Reuters AlertNet – Alerting Humanitarians to Emergencies
Upcoming Events and News from the US Commerce Department – 2009
Acting Deputy Assistant Secretary of Commerce for Economic Development and Acting Deputy Assistant Secretary for External Affairs and Communications Dennis Alvord to Testify Before the House Transportation and Infrastructure Committee: Acting Deputy Assistant Secretary of Commerce for Economic Development and Acting Deputy Assistant Secretary for External Affairs and Communications Dennis Alvord will testify before the House Transportation and Infrastructure Committee on the status of the implementation of EDA’s funding under the American Recovery and Reinvestment Act. Open press. (April 29, 2009)
The Economic Development Administration and the Department of Labor’s Employment & Training Administration Present the Southeast Workforce and Economic Development Conference “Navigating Through the Storm” in Atlanta, Georgia: EDA and the Department of Labor’s Employment & Training Administration will present the Southeast Workforce and Economic Development Conference “Navigating Through the Storm” in Atlanta, Georgia. The conference is designed to present trends, strategies, and best practices in workforce and economic development. It is being structured as a positive, forward-looking event designed to promote collaborations between public and private-sector workforce and economic development leadership and promote regional, cross-cutting engagements supporting economic recovery efforts in the aftermath of sudden and severe job losses due to natural disasters, corporate restructuring and economic downturns. Open press. (May 4, 2009)
Implementing the Recovery Act
The overall funding level for State Department Operations in the American Recovery and Reinvestment Act is $602 million (which includes up to $38 million for USAID), $20.5 million above the Senate passed level, and $64 million above the House passed level, but $563 million below the Department’s original request. The bill provides funding for the enhancement of Department facilities.
The funding includes:
- Diplomatic & Consular Programs (D&CP) ($90 million): Conference report language references the Diplomatic Security training facility, Consular Affairs passport facilities, and training facilities, but no specific funding levels are provided for individual projects in this account.
- D&CP/Capital Investment Fund (CIF): $290 million is provided for the CIF, of which “up to $38 million shall be transferred, and merged with, funds” for USAID for immediate information technology investments.
- Office of Inspector General (OIG): $2 million is provided to OIG for oversight requirements.
- International Commissions/International Boundary and Water Commission (IBWC) Construction: $220 million is provided for the U.S. Section of IBWC for repair and rehabilitation of deficient infrastructure along 506 miles of flood control levees. Note: The U.S. Section of the IBWC is a quasi-independent federal agency, operating under the foreign policy guidance of and funded through the Department of State.
Department Plans and Reports
– April 20, 2009 Weekly Update [PDF]
– April 13, 2009 Weekly Update [PDF]
Department of State Recovery Plans, Recovery Program Reports, and other agency- and program-specific reports required by the Recovery Act will be posted on this site as soon as they are available.
The Recovery Act Legislation
For information about Commerce agencies’ efforts, visit Commerce.gov/Recovery.
For information about the entire government’s effort, visit Recovery.gov.
Programs & Services
U.S. Commercial Service – Offers valuable assistance to help your business export goods and services to markets worldwide. From this site you can access a global listing of trade events, international market research, and practical tools to help with every step of the export process.
Export.gov – Export.gov is the U.S. Government’s online entrypoint for U.S. exporters. The site organizes export-related programs, services and market research information from across 19 federal agencies and provides a sophisticated cross-agency search capability.
Manufacturing and Services – Offers a well-coordinated, economical, and accessible array of services to help small businesses increase their export potential.
International Trade Update Newsletter – Published monthly by the Office of Public Affairsof the International Trade Administration.
China Business Information Center – China is a region of great opportunity for all types of companies–not just large multinationals. Doing business in China can still be challenging. The China Business Information Center site will help open the China market for your company.
Middle East and North Africa Business Information Center – The Middle East and North Africa is a region of great opportunity got sll types of for all types of companies – not just large multinationals, but business in the region can be challenging as well as rewarding. Find out whether doing business in the Middle East and North Africa is for you. What are the opportunities? What does it take to succeed? Let us help you assess your possible risks vs. potential rewards.
Business Information Services for the Newly Independent States – The U.S. Government’s primary market information center for U.S. companies exploring business opportunities in Russia and other Newly Independent States.
Platinum Key Service – The platinum Key Service allows U.S. companies to take advantage of longer term, customized U.S. Commerce Service assistance including, but not limited to, identifying markets, launching products, developing major project opportunities, resolving commercial disputes and providing assistance on regulatory or technical standards matters in overseas markets.
