded by EDA, the Department of Labor’s Employment and Training Administration, and the SBA, have already begun to foster business growth and create jobs. For example, in the Greater Kansas City area, eight regional organizations joined together to form the Kansas City Jobs Accelerator. This organization is helping the advanced manufacturing and information technology cluster in the bi-state region by identifying game-changing technologies and processes and putting them in the hands of small businesses and talented entrepreneurs. Their tactics include coordinating research resources, helping prepare workers for careers in advanced manufacturing, and creating a clearinghouse for regional cluster and commercialization information.