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United States

Economic Development Administration

Since EDA’s inception 52 years ago, EDA has led the federal economic development agenda by promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy. EDA is proud of the investments it has made in economically distressed regions, based on their locally-driven strategies and needs, and the outcomes of those investments which spurred local innovation and entrepreneurship creating and saving jobs and leveraging private investments.

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Related Content

Since 2017, EDA Invests $341.9 Million in 236 Projects Across the U.S in or Near Opportunity Zones

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The 2017 Tax Cuts and Jobs Act is two years old this week. A key element of the bipartisan bill is the Opportunity Zones initiative. Since January 2017, EDA has invested $341.9 million in 236 projects across the U.S in or near Opportunity Zones. An Opportunity Zone is an economically-distressed community where private investments, under certain conditions, may be eligible for capital gain tax...

EDA's Revolving Loan Fund Program Helps Turn a Chocolatier's Dream into Reality

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EDA’s Revolving Loan Fund (RLF) program provides small businesses and entrepreneurs with the gap financing they need to start or expand their businesses. On October 12, Romeo Chocolates, LLC, celebrated the grand opening of its brick-and-mortar location in Long Beach, California. Founded in 2014, Romeo Chocolates is a micro-batch, artisanal confection line featuring world-sourced chocolate with...

Driving Innovation for Disaster Response to Support America's First Responders and Build Resilient Communities

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Never is the nexus of public safety response and economic impact more prevalent than during a disaster. From flooding to hurricanes and wildfires, during a disaster, it is imperative that public safety and local officials have the best tools and technologies to save lives. Having this critical response infrastructure is also instrumental in helping local economies recover and remain resilient into...

Spotlight on Commerce: Jeffrey Burton, Administrative Director, Denver Regional Office, U.S. Economic Development Administration

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Guest blog by Jeffrey Burton, Administrative Director, Denver Regional Office, U.S. Economic Development Administration As the Administrative Director for the Denver Regional Office of the Economic Development Administration (EDA), I am responsible for leading a team of dedicated professionals in empowering 100 Economic Development Districts across 10 western states in meeting the economic...

Spotlight on Commerce: Craig Buerstatte, Acting Director, Office of Innovation & Entrepreneurship, U.S. Economic Development Administration

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Guest blog post by Craig Buerstatte, Acting Director, Office of Innovation & Entrepreneurship, U.S. Economic Development Administration As a young high schooler in a small Wisconsin town, I was fortunate to receive mentorship from an amazing group of community-focused Junior Reserve Officer Training Corps (JROTC) instructors. Their adventures of service and combat took them to places like Panama,...

Spotlight on Commerce: John C. Fleming, M.D., U.S. Assistant Secretary of Commerce for Economic Development

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Guest blog post by John C. Fleming, M.D., U.S. Assistant Secretary of Commerce for Economic Development I am honored to serve the American people in the service of President Donald J. Trump and Secretary Wilbur Ross at the Economic Development Administration (EDA) as we work together to help drive private sector investment to our nation’s most distressed communities. Through the President’s...

Remarks by Deputy Secretary Karen Dunn Kelley at the Opportunity Zones Association of America (OZAA) Pittsburgh Opportunity Zone Catalyst Event

Speeches
Thank you, Presley, for that kind introduction and thank you to Aaron Grau and the Opportunity Zones Association of America for hosting what will be the first of many roadshow events across the country. I also want to thank all of you for your work to promote Opportunity Zones to the investor community, and I look forward to the results we will deliver together for residents of Opportunity Zones....

U.S. Department of Commerce Invests $23 Million to Fuel High-Growth Entrepreneurship Across America

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U.S. Secretary of Commerce Wilbur Ross today announced that 44 organizations — including nonprofits, institutions of higher education, and entrepreneurship-focused organizations — from 28 states and two territories will receive grants totaling $23 million to create and expand high-growth entrepreneurship and increase access to capital for communities across America. The grants are made annually...

The Tax Cuts and Job Act: New Low Taxes and New Investments to Distressed Communities

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Today marks the first Tax Day under the new President Trump Tax Code, this massive tax cut benefits everyday working families and supports American businesses. In 2018, Americans started benefiting from the President’s Tax Cuts and Jobs Act as their take-home pay increased due to a lower tax burden and companies large and small passed the benefits of the business tax cuts on to their employees in...

Remarks by U.S. Commerce Secretary Wilbur L. Ross at the Port of Fernandina in Fernandina, Florida

Speeches
Thank you, Laura, for that kind introduction. It is my pleasure to be with all of you here at the Port of Fernandina. Thank you to the kind people of Nassau County for such a warm welcome. We are also honored to have with us your Representative in the U.S. Congress. Congressman John Rutherford has joined me today, and we are both very pleased to be here. This town is a gem. Don’t worry — I won’t...