Market Access and Compliance – MAC’s overall objectives are to obtain market access for American firms and workers and to achieve full compliance by foreign nations with trade agreements they sign with our country.
Other Access & Compliance Resources
Trade Compliance Center – Helps American exporters overcome foreign trade barriers and works to ensure that foreign countries comply with their commitments to the United States.
Trade Advocacy Center – Acts as a unique, central coordinating point marshaling the resources of 19 US government agencies in the Trade Promotion Coordinating Committee to ensure that sales of US products and services have the best possible chance abroad.
Filing Requirements in AD/CVD Proceedings
U.S. Commercial Service
The U.S. Commercial Service is the trade promotion unit of the International Trade Administration.
U.S. Commercial Service trade specialists in 107 U.S. cities and in more than 80 countries work with your company to help you get started in exporting or increase your sales to new global markets. Our services include:
- World class market research
- Trade events that promote your product or service to qualified buyers
- Introductions to qualified buyers and distributors
- Counseling and advocacy through every step of the export process
To learn more about how the U.S. Commercial Service can help your company export, contact a U.S. Export Assistance Center near your or call 1-800-USA-TRAD(E).
The U.S. Commercial Service uses Export.gov, the U.S. Government’s export portal, as its main online resource for exporting clients. For market research, trade events, trade leads, and information on how to export, please visit Export.gov.
Manufacturing and Services
The Manufacturing and Services (MAS) unit of the International Trade Administration (ITA) is dedicated to enhancing the global competitiveness of U.S. industry, expanding its market access, and increasing its exports. (more) (MAS Overview at a Glance)
International Trade Update
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The Platinum Key Service allows U.S. companies to take advantage of longer term, sustained and customized U.S. Commercial Service assistance on a range of issues.
The service is solution-oriented and tailored to the client’s needs through a mutually agreed upon scope of work. The service can include a range of issues including, but not limited to, identifying markets, launching products, developing major project opportunities, resolving commercial disputes and providing assistance on regulatory or technical standards matters.
Ongoing service is available for six months, one year, or a specified timeframe based on the mutually agreed-upon scope of work. Our overseas specialists will work closely with clients to identify and outline specific needs, provide progress reports and ensure timely delivery of service.
Identify the best export markets
Locate valuable market research
Develop the most appropriate market entry strategy
Identify prospective agents, distributors, licensees, and other business partners
Develop marketing and selling strategies
Understand the regulatory and product standards in your target markets
Work closely with your company to identify and outline your specific needs
Provide progress reports
Ensure timely delivery of the service
The service is fee-based and can last as long as a year, based on your company’s requirements.
To request this service, contact an Export Assistance Center near you.
1-800 USA TRAD(E)
Basics: Marketing Plan
Int’l Sales/Mktg Home
Information and Counseling
Strategy and Planning
Market Research and Due Diligence
Advertising and Promotional Events
Market Entry and Expansion
Advocacy and Dispute Resolution
Export.gov is the U.S. Government’s export promotion and finance portal. We designed this portal to deliver critical export information and services from across the U.S. Government to small and medium-sized U.S. companies to begin or expand their exporting business.
Federal export assistance is delivered by many U.S. Government Agencies. To learn more about these various agencies, we have provided you the following list.
International Trade Administration
Department of Energy
Foreign Agriculture Service (FAS)
Agency for International Development (USAID)
Overseas Private Investment Corporation (OPIC)
Small Business Administration
Department of State
U.S. Trade and Development Agency (USTDA)
Office of Foreign Assets Control
United States Trade Representative
International Trade Administration
The International Trade Administration (ITA) of the Department of Commerce, provides the leadership and funding for this website.
ITA’s lead business unit for trade promotion is the U.S. Commercial Service which supports U.S. businesses through its global network of offices. The U.S. Commercial Service offers four ways to grow your international sales:
trade events that promote your product or service to qualified buyers
counseling through every step of the export process
For more information about how our worldwide network can help your company, call 1-800-USA-TRADE or contact our Export Assistance Centers.
ITA’s other business units include: Market Access and Compliance which resolves market access issues, identifies and reduces trade barriers and ensures that foreign countries are in compliance with trade agreements; Manufacturing and Services which advocates policies to help U.S. companies be competitive at home and around the world and ensures industry’s voice is reflected in policy development; and Import Administration which administers various trade laws, monitors subsidies and promotes textile exports.
The Export-Import Bank of the United States (Ex-Im Bank) is the official export credit agency of the United States. Ex-Im Bank’s mission is to assist in financing the export of U.S. goods and services to international markets.
