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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...

NTIA Celebrates 25 Years of Internet Use Survey Research on Consumer Use of Computers and the Internet

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We’re excited to celebrate the quarter-century birthday of our partnership with the Census Bureau on a survey about consumer use of computers and the Internet! Last month, across all fifty states and the District of Columbia, Census interviewers talked to 52,000 households for this comprehensive survey, which collects data every two years on who goes online, what computing devices and technologies...

BEA to Release First Official GDP Estimates for More than 3,000 Counties and 34 Industries

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The size of every county’s economy with industry detail will be officially released for the first time by the U.S. Bureau of Economic Analysis on Dec. 12. BEA will estimate annual gross domestic product, or GDP, for the years 2001 through 2018 for more than 3,000 counties. The data will include contributions to GDP by 34 industries, such as manufacturing, retail trade, and health and social...

Support Small Business on Small Business Saturday

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The following is a cross-post from the Small Business Administration Saturday, November 30, 2019 is Small Business Saturday – a day to celebrate and support small businesses and all they do for their communities. Every year since 1963, National Small Business Week has been recognizing the critical contributions of America’s entrepreneurs and small business owners. More than half of Americans...

Celebrating American Indian and Alaska Native Heritage Month

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The first American Indian Day was celebrated in May 1916 in New York. Red Fox James, a member of the Blackfeet Nation, rode horseback from state to state to get endorsements from 24 state governments to have a day to honor American Indians. In 1990, President George H.W. Bush signed a joint congressional resolution designating November 1990 as “National American Indian Heritage Month.” Similar...

Nation Celebrates Its 399th Annual Feast

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In the fall of 1621, the Pilgrims — early settlers of Plymouth Colony — held a three-day feast to celebrate a bountiful harvest. Many regard this event as the nation’s first Thanksgiving. The Wampanoag Indians in attendance played a key role but historians have recorded harvest ceremonies of thanks among other groups of European settlers in North America, including the British colonists in...

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...

Travel and Tourism Sector Supports 7.8 Million Jobs and Accounts for 2.8% of U.S GDP in 2018

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The travel and tourism industry—as measured by the real output of goods and services sold directly to visitors—increased 4.2 percent in 2018, according to the most recent statistics from the Travel and Tourism Satellite Account (TTSA) published by the Bureau of Economic Analysis (BEA). This is an acceleration from the 2.3 percent growth in 2017. These new statistics show growth in the travel and...