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Blog Category: International Economic Development Council

EDA and the International Economic Development Council Create User-Friendly Tool to Help Communities Recover Their Economy after Disasters

EDA and the International Economic Development Council Create User-Friendly Tool to Help Economies Recover after Disasters

Everyone sees the destruction caused by a natural disaster – the loss of life and property make headlines for weeks. But natural disasters can have lasting effects that don’t garner as much media attention. Beyond property and infrastructure costs, disasters impact the health of the business community. According to the Small Business Administration, as much as 25 percent of small businesses do not reopen after major disasters. Communities need to be prepared for all of the effects of a natural disaster, and there is a new tool available to help them be more resilient.

The International Economic Development Council (IEDC) recently launched "Leadership in Times of Crisis: A Toolkit for Economic Recovery and Resiliency" – a guide to help communities recover their economy after a disaster. The toolkit was funded in part by an Economic Development Administration (EDA) grant and is available for free download at www.RestoreYourEconomy.org. It includes practical resources, proven how-to's, real world case examples, checklists and best practices to implement recovery programs following any type of disaster and to make preparations in order to be more resilient after potential future events.

"Leadership in Times of Crisis" provides strategies and tactics for community leaders to focus on for economic recovery and preserving jobs, incorporating useful information for convening private and public stakeholders to identify key economic recovery strategies, tips on how to navigate federal resources for response and recovery, and implementation of recovery initiatives.

A wide range of public and private sector officials that provide support to businesses and industries in the economic recovery process can benefit from using the toolkit, including economic development organizations (EDOs), chambers of commerce, business leaders, small business development centers (SBDC), community colleges and business schools, and community development financing institutions (CDFIs), among other organizations.

Acting Secretary Blank Talks Insourcing and Job Creation at Economic Development Forum

Acting Secretary Blank at International Economic Development Summit in Washington

Guest blog post by Dr. Rebecca Blank, Acting Secretary of the U.S. Department of Commerce

This morning, I joined economic development leaders from around the country to discuss ongoing efforts to create jobs and grow the U.S. economy. The Economic Development Forum was hosted by the U.S. Commerce Department’s SelectUSA initiative, in partnership with the White House Business Council and the International Economic Development Council (IEDC), the world’s largest professional organization of economic development practitioners.

The forum provided an opportunity to discuss the Obama administration’s efforts to support U.S. businesses and encourage companies to bring good jobs back to America, a trend called insourcing.

Both American and international firms are increasingly looking for opportunities to invest in the U.S. And businesses are not only choosing to bring jobs back, but they are also making decisions to expand here instead of shipping jobs overseas. These investments mean that more products will be made in America. That means more jobs and greater economic security for families across this nation.