Ex-Im Bank enables U.S. companies — large and small — to turn export opportunities into real sales that help to maintain and create U.S. jobs and contribute to a stronger national economy.
Ex-Im Bank does not compete with private sector lenders but provides export financing products that fill gaps in trade financing. We assume credit and country risks that the private sector is unable or unwilling to accept. We also help to level the playing field for U.S. exporters by matching the financing that other governments provide to their exporters.
Foreign Agriculture Service (FAS)
The Foreign Agricultural Service (FAS) of the U.S. Department of Agriculture (USDA) works to improve foreign market access for U.S. products, build new markets, improve the competitive position of U.S. agriculture in the global marketplace, and provide food aid and technical assistance to foreign countries.
FAS has the primary responsibility for USDA’s international activities—market development, trade agreements and negotiations, and the collection and analysis of statistics and market information. It also administers USDA’s export credit guarantee and food aid programs, and helps increase income and food availability in developing nations by mobilizing expertise for agriculturally led economic growth.
FAS also enhances U.S. agriculture’s competitiveness by providing linkages to global resources and international organizations.
Agency for International Development (USAID)
Agency for International Development (USAID) is an independent federal government agency that receives overall foreign policy guidance from the Secretary of State. Our work supports long-term and equitable economic growth and advances U.S. foreign policy objectives by supporting:
economic growth, agriculture and trade;
global health; and,
democracy, conflict prevention and humanitarian assistance.
Overseas Private Investment Corporation (OPIC)
Overseas Private Investment Corporation (OPIC) helps U.S. businesses invest overseas, fosters economic development in new and emerging markets, complements the private sector in managing risks associated with foreign direct investment, and supports U.S. foreign policy. Because OPIC charges market-based fees for its products, it operates on a self-sustaining basis at no net cost to taxpayers.
U.S. Trade and Development Agency (USTDA)
The U.S. Trade and Development Agency (USTDA)’s mission is to advance economic development and U.S. commercial interests in developing and middle-income countries. To this end, the agency funds various forms of technical assistance, investment analysis, training, orientation visits and business workshops that support the development of a modern infrastructure and a fair and open trading environment. In carrying out its mission, USTDA gives emphasis to economic sectors that may benefit from U.S. exports of goods and services.
United States Trade Representative
The Office of the United States Trade Representative (USTR) is an agency of over 200 people, a highly committed group of professionals who have decades of specialized experience in trade issues and regions of the world. They negotiate directly with foreign governments to create trade agreements, resolve disputes and participate in global trade policy organizations. They also meet with governments, business groups, legislators and public interest groups to gather input on trade issues and explain the president’s trade policy positions.
Office of Foreign Assets Control
The Office of Foreign Assets Control (OFAC) of the US Department of the Treasury administers and enforces economic and trade sanctions based on US foreign policy and national security goals against targeted foreign countries, terrorists, international narcotics traffickers, and those engaged in activities related to the proliferation of weapons of mass destruction. OFAC acts under Presidential wartime and national emergency powers, as well as authority granted by specific legislation, to impose controls on transactions and freeze foreign assets under US jurisdiction.
Department of State
The Department of State is the lead US foreign affairs agency, and the Secretary of State is the President’s principal foreign policy adviser. The Department advances US objectives and interests in shaping a freer, more secure, and more prosperous world through its primary role in developing and implementing the President’s foreign policy.
The Bureau of Economic and Business Affairs (EB) formulates and carries out U.S. foreign economic policy, integrating U.S. economic interests with our foreign policy goals so that U.S. firms and investors can compete on an equal basis with their counterparts overseas. It implements American economic policy in cooperation with U.S. companies, U.S. Government agencies, and other organizations.
Department of Energy
The Department of Energy’s overarching mission is to advance the national, economic, and energy security of the United States; to promote scientific and technological innovation in support of that mission; and to ensure the environmental cleanup of the national nuclear weapons complex.
Small Business Administration
The Small Business Administration (SBA), created in 1953, is the only independent agency of the federal government with the sole mission of assisting small businesses to start, grow and prosper. SBA offers loan guaranty programs that enable the small business exporter to obtain working capital to finance pre- and post- shipment needs, increase global competitiveness, enhance their ability to export a product or service and financing for acquisition of long term fixed assets.
SBA delivers its export loan programs through a network of SBA Regional Managers located in U.S. Export Assistance Centers throughout the country. More information on SBA’s assistance to U.S. small business exporters can be found on the International Trade section of their web site.
