|
In this
issue...
- Register Now for the
September 26 EDA Symposium in Kansas
City on Entrepreneurship!
- Commerce Secretary
Gutierrez Announces National Summit
on American Competitiveness
- EDA Announces Performance
Award Winners
- View EDA's
FY 2005 and FY 2006 Annual Report
- Input Requested on Economic
Development Administration Reauthorization
- Summer Edition of Economic
Development America
to Be Published in August
- 92,000 Jobs Created in July
- Let The Good News Roll:
This Is a Great Time to Visit and Invest in the Gulf Coast
- Economic Development in the
21st Century: New Leadership, New Models; Register today for the IEDC
Annual Conference, September 16-19 in Phoenix
- Mark Your Calendar for Brownfields 2008, May 5-7 in Detroit
How to
subscribe: To subscribe yourself or a colleague to EDA Update, send an
email with contact information, including email address, to Jason Christian
at jchristian@iedconline.org.
If you
are receiving EDA Update for the first time and do not wish to receive
messages from EDA in the future, please use the unsubscribe link at the end
of this email.
Register Now for the September 26 EDA Symposium in Kansas City on Entrepreneurship!
Special keynote presentations by:
The Honorable John Hoeven
Governor, North Dakota
and
Carl Schramm, President and CEO
Ewing Marion Kauffman Foundation
EDA's fifth and final 2007 Economic Development Symposium
is coming up on September 26 in Kansas
City. EDA is hosting the entrepreneurship-themed
event in partnership with its Denver and Chicago regional
offices, the International Economic Development Council and the National
Association of Regional Councils.
The
agenda is packed with presentations from leaders in the field of
entrepreneurship, including:
- Dr. Mark Drabenstott, Director, Center for Regional
Competitiveness, University of Missouri, Columbia
- Thomas S. Lyons, Ph.D., Lawrence N. Field Family Chair in Entrepreneurship,
Baruch College/CUNY, Zicklin School
of Business
- Dr. Joel Wiggins, Chairman,
National Business Incubation Association
- Ray Leach, CEO, JumpStart
- Dr. Samuel Cordes, Assistant Director of Extension and
Co-Director of the Center for Regional Development for Purdue University
- F. Nicholas Franano, M.D., Founder and Chief Scientific Officer,
Proteon Therapeutics, Inc.
- Maria Meyers, Managing
Director, Institute for Entrepreneurship and Innovation; Network
Builder, KCSourceLink
- Stephan A.
Lake, Manager of Business
Development and Marketing, Argonne
National Laboratory on High Performance Computing
Session
topics include Supporting Entrepreneurial Growth in Your Region; The Role of
Rural Clusters; Access to Capital to Support New Enterprise; and On the
Competitive Edge: The Role of Innovation.
The event
also includes a town hall-style meeting with EDA leadership. Assistant
Secretary of Commerce for Economic Development Sandy K. Baruah and Deputy
Assistant Secretary of Commerce for Economic Development Benjamin Erulkar
will take questions from the audience on topics related to EDA's policies and programs.
Visit the
Kansas City Symposium website for additional information
regarding the program and online registration.
The EDA
Regional Symposia have been approved for recertification credits for those
possessing the CEcD designation.
Commerce Secretary Gutierrez Announces National Summit on American Competitiveness
America's economic
leadership in the 21st century is directly tied to the competitiveness of
four key economic drivers: the role of the private sector; education and
workforce issues; energy independence; and partnerships in innovation. The
National Summit on American Competitiveness will convene the nation's premier
leaders of business, government, academia and the research community to
address the core components and lessons of each of these drivers.
The
summit is a high-profile, one-day event in Washington D.C.
with a simultaneous webcast. Click here to access the webcast
registration form; you will then receive a follow up email containing viewing
instructions.
Individual
panels will address in detail each of the four drivers. The event will close
with an audience participation
Town Hall session led
by Secretary Gutierrez and an extended program session with light
refreshments.
The
summit will take place on Tuesday, September 18, 2007, from 8:30 AM - 6:30 PM
at the Ronald Reagan Center.
For more information and to register, visit the National Summit on American Competitiveness website.
EDA Announces Performance Award Winners
This is
the first year that EDA is issuing performance awards to EDA investment
recipients whose projects demonstrate outstanding performance. Outstanding
performance is judged by the following criteria: amount of private investment
attracted by the project; the number jobs created by the project; timely project
completion; organizational leadership; innovation; regional collaboration;
and economic strategy to compete in the global marketplace.
