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Economic Development Administration Update

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During the 2017 National Regional Transportation Conference, Cindy Edwards provided an update from the Economic Development Administration's Denver Regional Office on the agency's activities related to infrastructure and transportation.

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Economic Development Administration Update

  1. 1. US Department of Commerce Economic Development Administration National Transportation Conference Denver June 28 – 30, 2017 U.S. DEPARTMENT OF COMMERCE
  2. 2. 2 INNOVATION. REGIONAL COLLABORATION. JOB CREATION. US Department of Commerce Seattle Denver Austin Chicago Atlanta Philadelphia
  3. 3. 3 DISCUSSION ITEMS 1. Programs 2. Agency Updates 3. Investment Examples US Department of Commerce
  4. 4. 4 INNOVATION. REGIONAL COLLABORATION. JOB CREATION. US Department of Commerce EDA Investment Programs University Centers Public Works Planning Local Technical Assistance Research & National Technical Assistance Economic Adjustment Trade Adjustment Assistance for Firms PROGRAMS
  5. 5. 5 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 EDA Investment Programs
  6. 6. 6 Planning Program Partnership Planning • Annual planning grants to EDDs and tribal entities Short Term Planning • Assistance for developing and maintaining CEDS • Short term planning activities • Range from $40K - $200K • Appropriation: Approximately $30M Local Technical Assistance Local TA • Feasibility Studies, preliminary to implementation funding University Center Program • Builds on resources located within colleges and universities to support economic development strategies in regions • Range $40K - $200K • Appropriation: Approximately $10 M EDA Investment Programs
  7. 7. 7 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
  8. 8. 8 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 INNOVATION. REGIONAL COLLABORATION. JOB CREATION.
  9. 9. 9 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: edi@eda.gov
  10. 10. 10 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
  11. 11. 11 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
  12. 12. 12 Investment Examples INNOVATION. REGIONAL COLLABORATION. JOB CREATION.
  13. 13. 13 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
  14. 14. 14 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
  15. 15. 15 Perryville MO – Industrial Park By-pass EDA 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
  16. 16. 16 • 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 local cash and in-kind match provided by 10 regional partners. Investment Example ECIA Bi-state Economic Development Freight Study
  17. 17. 17 U.S. Economic Development Administration U.S. Department of Commerce www.eda.gov US Department of Commerce INNOVATION. REGIONAL COLLABORATION. JOB CREATION.

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