Department of Commerce (DOC)
Economic Development Administration (EDA)
International Trade Administration (ITA)
Special American Business Internship Training Program (SABIT). A technical assistance initiative of the International Trade Administration of the U.S. Department of Commerce, SABIT offers organizations competitive grants and an opportunity to host industry-specific delegations. SABIT serves as an initial entry point for U.S. businesses seeking funding to establish long-term relationships with potential customers, distributors, or partners in the former Soviet Union. The program trains Eurasian managers and scientists in commonly accepted business practices as a means of facilitating cross border relationships. In turn, these personal relationships serve as a basis for business development and reduce market access barriers for U.S. businesses
National Institute of Standards & Technology (NIST)
National Telecommunications & Information Administration (NTIA)
National Oceanic & Atmospheric Administration (NOAA)
Make-Up Conference Call Tuesday, May 5 at 2:00 Eastern
We’ll have one last conference call to discuss the program. We will not cover the basic description of the program during this call. We covered this in the April 22, call. Those unfamiliar with MDCP should study the contents of the “About MDCP” pages on this website prior to the May 5, call. To participate, dial: 888-282-0357, passcode: 10147. The call leader is LaTonya Milstead.
MDCP Applications Due June 2
All applicants should plan on submitting their applications online via grants.gov well before the deadline, 5:00 p.m. Eastern Daylight Time on June 2. It often takes several days to secure all the registration information needed by grants.gov. All applicants should access grants.gov to set up an account as soon as possible.
Funding Opportunity Notice Was Published on April 7
April 7 marks the date that notice for federal MDCP funding is published in the Federal Register and on grants.gov. It also means that April 6 was the last day for applicants to freely pitch their ideas to federal employees and get their feedback. Applicants can still talk to ITA officials. However, ITA officials are not allowed to comment on the merits of MDCP project ideas. See FAQs 6 and 7 for more about restrictions on comments from ITA. (Although we focus on comments from ITA, the restriction applies to all federal employees.)
Online Discussion Group
Potential applicants and others interested in MDCP can stay in touch with each other via a new list serve. The group may be found on Google Groups. Use “MDCP” as your search term. Once you sign up or log in to Google Groups and find the MDCP group, follow the instructions to request to become a member of this group. The group is not an official federal government website. Parties interested in MDCP use this group to communicate and share information with others interested in MDCP.
Four New MDCP Awards Made in 2008
Click on “Award Recipients” above to see a brief description of the latest MDCP awards.
About the Market Development Cooperator Program (MDCP)
MDCP Projects Help ITA Fulfill Its Mission
ITA Priorities (most recent published)
Project Examples (Presentation April 2007)
Descriptive Table (Presentation April 2007)
| CSTARS – Automated Procurement System
| The Commerce Standard Acquisition and Reporting System (CSTARS) is an enterprise-wide procurement system supporting the underlying standard acquisition business process for the Department of Commerce. CSTARS is an IT-enabled tool that DoC acquisition professionals use to provide the highest level of customer service for acquiring products and services. CSTARS is currently in production at the Office of the Secretary (OS), National Institute of Standards and Technology (NIST), National Oceanic and Atmospheric Administration (NOAA) and the Bureau of the Census (BOC).
CSTARS can be used to create requisitions, review and approve documents, create purchase requests, build procurement plans, manage vendors – utilizing the Central Contractor Registry, create solicitiations, create awards, provide reports, and monitor workload. The program maintains strong sponsorship and support from the Deputy Chief Financial Officer (CFO), Deputy Chief Information Officer (CIO), and the Department’s Procurement Executive. The CSTARS Tri-fold was developed in order to provide a quick overview of the program. Monthly user group meetings are held at the various user locations to resolve outstanding issues, and maintain user participation and ownership.
Grants Management Division
Department of Commerce Financial Assistance Community
|Grant-making bureaus within DOC
|The Points of Contact for each bureau
|Solutions used by the Grant Community
This section provides current information on EDA’s Programs, Investment Policies and Funding Opportunities.
The section also provides easy access to Laws and Regulations that apply to EDA’s Programs, and guidance for those who may be interested in applying for EDA’s Investment Awards.
The Programs page provides descriptions of EDA’s different investment programs: Public Works and Economic Development, Economic Adjustment Assistance, Research and National Technical Assistance, Local Technical Assistance, Planning Program, University Center Economic Development, and Trade Adjustment Assistance for Firms.
The Investment Policy Guidelines page outlines what EDA is looking for in potential applicants and what it believes will truly lead to economic development.
