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The U.S. Economic Development Administration (EDA) plays a unique role in assisting communities when catastrophe strikes. As the only federal agency focused solely on economic development, supporting a community facing a significant, potentially devastating, economic event following a natural disaster is a critical role EDA is proud to support.
[Read More on How EDA Supports Disaster Recovery]
Craig Buerstatte
Deputy Assistant Secretary for Regional Affairs
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Tech Hubs Share Bold Visions to Transform Regions
In February 2024, the 31 Tech Hub Designees submitted their Phase 2 applications, sharing bold visions for transforming their regions into globally competitive, critical technology hubs. EDA updated its website to include broad details about each of the 31 Designees’ proposals. While each Hub’s programs reflect their respective technology and industry focus, they are unified by the goals of the Tech Hubs program: making and delivering innovative products and services; developing our workforce for the jobs of tomorrow; and strengthening America’s economic competitiveness and national security. [Read More].
Recompete Phase 2 Applications Submitted
EDA’s Recompete Team is beginning the process of evaluating applications for the Recompete Pilot Program Phase 2 Notice of Funding Opportunity. Twenty-two Recompete Finalists were eligible to apply for implementation grants. EDA expects to award implementation funding to 4-8 Finalists, with each receiving between $20 to $50 million on average. Grants are expected to be announced this summer. [Read More]
Upcoming Event: Powering U.S. prosperity and competitiveness through place-based investment
After decades of growing economic divergence, the American Rescue Plan Act, the Infrastructure Investment and Jobs Act, the CHIPS and Science Act, and the Inflation Reduction Act represent a federal recommitment to investing directly in local communities to power national prosperity, competitiveness, and resilience. On May 21, the Brookings Institution and Duke University will host an event focused on this renewed place-based economic agenda, featuring high-level Biden administration officials, state and local leaders, and national experts. You can see the full agenda and register here.
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EDA Welcomes New Deputy Assistant Secretary for Economic Development & Chief Operating Officer
On April 22, EDA welcomed Ben Page as the new Deputy Assistant Secretary for Economic Development and Chief Operating Officer. He brings more than a decade of federal managerial experience to the position, having most recently served as Senior Advisor to Secretary of Commerce Gina Raimondo. In this role, he helped support implementation of the Department’s infrastructure and other large-scale programs while also serving as liaison to the White House Infrastructure Implementation Taskforce.
“As a long-time champion of EDA from roles across Commerce and government, I look forward to working with everyone to continue EDA’s tradition of success, build on recent accomplishments, and create a model organization to support economic development,” Page said. [Read More]
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MAINE
Marine Industry Reaches New Depths
Following a severe storm and coastal flooding, a $2 million EDA disaster supplemental investment supported development of a strategic roadmap to strengthen Maine’s marine living resources economy and increase resiliency against future natural disasters. The initiative has brought together leaders in the state’s commercial fishing, aquaculture, and seafood economy. [Read More]
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TEXAS
Multiple Grants Transform Lubbock
When Reese Air Force Base closed in 1997, local, state, and federal leaders quickly stepped in to mitigate the damage by redeveloping the base and finding ways to replace the lost jobs. Over the course of 23 years, EDA has made four separate investments to the Reese Technology Center, run by the Lubbock Reese Redevelopment Authority. [Read More]
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SMARTCITIES DIVE
You’ve Heard of the Peace Corps? Meet the Economic Recovery Corps
The 65 fellows are bringing planning, development, entrepreneurship, public administration and other relevant experience to projects in U.S. host communities. [Read More]
FORBES
Reauthorizing Economic Development Administration Critical to Business
The Senate Environment and Public Works Committee recently marked up legislation reauthorizing the Economic Development Administration (EDA) for the first time in nearly 20 years. The EDA is vital to growing small businesses across America and its reauthorization is a nonpartisan issue. [Read More]
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