Volume 1; Issue 7 

Dear EDA Friends: 

On Friday, August 15, 2008, President Bush announced his decision to designate 

me as Acting Administrator of the Small Business Administration (SBA) effective, 

Monday, August 18, 2008. 

Until I am confirmed in this new post by the United States Senate, I will encumber 

my current post of Assistant Secretary of Commerce for Economic Development. 

However, I will be primarily focused on SBA issues and will work out of my new 

offices at SBA. Ben Erulkar, Principal Deputy Assistant Secretary and Chief 

Operating Officer, will be the primary EDA leader and decision-maker. The 

Secretary and Deputy Secretary have great confidence in Ben and the entire EDA 

team. They will both be looking for EDA to keep the record of success and 

professionalism we have well earned. 

It has been my sincere pleasure and honor to work with you all and to lead EDA. I 

know that I’ll be in touch with all of you prior to January 2009. In addition, I look 

forward to working with you in my new role as the head of SBA. 

My very best wishes, 

Sandy K. Baruah 

Assistant Secretary of Commerce and Acting Administrator of the Small Business 

Administration 

C2C: From Clusters to Competitiveness–Propelling 

Regional Strategies for Success in the Worldwide 

Marketplace 

Sign up for the September 10, 2008 EDA Webcast 

Now!- 2:30 p.m. EST 

To Register: http://edabroadcast.haverstick.biz 

What do boat builders in Maine, vineyard workers in Napa Valley, small business 

owners and automotive workers in Indiana have to do with each other? They are 

all working in regions that have embraced the concept of regional industry 

clusters, an innovative economic development strategy designed to stimulate job 

growth and ensure future economic prosperity. 

Join EDA and its esteemed panel of economic development experts to: 

z Discuss an overview of regional industry clusters and their role in economic 

development; 

z Highlight regional industry cluster success stories; and 

z Offer a glimpse into the future of cluster development both nationally and 

globally. 

Viewers will have an opportunity to call or email questions. 

Panelists include: 

z Michael Porter, Professor, Harvard 

University 

z Karen G. Mills, President, MMP 

Group 

z Deborah L. Wince–Smith, President, 

Council on Competitiveness 

Hosted By: 

z Benjamin Erulkar, U.S. Deputy Assistant Secretary of Commerce for 

Economic Development 

To register for the September 10, 2008, event go to: 

http://edabroadcast.haverstick.biz. Registrants will receive login information as 

well as information on how to participate (email or call-in) in the show. 

Corporate Responsibility and Community Investment: Cummins Engine, 

Inc. 

July’s EDA Update featured the EDA grant to the U.S. Chamber of Commerce’s 

Business Civic Leadership Center (BCLC) in relation to Corporate Community 

Investment. That grant examines the role of the business community in economic 

and community development. In addition to examining the role that community 

investment plays in economic development, several businesses provide examples 

of how to incorporate these initiatives into the business and mission of a company.

One such leader in corporate community investment is Cummins Engine, Inc., a 

global manufacturer of engines and related technologies, based in Columbus, 

Click SUBSCRIBE to Learn 

about other Exciting EDA 

News 

APA’s Economic Development 

Toolbox Part Six: Principles 

for Sustained Economic 

Development 

The International Institute for 

Sustainable Development, through an 

international group of economic 

practitioners and researchers has 

defined a set of sustainable 

development principles to help 

economic regions succeed in the 

worldwide marketplace. Since their 

adoption, these principles have had 

significant influence on subsequent 

sustainable development activities, 

policies, and study. 

www.planning.org/eda 

Coming Soon! 

September 9-10, 2008 

Peak Performance in Economic 

Development Conference at the 

Sheraton Denver Hotel in Denver, 

Colorado. [Website] 

October 19-20, 2008 

APA’s 2008 Federal Policy & Program 

Briefing, Washington, DC 

[Website] 

October 19-22, 2008 

IEDC 2008 Annual Conference, 

Atlanta [Website] 

November 17-23, 2008 

Global Entrepreneurship Week 

[Website] 

Achieving Peak Performance 

in Economic Development, 

September 9–10, Denver 

The Denver and Seattle regional 

offices of the EDA will jointly host a 

training-oriented conference in 

Denver on September 9-10, 2008. 