The Federal Funding Opportunity and Other Notices page provides links to FY 2006 Economic Development Assistance Programs, Technical Assistance Program, and Research and Evaluation Program.
The Laws and Regulations page outlines the rules and regulations that apply directly to EDA related activities.
The Comprehensive Economic Development Strategies (CEDS) Summary of Requirements PDF, provides a synopsis of the requirements for comprehensive economic development strategies.
Click HERE for a plain background version for printing.
The Application Requirements page provides a detailed explanation of what is expected from applicants throughout the application process including links to application forms.
The Post-Award Requirements page outlines Revolving Loan Fund (RLF) Grant Reporting Requirements, Financial Reporting Requirements and Performance Reporting Requirements with GPRA Forms and Instructions.
SUMMARY OF EDA INVESTMENTS
March 30-April 3, 2009EDA announced two investments greater than $100,000 during the period March 30-April 3, 2009 totaling $1,050,000. These investments are part of projects totaling $1,238,130.
$750,000 to the Downtown Development District of New Orleans, Louisiana, to fund the development of an economic development strategy to increase the competitiveness of downtown New Orleans. The study will identify the issues hampering the city’s competitiveness and facilitate the physical improvements, amenity development, social networks, and place branding that will attract diverse worker populations and new entrepreneurial growth companies. (The Second Supplemental Appropriations Disaster Relief Opportunity funds this investment for New Orleans to address the impact of Hurricanes Katrina and Gustav.) This investment is part of a $938,130 project.
$300,000 to the South East Texas Economic Development District, Beaumont, Texas, to support development of an economic recovery strategy focusing on damage assessment and speeding economic recovery efforts to the Golden Triangle Region, the counties of Hardin, Jefferson, and Orange, severely impacted by Hurricanes Gustav and Ike. This investment is part of a $300,000 project.
March 23-27, 2009EDA announced two investments greater than $100,000 during the period March 23-27, 2009 totaling $3 million. These investments are part of projects totaling $5 million, creating 518 jobs and generating more than $6 million in private investment.
$1.5 million to West Texas A&M University, Canyon, Texas, to construct four research laboratories at West Texas A&M’s Palo Duro Research Center in Canyon. The laboratories will support agricultural, business, and wind/alternative energy research. The associated office space will house two economic development organizations. The research will assist local manufacturers with product development and increase and diversify the region’s agricultural productivity. This investment is part of a $3 million project that will help create 500 jobs and generate $6 million in private investment.
$1.5 million to the White River Health System, Inc., Batesville, Arkansas, to construct new clinical space for the Stone County Medical Center in Mountain View. In 2008 the hospital was devastated by an F4 tornado, and the Stone County, FEMA-designated region suffered from two major floods. This investment is part of a $2 million investment that will help create 18 jobs.
March 16-20, 2009EDA announced three investments greater than $100,000 during the period March 16-20, 2009 totaling $2,426,640. These investments are part of projects totaling $4,193,592, creating 300 jobs and generating more than $9 million in private investment.
$1.676 million to the Hillsborough Community College in Tampa, Florida, to fund renovation of a workforce training center at the Ybor City campus of Hillsborough College to train students in auto collision repair and auto mechanics. Florida has a critical need for skilled auto mechanics and the Ybor City center will be one of only thirteen in the state to offer this training. This investment is part of a $3,352,952 project that will help create 300 jobs and generate private investment in excess of $9 million.
$405,640 to the Etowah Utilities Board and the city of Etowah, Tennessee for a joint investment funded by the Appalachian Regional Commission and administered by the Economic Development Administration (EDA). In 2008 EDA awarded a grant for $1 million to support an earlier phase of this project. The improvements to the waste water treatment plan will allow industrial expansion and benefit all customers in the service area. This investment is part of a $405,640 project.
$345,000 to the Big Pine Paiute Tribe, Big Pine, California, to fund the final design for a travel plaza on Highway 395 south of the town of Big Pine. The construction of the tourist-friendly truck stop would offer services to the many tourist and business travelers passing through the area and create much needed jobs for the community. The design will include green technology for long-term, cost-effective maintenance and operation. This investment is part of a $435,000 project.
March 9-13, 2009EDA announced eight investments greater than $100,000 during the period March 9-13, 2009 totaling $4,239,171. These investments are part of projects totaling $13,359,958, creating 1,620 jobs, saving 250 jobs, and generating more than $214.9 million in private investment.
