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Build to Scale Applications Under Review
EDA is currently reviewing applications for the FY2024 $50 million Build to Scale program. The program supports organizations that strengthen entrepreneurial ecosystems that build and scale technology-driven businesses. EDA anticipates awarding 40 to 50 grants with amounts spanning from the low hundreds of thousands of dollars up to $5 million. Build to Scale’s 2024 grantees are expected to be announced in early 2025. [Read More]
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Manufacturing Boom Thanks to Biden-Harris Administration Investments
Manufacturing is one of EDA’s investment priorities and plays a critical role in U.S. economic competitiveness. In addition to helping transition communities to new economic futures through manufacturing, EDA and the Department of Commerce are helping America’s regions evolve to meet the ever-changing manufacturing needs ahead. [Read More]
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Economic Research Center Tools Support UCs
The National Economic Research and Resilience Center (NERRC) provides innovative and transparent economic data access, research, and analysis to support and strengthen economic development and resilience. An informational webinar will be held on November 12 to discuss the recently updated EDCI and how University Centers can benefit from using NERRC tools in their research. [Read More]
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EDA Celebrates Appointment of Julie Kitka as Denali Commission Federal Co-Chair
U.S. Department of Commerce Secretary Gina Raimondo has appointed Julie Kitka as the incoming Federal Co-Chair of the Denali Commission. EDA and the Denali Commission have a long history of coordination and collaboration supporting economic development, strengthening regional climate resiliency, and expanding access to economic opportunities for communities throughout the region, including Alaska’s Tribal nations. [Read More]
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Tech Hubs Tour
In October, EDA leadership continued the Great American Tech Hubs Tour, visiting hubs in Minnesota, Maine, Oklahoma, Pennsylvania, Illinois, South Carolina, Wisconsin, and Ohio to meet the Tech Hubs and connect with the communities they support. In our blog, updated each week, explore photos, videos, press coverage and more from across the nation. [Read More]
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Axios: An Ohio rubber town goes green
Akron’s Sustainable Polymers Tech Hub was made possible by the CHIPS and Science Act, which poured billions of dollars across the country to spur tech manufacturing and innovation. The tech hub piece of the law targets regions in the U.S. that already have infrastructure but could use money to supercharge critical tech ecosystems. Two years after the bill was signed into law, and after lengthy application processes, projects are starting to come to life. [Read More]
Axios: Tying CHIPS to democracy
Proponents of the CHIPS and Science Act say the law has the potential to help stabilize the country's democracy. Backers see an opportunity to connect the dots between economic prosperity and a restoration of people's faith in institutions. "I think that this is going to be not just a big economic boost, but also a huge opportunity to really shore up our democracy," said former Economic Development Administration assistant secretary Alejandra Castillo. [Read More]
Daily Yonder: Economic Development Districts: Partners in Rural Resilience and Prosperity
Writing grants, coordinating partners, managing programs, and even knowing where to look for information about available resources can be particularly difficult for small and rural communities. Fortunately, a national network of over 400 regional organizations called Economic Development Districts (EDDs) is available to assist communities and regions by writing and administering grants, collecting and mapping data, convening partners, and much more. [Read More]
Federal News Network: Commerce Department spreads CHIPs Act money across the country
The Commerce Department’s Economic Development Administration has made 184 million dollars in grants to six local jurisdictions. They’ll carry out plans to improve local economies. With how and why these six communities were chosen, the acting director of the Recompete Pilot Program, Rachael Sun joined the Federal Drive with Tom Temin. [Read More]
Work Shift: Community Colleges Emerge as Key Players in ‘Good Jobs Challenge’
The federally funded Good Jobs Challenge launched amid the pandemic with $500M in grants and a topline goal of helping 50K Americans break into jobs that were both in-demand and could sustain a family. It was one of the earliest in a series of initiatives by the Biden administration that have paired economic recovery for communities with economic advancement for individuals. [Read More]
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FLORIDA
SUCCESS STORY: Good Jobs Challenge Helps Students Design New Careers
A tech career accelerator in Miami is helping students gain the skills they need to succeed in the digital age. Created through the Miami Tech Works initiative, an EDA Good Jobs Challenge awardee, the program is creating a positive impact for many in the local community. [Read More]
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KENTUCKY
WBKO: Goodwill Opportunity Center to expand building and career services
With aid from a $2.8 million grant from the U.S. Economic Development Administration, the Goodwill Industries Opportunity Center will soon expand its services for those seeking assistance in beginning career pathways. With the expanded space, the opportunity center’s community partners will have their own office space within the building, moving toward a one-stop-shop model for those seeking a transitional program from incarceration to permanent employment. [Read More]
OHIO
WOWK: New roads, waterlines, and an economic boost on the horizon in Ironton, OH
Water and roads are two basic necessities in life and money is finally flowing to get a project on-path to immediately create jobs in Ironton. After being awarded a $2 million grant from the Coal Communities Commitment Fund through the Economic Development Administration (EDA), Ironton city officials broke ground on the South Third Street Reconstruction Project to fix ongoing issues. [Read More]
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