The two–day conference will focus on 

enhancing economic development 

performance to better compete in 

today’s global economy. Attendees 

may register for the full conference 

or a one–day pass. Attendance and 

participation in the September 10th 

workshop on EDA–funded Revolving 

Loan Funds is required for at least 

one representative administrator of 

each fund. 

Day One is devoted to sessions on 

the development and implementation 

of regional economic development 

strategies. 

Day Two will have three day–long 

concurrent sessions: 

- Revolving Loan Funds – mandatory 

attendance for RLF administrators; 

- Native American communities; 

- and Regional innovation conducted 

by the Council on Competitiveness. 

For more information on registration 

and the agenda visit the [Website]
Indiana. 

For the past 90 years, Cummins has made corporate responsibility a part of its 

business model. The company has long recognized promoting financial and social 

benefits fosters healthy relationships between the business community and local 

citizens, which forms a path to greater economic success. 

Through leadership from its Corporate Responsibility Department, Cummins 

oversees strategies and programs to encourage community involvement and 

responsible citizenship. Cummins has three major areas of focus: community 

involvement, corporate donations and the Cummins Foundation, specifically: 

1. Cummins’s Every Employee, Every Community (EEEC) program: allow

employees to give back to their neighborhood and region by volunteering on

company time. More than 9,000 employees contributed over 38,000 hours 

of community service through the EEEC program in 2007. 

2. Corporate donations: provides a means for Cummins to participate in 

community events that are funded by the company, such as sponsorships, 

dinners or other events. Cummins donated approximately $3.4 million to 

charitable causes in 2007. 

3. The Cummins Foundation: as one of the oldest corporate charitable 

foundations in the U.S., the Foundation serves to improve the communities 

in which Cummins does business by providing the tools and means for 

people living on the edge of society to overcome the barriers they face. In 

2007, the Foundation awarded $5.4 million in grants. 

By investing in the communities in which it operates, Cummins has helped with the

local creation of higher-wage, higher-skilled workforces. And, these practices have 

created good-faith and long–term employment opportunities for Cummins’s own 

employees. 

Cummins’s corporate responsibility mission – coupled with community outreach 

and philanthropic initiatives – has become a guiding light for other business-civic 

leaders. Such strategic investments at home, in U.S. cities and regions, will better 

position America’s business and communities as 21st century global competitors. 

For more information on Cummins and examples of its community investments, 

see www.cummins.com 

A "Jumpstart" for Entrepreneurship in Northeast Ohio 

Enhancing the economic stability of cities and regions, in part, depends on firm 

attraction, location and retention. The struggling economies of older manufacturing

cities, persistent firm closings and rising unemployment can be a challenge to 

regional growth. Responding to these trends has become the mission of some 

homegrown not–for–profit groups that nurture new businesses from the initial 

start–up phase. One such organization recently featured in The New York Times is 

JumpStart, Inc., a venture capital development organization specializing in 

advising and accelerating promising businesses in the Cleveland area. 

Recognizing Jumpstart as an incubator for regional innovation and 

entrepreneurship, the EDA awarded Jumpstart a $750,000 grant to further its 

mission in workforce and small–business development. To date, JumpStart’s hard 

work is paying off, producing $56.3 million in goods and services and assisting in 

the creation of nearly 400 new jobs. 

Unlike a traditional venture capital firm, the organization relies on charitable 

donations as its financing source. Through these funding initiatives, JumpStart 

provides opportunities for cities to promote better economic stability and 

opportunity by fostering greater entrepreneurship and innovation among 

Northeastern Ohio businesses. 

For more information about JumpStart, Inc., please visit 

http://www.jumpstartinc.org/ 

 

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EDA Reauthorization 

EDA is pleased to announce that the 

Department of Commerce sent 

Congress a legislative proposal to 

reauthorize EDA for five years. EDA's 

current authorization expires 

September 30, 2008. The proposed 

reauthorization legislation is good 

news for the economic development 

community because it includes new 

provisions that offer investment 

recipients more local control over 

revolving loan funds and construction 

grants. These provisions demonstrate 

how EDA is listening to, and acting 

upon, the economic development 

community's calls for improved EDA 

programs to meet the changing 

needs of the 21st century economy. 

Please monitor www.eda.gov for 

more information as this legislation 

progresses through Congress.