$1.2 million to the city of Fairfield, Illinois, to fund construction of a new water treatment plant for the city of Fairfield. The enhanced facility will help meet the increasing water demand as existing businesses expand and permit businesses to locate in the city-owned Highway 45 South Industrial Park. This investment is part of a $9.314 million project that will help create 235 jobs, save 40 jobs and generate $172 million in private investment.
$900,000 to the Southeast Iowa Regional Planning Commission, Burlington, Iowa, to recapitalize a Revolving Loan Fund (RLF) that serves southeastern Iowa. The recapitalized funds will assist businesses that were severely impacted by the Midwest Floods of 2008. This investment is part of a $1 million project that will help create 1,000 jobs and generate $6 million in private investment.
$529,171 to the Economic Development Catalyst Organization, Austin, Texas, to fund a high tech business incubator program. The Economic Development Catalyst Organization (EDCO) is a non-profit organization that provides technical assistance to entrepreneurs to facilitate the creation of high-growth, high-potential enterprises in economically distressed areas. EDCO expects to launch three or more companies in the border region over the next two years. This investment is part of a $755,958 project.
$500,000 to the East Central Intergovernmental Association, Dubuque, Iowa, to recapitalize a Revolving Loan Fund (RLF) that serves eastern Iowa. The recapitalized funds will assist businesses that were severely impacted by the Midwest Floods of 2008. This investment is part of a $650,000 project that will help create 75 jobs, save 75 jobs and generate $3.9 million in private investment.
$400,000 to the city of Williamston, Michigan, to fund infrastructure improvements, including roadway and water and sewer lines, to accommodate expansion of the city of Williamston’s industrial park and will support rapid industrial and commercial development along the Interstate 96 Lansing to Detroit corridor. This investment is part of an $800,000 project that will help create 170 jobs and generate $3.2 million in private investment.
$400,000 to the North Iowa Area Council of Governments, Mason City, Iowa, to establish a Revolving Loan Fund to serve northern Iowa. The funds will assist businesses that were severely impacted by the Midwest Floods of 2008. This investment is part of a $460,000 project that will help create 140 jobs, save 135 jobs, and generate $2.8 million in private investment.
$200,000 to the Columbia Pacific Economic Development District, St. Helens, Oregon, to support development of an economic recovery strategy focusing on damage assessment and speeding economic recovery efforts to the northwest Oregon communities severely impacted by recent floods. This investment is part of a $270,000 project.
$110,000 to the Commonwealth of Northern Mariana Islands Saipan/Northern Mariana Islands, to support development and implementation of a comprehensive economic development strategy (CEDS) in the Commonwealth of Northern Mariana Islands for the islands of Saipan, Rota, and Tinian. The CEDS process is designed to bring together the public and private sectors in the creation of an economic development roadmap to diversify and strengthen the regional economy. This investment is part of a $110,000 project.
February 9-13, 2009EDA announced one investment greater than $100,000 during the period February 9-13, 2009 totaling $225,000. This investment is part of a project totaling $300,000 that will help create 130 jobs and generate more than $4 million in private investment.
$225,000 to the South Eastern Development Foundation, Sioux Falls, South Dakota, to recapitalize a revolving loan fund that serves southeastern South Dakota. The recapitalized funds will assist businesses that were severely impacted by the Midwest Floods of 2008. This investment is part of a $300,000 project that will help create 130 jobs and generate private investment in excess of $4 million.
February 2-6, 2009EDA announced four investments greater than $100,000 during the period February 2-6, 2009 totaling $1.564 million. These investments are part of projects totaling $1.731 million, creating 548 jobs, saving 547 jobs, and generating more than $9.6 million in private investment.
$750,000 to the Iowa Northland Regional Economic Development Commission, Waterloo, Iowa, to establish a Revolving Loan Fund (RLF) that will serve northeastern Iowa. The RLF will assist businesses that were severely impacted by the Midwest Floods of 2008. This investment is part of a $775,000 project that will help create 233 jobs, save 232 jobs and generate more than $4.7 million in private investment.
$375,000 to the Southern Iowa Council of Governments, Inc., Creston, Iowa, to recapitalize a Revolving Loan Fund to serve south central Iowa. The recapitalized funds will assist businesses that were severely impacted by the Midwest Floods of 2008. This investment is part of a $417,000 project that will help create 240 jobs, retain 240 jobs and generate $2.5 million in private investment.
$300,000 to the Boonslick Regional Planning Commission, Warrenton, Missouri, to recapitalize a Revolving Loan Fund that serves east central Missouri. The recapitalized funds will assist businesses that were severely impacted by the Midwest Floods of 2008. This investment is part of a $400,000 project that will help create 75 jobs, save 75 jobs, and generate private investment in excess of $2.4 million.
