Economic Development Administration Update

US Department of Commerce

Economic Development Administration

National Transportation ConferenceDenver

June 28 – 30, 2017U.S. DEPARTMENT OF COMMERCE

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INNOVATION. REG IONAL COLLAB ORATION. J OB CREATION.


Seattle

Denver

Austin

Chicago

Atlanta

Philadelphia

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DISCUSSION ITEMS

1. Programs

2. Agency Updates

3. Investment Examples


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EDA Investment Programs

University Centers

Public Works

Planning

Local Technical Assistance

Research & National Technical Assistance

Economic Adjustment

Trade Adjustment Assistance for Firms

PR

OG

RA

MS

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Public Works • Helps communities revitalize, expand and upgrade their physical

infrastructure to promote job creation and private investment • Traditional public infrastructure, fiber optic and telecommunications,

multi-tenant manufacturing facilities, industrial parks, business incubators, skill-training facilities

• Typical investment: $200K - $1.25M Average $1.4 M• FY2017 appropriation $100 M

Economic Adjustment• Assistance to regions experiencing adverse economic changes that

occur suddenly or over time• Most flexible program: economic studies, planning or strategy grants,

implementation/construction grants, revolving loan funds• Typical investment: $100K - $1.25M Average $820K• FY2017 appropriation $35M

Special Appropriations – Disaster, Coal-impacted communities


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Planning ProgramPartnership Planning

• Annual planning grants to EDDs and tribal entitiesShort Term Planning

• Assistance for developing and maintaining CEDS• Short term planning activities• Range from $40K - $200K• Appropriation: Approximately $30M

Local Technical AssistanceLocal TA

• Feasibility Studies, preliminary to implementation fundingUniversity Center Program

• Builds on resources located within colleges and universities to support economic development strategies in regions

• Range $40K - $200K• Appropriation: Approximately $10 M


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Regional Innovation Strategies (RIS)• Supports capacity building activities including Proof of Concept Centers

and Commercialization Centers, as well as scaling of existing programs• Authorized by America COMPETES Reauthorization Act• EDA distress criteria does not apply• 2017 - $17 Million

• i6 Challenge (Proof-of-concept and commercialization programs work with innovations, ideas, intellectual property, and research to provide documented evidence that a product or service can be successful ($14M – max = $500K

• Seed Fund Support ($4M – max $300K)

General Elements of these Grants National Competitions Evaluated by EDA Headquarters Reflect the Most Current Priorities of EDA Multi-agency focus Focus on Capacity Building Short-Term and Job Creation Long-Term

Regional Innovation Strategies

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EDA Programs:

• integrated, flexible, and balanced portfolio • tailored to community needs• focused on long-term, sustainable solutions• focused on leveraging limited resources • part of a region’s comprehensive plan for job creation and

economic prosperity


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Economic Development Integration

Designated by the Office of Management and Budget (OMB) Serve as the federal government’s lead integrator for economic

development.- long-standing relationships with state and regional stake-

holders through its EDDs- successful management of cross-agency place based

initiatives Program to develop resources to facilitate interagency

collaboration and resource integration Networking Knowledge Transfer Streamlined Requirements Program Alignment

AGENCY UPDATES

Contact: [email protected]

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Assistance to Coal Communities

NOFA - effective June 19, 2017• Updates previous Public Works/EAA FFO• Assistance to Coal Communities (ACC)

• Designates $30M to support communities or regions impacted by changes in the coal economy

• Eligibility – employment loss from Coal fired plants Coal mines Supply chain industries

• Must meet distress criteria for EAA

AGENCY UPDATES

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FEMA - National Disaster Recovery Framework

EDA is lead agency for the (ERSF) Economic Recovery Support Function

Denver Regional Office - Missouri flooding – ERSF activated July 2017 Wyoming - 2015 Colorado - 2013

AGENCY UPDATES

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InvestmentExamples


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Due to its low elevation, Dubuque Street has a history of flooding. In 1993, floodwaters inundated Dubuque Street for 54 days. Flooding covered the street again for a month in 2008; that year, Park Road Bridge was also over-topped and closed. Again, in the summers of both 2013 and 2014, Dubuque Street closed due to historic river levels for about three weeks. Locally heavy rains often flood and close northbound lanes of Dubuque Street.

Dubuque Street serves as Iowa City’s main entrance and key gateway into the community for residents and visitors. It parallels the Iowa River, and carries more than 25,000 vehicles a day between Interstate 80, the downtown business district and the University of Iowa campus.

Iowa City, IA - Dubuque Street

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Iowa City, IA - Dubuque Street

EDA provided a $3M Economic Adjustment Assistance award to the City of Iowa to complete the Engineering and Environmental Assessment. EDA is not participating in the construction.

The reconstruction project raises Dubuque Street by 10 feet, or 1 foot above the 100-year flood level, while also replacing and elevating the Park Road Bridge to 1 foot above the 200-year flood level.

Construction is underway and is expected to take 2.5 construction seasons with completion scheduled for August, 2018.

The construction cost is approximately $40 million.

Investment Example

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Perryville MO – Industrial Park By-passEDA is partnered with MODOT, City of Perryville and Perry County to construct a 2 mile by-pass road on land adjoining the City’s industrial park. The road will increase industrial park access and will reroute commercial traffic to reduce congestion at intersections.

Two major employers will have increased access to the industrial park, allowing for expansion of their operations, along with opportunities for new development on adjacent undeveloped parcels. Total project cost - $4.6M

EDA (Public Works) - $1.52M

Project includes design, construction, ROW acquisition

Investment Example

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• Bi-State Economic Development Freight Study examines all modes of freight movement in an eight county region. The analysis and recommendations as a result of the study are critical to future economic success.

• Collaborative effort between ECIA, the Blackhawk Hills Regional Council, Iowa Department of Transportation, Illinois Departments of Transportation, the Dubuque Area Transportation Study (DMATS) and the Region 8 Regional Planning Affiliation (RPA).

• EDA provided a $76,294 Local Technical Assistance grant to the East Central Intergovernmental Association (ECIA) to serve as lead coordinating partner.

• EDA funded approximately 33% of the regional coordination effort, with localcash and in-kind match provided by 10 regional partners.

Investment Example

ECIA Bi-state Economic Development Freight Study

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U.S. Economic Development AdministrationU.S. Department of Commerce

www.eda.gov



Economic Development Administration Update

Government & Nonprofit

Transcript of Economic Development Administration Update