A
performance award can be used to fund EDA-approved economic development
activities. Assistant Secretary Baruah has approved the following performance
awards:
Recipient:
City of Hornell Industrial Development Agency, Hornell, New York
Amount: $86,555
Project: Expansion of the South Yard Industrial Park
Recipient:
Joplin Chamber of Commerce, Joplin,
Missouri
Amount: $58,000
Project: Development of the Joseph
Newman Innovation
Center
Recipient:
City of Fort Dodge, Iowa
Amount: $68,000
Project: Extension of a 24-inch water main to add value to an existing
agricultural processing park and facilitate construction of the VeraSun Energy ethanol facility
Recipient:
City of Magnolia, Arkansas
Amount: $50,000
Project: Construction of a workforce development facility that will serve a
rapidly growing demand for manufacturing labor, as well as construction of
part of the new office building that houses the agency managing the facility
Recipient:
City of Staples, Minnesota
Amount: $102,500
Project: Extension of water and sewer service to the Lakewood Health
System Hospital
Recipient:
Piedmont Triad Research Park (PTRP) and City
of Winston-Salem, NC
Amount: $100,000
Project: Infrastructure to support the development of a 12-acre biotech
research park
Recipient:
Moultrie-Colquitt County Development Authority, Georgia
Amount: $120,000
Project: Infrastructure to support a high-tech poultry processing plant
Congratulations
to the inaugural round of performance award winners!
View EDA's FY 2005 and FY 2006 Annual Report
EDA's mission is to lead the federal economic development
agenda by promoting innovation and competitiveness, preparing American
regions for growth and success in the worldwide economy.
EDA's efforts to fulfill its mission during FY 2005 and FY
2006 can be accessed on www.eda.gov
by clicking on FY05 and FY06 EDA Annual Report. In this document, you can:
- Read about EDA investments
state by state. (Section V)
- Learn how Trade Adjustment
Assistance for Firms can help companies that have been impacted by
competition with imports. (Section III)
- Locate EDA's
University Centers, which can assist communities with economic
development. (Sections III and IV)
Input Requested on Economic Development Administration Reauthorization
The
Economic Development Administration (EDA) was established under the Public
Works and Economic Development Act of 1965 (PWEDA) to generate jobs, retain
existing jobs, and stimulate industrial and commercial growth in the United States.
EDA assistance is available to rural and urban areas of the nation
experiencing high unemployment, low income or other severe economic distress.
On
October 27, 2004, President Bush signed into law the Economic Development
Administration Reauthorization Act of 2004, which reauthorizes EDA's economic development assistance programs through fiscal
year 2008.
As EDA
prepares for reauthorization of its programs next year, we encourage economic
development professionals and any other individuals or groups to provide
input. Please email your thoughts to EDA at EDAReauthorization@eda.doc.gov.
We
welcome your input. This email account is designed to receive messages only.
Responses from EDA will not be generated.
Summer Edition of Economic Development America to Be Published in
August
The
Summer edition of EDA's Economic Development
America magazine will be published in late August. This edition features
articles by the winners of EDA's Excellence in
Economic Development 2007 Awards. Read about communities that have designed
outstanding programs in innovation, regionalism, economic adjustment and
more.
If you
have comments or story ideas for the magazine, please contact editor Louise
Anderson with your suggestions (landerson@iedconline.org
or 828-350-8855).
Back
issues of Economic Development America (in PDF format) can be found on
the EDA website.
92,000 Jobs Created in July
The
Bureau of Labor Statistics reports that 92,000 jobs were created in July.
Since August 2003, more than 8.3 million jobs have been created, with more
than 1.8 million jobs created over the twelve months ending in July. Our
economy has now added jobs for 47 straight months, and the unemployment rate
remains low at 4.6 percent.
- Real GDP grew at a strong
3.4 percent in the second quarter of 2007. The economy has now
experienced nearly six years of uninterrupted growth, averaging 2.7
percent a year since 2001.
- Real after-tax per capita personal
income has risen by 11.4 percent – an average of over $3,400 per
person – since 2001.
- Real wages rose 1.3 percent
over the 12 months ending in June. This is faster than the average rate
during the 1990s, and it means an extra $782 in the past year for a
family with two average wage earners.
- Since the first quarter of
2001, productivity growth has averaged 2.8 percent per year. This is
well above the average productivity growth in the 1990s, 1980s, and
1970s.
Let The Good News Roll: This Is a Great Time to Visit and Invest in the Gulf Coast
By
Carlos Gutierrez, U.S. Secretary of Commerce
It's been
nearly two years since Hurricane Katrina slammed into the Gulf Coast,
causing catastrophic damage to New
Orleans. The deluge ripped apart the city's social
and economic fabric that made New Orleans one
of America's
greatest cities.
As a
nation, we should be mindful that the road to recovery is long. It contains
many detours, bumps, and obstacles. But we also need to remember that this
road will someday end. With every trip I make to the region, I see progress
being made there. I see signs of vitality, commerce, and renewal that point
to a brighter tomorrow for the region and its economy.
On
September 15, 2005, President Bush stood in the historic Jackson Square and stated that his
administration would not turn its back on the Gulf Coast.
He promised the nation that, "we will do what it takes, we will stay as
long as it takes, to help citizens rebuild their communities and their
lives." Since then, there has been progress because of the President's
leadership.
I want to
assure the American people that President Bush is using the vast resources of
the federal government to help rebuild, revive, and restore the Gulf Coast.
As the Secretary of Commerce, it is my responsibility to see that the
region's economy gets back on its feet.
I've
learned that from this tragedy, opportunity has sprung. Right now, there is
no better place in America
to invest and do business than in the Gulf region.