$139,000 to the Upper Explorerland Regional Planning Commission, Postville, Iowa, to support development of an economic recovery strategy focusing on damage assessment and speeding economic recovery efforts to the northeast Iowa communities severely impacted by the Midwest Floods of 2008. This investment is part of a $139,000 project.
January 26-30, 2009EDA announced three investments greater than $100,000 during the period January 26-30, 2009 totaling $4.125 million. These investments are part of projects totaling $8.2 million, creating 104 jobs, saving 505 jobs, and generating more than $33 million in private investment.
$2 million to Keokuk Municipal Waterworks, Keokuk, Iowa, to fund construction of an improved water distribution system and storage facility for the city of Keokuk. These improvements will help meet the increasing water demand from the city’s manufacturing sector and enable business expansion and the location of new industries to the area. This investment is part of a $5.4 million project that will help create 44 jobs, retain 445 jobs and generate $30 million in private investment.
$1.725 million to the St. Louis County Economic Council, Clayton, Missouri, for development of a strategic plan to speed economic recovery to Missouri communities severely impacted by the recent Midwest floods. This plan will determine the viability of a commercial hub for foreign trade at Lambert Airfield in St. Louis. The proposed hub will provide enhanced trade and export opportunities for agricultural products, high-tech equipment and other manufactured goods produced in the Midwest. This investment is part of a $2.3 million project that will help minimize economic dislocations resulting from natural and other disasters, improving responsiveness and effectiveness in the recovery process.
$400,000 to the Southwest Iowa Planning Council, Atlantic, Iowa, for recapitalization of a Revolving Loan Fund that serves south western Iowa. Once the recapitalized funds are in place, business will be able to apply to the grant recipient for loans. These loans will provide needed capital to businesses and communities severely impacted by the Midwest Floods of 2008. This investment is part of a $500,000 project that will help create 60 jobs, retain 60 jobs and generate more than $3 million in private investment.
January 16-23, 2009EDA announced 2 investments greater than $100,000 during the period January 16-23, 2009, totaling $848,000. These investments are part of projects totaling $865,368.
$518,000 to the Ciunerkiurvik Corporation, St. Mary’s Alaska, to complete the renovation of an existing educational facility in St. Mary’s. The training opportunities including mechanics, office skills, and construction trades. The introduction of internet access will also increase employment opportunities. This investment is part of a $518,000 project.
$330,000 to the Association of Village Council Presidents, Bethel, Alaska, to support construction of an airplane hanger in Bethel. The facility will be used to train pilots and aircraft mechanics. Those professions are in consistent demand by the airline industry in rural Alaska. This investment is part of a $347,368 project.
December 15-19, 2008EDA announced 10 investments greater than $100,000 during the period December 15-19, 2008, totaling $11,660,434. These investments are part of projects totaling $19,849,079, creating 2,402 jobs, saving 100 jobs, and generating $188.1 million in private investment.
$3 million to the Matanuska-Susitna Borough, Palmer, Alaska, to fund construction of Alaska’s first Regional Resource Recovery and Training Park, which will expand the Valley Community for Recycling Solutions in Matanuska-Susitna Borough. The LEED-certified facility will serve as a regional recovery center for recyclable materials, encourage exploratory industries that manufacture recycled products, and support recycling technology training programs. The economic development benefits of recycling in the region are already striking and will increase with the expansion of this facility. This investment is part of a $5.5 million project that will help create 177 jobs and generate $25 million in private investment.
$2.8 million to Sun Valley Care Development, Inc., Sun Valley, California, to fund construction of a nursing and medical technology training facility in Sun Valley, on a site shared with a campus of Christian Community College. The new facility will train at-risk young adults in the Los Angeles area for vocational positions in the health care industry and help meet the region’s long term health care needs. This investment is part of a $4.05 million project that will help create 765 jobs and generate $11.5 million in private investment.
$2.3 million to the Eastern Shore of Virginia Broadband Authority, Accomac, for construction of 66 miles of fiber optic broadband network lines from the NASA Wallops Island Flight Facility to Cape Charles, Virginia. The network will provide high-speed broadband access to support the naval facility and expansion of existing financial, manufacturing, and research and development businesses in the region. This investment is part of a $4.75 million project that will help create 760 jobs and generate $109 million in private investment.
