EDA RLFs Provide 45,000 Loans to Businesses

EDA’s Revolving Loan Fund (RLF) program provides a flexible source of capital for businesses. There are 400 RLF operators in 50 states and four territories. These RLFs have provided a combined $1.3 billion in capital for community investment through 45,000 loans to small and medium-sized businesses, creating and saving 700,000 jobs. EDA recently featured the program through #RLFWeek on social media. [Read More]

Focus on Place-Based Growth

National Economic Advisor Lael Brainard highlighted the Biden Administrations emphasis on place-based growth during a recent presentation at the Brookings Institution. During her remarks, she spotlighted EDA’s suite of programs including Tech Hubs and Recompete as key examples of the economic approach. [Watch Here]

UC Hub Boosting Collaboration

For nearly 45 years, EDA’s University Center (UC) program has empowered leading colleges and universities to become champions of regional economic ecosystems. To better maximize the impact of the UC program, EDA’s Research and National Technical Assistance program is providing a $250,461 grant to Civic Roundtable to create the UC Hub, a digital platform for connectivity and cooperation between EDA’s 73 University Centers. [Read More]

U.S. Conference of Mayors

Assistant Secretary Alejandra Y. Castillo participated in the U.S. Conference of Mayors Winter Meeting, joining a panel focused on Economic Growth and Economic Mobility in Cities. She emphasized EDA’s partnerships with cities to increase economic growth to generate more business and job opportunities for local communities.

Deep Dive into Tech Hubs

Assistant Secretary Castillo joined “The BUZZ with ACT-IAC” podcast to discuss the CHIPS and Science Act and EDA’s Tech Hubs program. The podcast took a deep dive into the program, looking at what it seeks to accomplish and why it matters. [Listen Here]