In May of
2006, I led the first-ever domestic investment mission to the Gulf Coast.
This mission comprised more than thirty major companies with at least $10
million to invest. In addition, I've hosted twelve high profile meetings
encouraging political, business, and community leaders to invest their
resources and capital into the storm ravaged areas.
The
Department has also assisted a number of U.S.
businesses in participating in the Gulf
Coast rebuilding
efforts. Commerce's Minority Business Development Agency has supported over
340 displaced minority firms and approximately 1,275 minority business
entrepreneurs since the storm. The Department has invested nearly $30 million
into economic recovery and development efforts for the Gulf region. This will
generate more than $770 million in private capital investment and over 3,056
jobs.
These are
only some of the incentives created by the U.S. Department of Commerce. Other
agencies throughout the government are taking similar steps in helping
devastated communities along the coast navigate the difficult road to
recovery. Collectively, these measures will play a significant role in this
effort. They will allow local businesses to start over by providing jobs,
stability and paychecks. They will ensure prosperity and development that
will, in turn, generate revenue and additional jobs for the region.
I also
encourage the private sector and American citizens to help revive the
economy, culture, and spirit of New
Orleans. My most compelling reason for you to give back
is because the city's heritage is on life support. New Orleans has a proud, colorful, and rich
history. And to preserve this history, the city faces enormous challenges. New Orleans has always been a nucleus for one of the
most distinctive heritages of America.
"The Big Easy" is a spicy gumbo of food, music, and good times that
many people find irresistible.
By
visiting New Orleans,
you are helping the city get back on its feet. You are contributing to the
city's well-established travel and tourism industry. This industry is its
economic lifeblood, employing 85,000 people and contributing 35 percent to
the city's budget in tax revenue.
Despite
some skepticism, New Orleans'
infrastructure is ready to once again, "laissez les bons
temps rouler," or let the good times roll.
Many of the unique hotels, world famous restaurants, and eclectic music clubs
have reopened their doors. The world-class convention facilities have been
repaired. Business travelers, meeting planners, and associations should know
that these facilities have reopened and the city remains one of the most
convention-friendly cities in America.
This is a
great time to visit New Orleans.
It's given us jazz, some of the world's best cuisine and Mardi Gras, one of
the nation's biggest annual celebrations. When you are thinking of your next
vacation, business meeting, or convention, I hope you will consider New Orleans, or one of
the other great cities along the Gulf. You have the opportunity to give back
to the city, and the region, that has given this nation so much.
Economic Development in the 21st Century: New Leadership, New Models;
Register today for the IEDC Annual Conference, September 16-19 in Phoenix
The
International Economic Development Council's Annual Conference is the
profession's premier learning and networking event,
and it's only two months away! Hotels are filling up fast, so make your plans
today. Attendees will experience:
- Four days of sessions on
emerging trends, best practices, and replicable models
- Thought-provoking ideas
from industry experts
- Networking with peers from
around the world
- The success stories of Prescott, Glendale, Phoenix, Scottsdale,
Tempe,
and more!
In
addition to training courses, tours, pre-conference seminars and the site
consultants' forum, attendees can choose among concurrent sessions in the
following tracks:
- The World of Options: How
Can Communities Compete?
- The New Workforce and
Entrepreneurship: Opportunities and Challenges
- New Models and New Leaders
for Economic Development
- 20th Century Mainstays in
the 21st Century Economy
To learn
more, visit the IEDC
Annual Conference website, and register today!
Mark Your Calendar for Brownfields 2008, May 5-7 in Detroit
Gear up
for the largest gathering of brownfields
stakeholders! With nearly 6,000 attendees, over 150 educational sessions,
more than 200 exhibitors and unrivaled networking events, the U.S. EPA and
ICMA co-sponsored National Brownfields Conference
is the premier event of its kind. Brownfields 2008
includes timely and valuable knowledge and skill-building workshops,
exceptional business development and networking opportunities, and hundreds
of product and service providers in the exhibit hall to meet your project
needs.
Communities
across the country face the challenge of putting brownfields
sites back to work, from old industrial cities with thousands of acres of
abandoned factories to rural villages built around derelict mines or timber
mills. Brownfields are a valuable community
resource that through redevelopment and reuse could easily bring important
benefits to many economically depressed communities, or serve as the
centerpiece in comprehensive economic redevelopment strategies.
Brownfields 2008 will explore the linkages between
environmental cleanup and economic development, and highlight the important
role of brownfields redevelopment in supporting
innovative, collaborative, and regionally focused economic development. For
more information, visit www.brownfields2008.org to learn the latest and sign up
for the Brownfields 2008 e-newsletter.
EDA Update is brought to you as a benefit of a partnership among the
Economic Development Administration (EDA), the International Economic Development
Council (IEDC) and the National Association of Regional Councils (NARC), to
provide information about economic development practices and programs to
economic development practitioners who serve distressed communities
throughout the United
States. This partnership also provides six
telecasts and a quarterly magazine. For more information, visit the EDA
website at www.eda.gov.
|