$970,000 to the Blackfeet Tribal Business Council, Browning, Montana, to fund the renovation and modernization of an existing industrial building owned by the Blackfeet Tribe. The state-of-the-art improvements will allow the Tribe to take advantage of new manufacturing opportunities in both the military and commercial sectors. This investment is part of a $1,247,500 project that will help create 100 jobs and generate $3.1 million in private investment.
$850,000 for a joint investment to the Northeastern Technical College and the Northeastern Technical College Area Commission, Cheraw, South Carolina, to fund construction of one new classroom building on the Dillon campus and the renovation of an existing building on the Cheraw campus. Both sites will offer the Associate Degree in Nursing to address the critical need for qualified healthcare workers in the rural counties of Chesterfield, Marlboro, and Dillon. This investment is part of a $1.423 million project that will help create 206 jobs and generate $27.3 million in private investment.
$750,000 to the Planning and Development District III, Yankton, South Dakota, to recapitalize a Revolving Loan Fund that serves southeast South Dakota. The recapitalized funds will assist businesses that were severely impacted by the recent Midwest Floods. This investment is part of a $1 million project that will help create 100 jobs, save 100 jobs and generate $6 million in private investment.
$450,000 to the Region XII Council of Governments, Carroll, Iowa, to recapitalize a Revolving Loan Fund (RLF) that serves western central Iowa. The recapitalized funds will assist businesses that were severely impacted by the Midwest Floods of 2008. This investment is part of a $600,000 project that will help create 261 jobs and generate $3.6 million in private investment.
$300,000 to the Goodwill Industries of Kentucky, Louisville, to fund construction of a Goodwill Industries of Kentucky training and collection center facility in the city of Columbia. The center will provide counseling, on-the-job training and employment for people with disabilities, benefitting them and their community. This investment is part of a $958,000 project that will help create 33 jobs and generate 2.6 million in private investment.
$129,434 to the River Hills Economic Development District and Regional Planning Commission, Jeffersonville, Indiana, to support development of an economic recovery strategy focusing on damage assessment and speeding economic recovery efforts to the south central Indiana communities severely impacted by the recent Midwest floods. This investment is part of a $172,579 project.
$111,000 to the Southern Indiana Development Commission, Loogootee, Indiana, to support development of an economic recovery strategy focusing on damage assessment and speeding economic recovery efforts to the southern Indiana communities severely impacted by the recent Midwest floods. This investment is part of a $148,000 project.
December 1-5, 2008EDA announced one investment greater than $100,000 during the period December 1-5, 2008 totaling $574,800. This investment will help create 28 jobs, save 44 jobs, and generate more than $1.7 million in private investment.
$574,800 to the Sitka Tribe of Alaska for construction of a new building for the Sitka Tribal Tannery. The facility will increase the production capacity of the existing fur industry, expand the number of higher wage jobs in the area, and support the growing collaboration with tourism and tribal arts industries in southeast Alaska. This investment is part of a $574,800 project that will help create 28 jobs, save 44 jobs and generate more than $1.7 million in private investment.
November 17-21, 2008EDA announced 5 investments greater than $100,000 during the period November 17-21 totaling $3.861 million. These investments are part of projects totaling $9,346,667, creating 1,115 jobs, and generating more than $153.1 million in private investment.
$1.6 million to the city of Jonesboro, Arkansas, to fund the construction of a rail spur and road improvements necessary to expand the Craighead Technology Industrial Park in Jonesboro. This investment is part of a $3.2 million project that will help create 700 jobs and generate $100 million in private investment.
$1 million to the city of Newberry, South Carolina, to fund expansion of Newberry’s existing wastewater treatment plant to accommodate industrial expansion that will bring much needed jobs to the region. This investment is part of a $3.845 million project that will help create 180 jobs and generate $30 million in private investment.
$600,000 to the Science and Technology Park Development Corporation, Albuquerque, New Mexico, to fund infrastructure and equipment improvements needed to build a fiber-optic security network at the Sandia Science and Technology Park in Albuquerque. This investment is part of a $1.2 million project that will help create 200 jobs and generate $10.1 million in private investment.
$400,000 to the New Mexico Community Capital, Bernalillo, New Mexico, to fund IMPACT-New Mexico, the state’s only community development venture capital organization, for another year and allows it to expand its activities of making equity investments in small businesses that promise rapid growth and greater benefits for the communities’ economic growth. This investment is part of a $666,667 project.
$261,000 to Polk Township, Maryville, Missouri, to fund roadway improvements that will provide improved access to the Maryville Industrial Development Corporation Industrial Park and allow new industries to locate there. This investment is part of a $435,000 project that will help create 35 jobs and generate $13 million in private investment.