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In this issue...
- Job Creation Continues: 5.4 Million Jobs Created Since August 2003
- Next Economic Development Today Telecast: July 20, 3:00 – 4:00 EDT
- EDA “Excellence in Economic Development 2006” Award Winners to Be Featured in the Next Edition of Economic Development America
- Next Economic Development Today Telecast: “North Dakota’s Strategy for Growth in the 21st Century: A Rural Economy in Transition”
- Commerce Secretary Gutierrez Announces Klamath River “Fishery Resource Disaster,” Immediate Steps to Help Fishing Communities
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.
Job Creation Continues: 5.4 Million Jobs Created Since August 2003
New jobs figures released by the government show that 121,000 jobs were created in June. The economy has created about 1.85 million jobs over the past 12 months and more than 5.4 million since August 2003.
- Since 2004, the U.S. has created about twice the number of jobs as the rest of the G-7 countries combined.
- Employment increased in 48 states over the past 12 months ending in May. Nonfarm payroll employment increased in 33 states in May.
- Real GDP grew at an annual rate of 5.6 percent for the first quarter of this year. It follows economic growth of 3.5 percent in 2005, the fastest rate of any major industrialized nation.
Next Economic Development Today Telecast: July 20, 3:00 – 4:00 EDT
The next Economic Development Today telecast with feature “North Dakota’s Strategy for Growth in the 21st Century: A Rural Economy in Transition.” North Dakota is one of only two states that have grown its advanced manufacturing industry in the past five years, with the creation of 1,900 jobs. It is also among the leaders in per capita personal income growth, with an increase of 25 percent between 2000 and 2004.
Host: Matthew E. Crow, Director of Communications, EDA
Panelists:
- Hon. John Hoeven, Governor of North Dakota
- Shane Goettle, Commissioner, North Dakota Department of Commerce
- Dr. Philip Boudjouk, Vice President of Research, Creative Activities and Technology Transfer, North Dakota State University Research and Technology Park
- Fred Stern, Plant Manager, Great Plains Synfuels Plant; Beulah, N.D.
- Several executives from Great River Energy; Underwood, N.D.
This telecast is FREE. To register for this event and receive your access information, please visit the NARC website at: www.narc.org/pubs/main/Telecasts.cfm. (After the program, please also complete the evaluation form located on the NARC website.)
The telecast can be viewed at facilities that have KU or C-Band capabilities or that receive the DISH Network (please note: the DISH Network broadcast time is 7:00 pm EDT). This telecast will not be accessible through the Internet.
If your building/office does not have these capabilities, try contacting other businesses, associations or organizations that might be interested in hosting you. Often, universities and community colleges have these capabilities and are willing to host participants.
If you have questions or concerns about finding a site, please contact Peggy Tadej at 202-986-1032, x 224.
This telecast is the fourth of six in the 2005-2006 Economic Development Today series. Don’t miss it!
EDA “Excellence in Economic Development 2006” Award Winners to Be Featured in the Next Edition of Economic Development America
EDA recently announced the seven winning communities of its Excellence in Economic Development Awards 2006. The Summer edition of Economic Development America, to be published in August, will feature profiles of these award-winning programs.
Story ideas are welcomed for future editions of Economic Development America. For more information, contact editor Louise Anderson at landerson@iedconline.org or (828) 350-8855. Past issues of the magazine are available at www.eda.gov/NewsEvents/Edevinfocoalition.xml.
Commerce Secretary Gutierrez Announces Klamath River “Fishery Resource Disaster,” Immediate Steps to Help Fishing Communities
U.S. Secretary of Commerce Carlos M. Gutierrez announced on July 6, 2006 that he was taking several steps, including declaration of a fishery resource disaster, to help West Coast fishing communities in Oregon and California impacted by fishing restrictions necessitated by several years of drought and reduced salmon stocks in the Klamath River basin. The Commerce Department’s National Oceanic and Atmospheric Administration (NOAA) oversees the nation’s oceans-based fishing industry and fisheries resources.
“Fishermen and their families in Oregon and California are being hit hard from several years of drought conditions which have led to a low abundance of fish and severely restricted catch. Today, I am declaring a fishery resource disaster, which will pave the way for relief to our fisherman, their families and their communities,” said Gutierrez.
Gutierrez’s announcement includes the following steps:
- Declaration of a fishery resource disaster under the Interjurisdictional Fisheries Act (IFA), allowing fishermen to become eligible for SBA Economic Injury Disaster Loans.
- Request that the Governors of Oregon and California, who fully recognize the severity of the problem, closely review their pending 2006 Pacific Coast Salmon Recovery Fund grant applications and determine how to best channel existing resources and speedily disburse monies to programs that can help affected fishermen. NOAA will provide maximum flexibility to such grant requests. The States of California and Oregon each received nearly $6.5 million in 2006 under this program.
- Dispatch high-level officials to the Klamath River communities, beginning the week of July 10, to expedite the collection of economic impact data, a critical step to determining whether the disaster will result in a commercial fishery failure under the Magnuson-Stevens Act and the IFA.
- Direct that the Commerce Department’s Economic Development Administration (EDA) make fishery-impacted communities a funding priority for FY07 Economic Adjustment grants.
For more information, see the Commerce Department Press Release.
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 Web site.
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