Economic Development Administration 

Fiscal Year 2009 Annual Report 
United States Department of Commerce 

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Economic Development Administration FY 2009 Annual Report

The President of the Senate 

Speaker of the House of Representatives 

Dear Mr. President and Madam Speaker: 

I am pleased to submit the annual report on the activities of the U.S. Economic Development 

Administration (EDA), U.S. Department of Commerce, for Fiscal Year 2009, in compliance with 

Section 603 of the Public Works and Economic Development Act of 1965, as amended. 

EDA‘s focus on innovation, regional collaboration and job creation is vital to the Department of 

Commerce’s effort to increase America’s global competiveness in the 21st century. 

Sincerely, 

Gary Locke 
United States Department of Commerce 

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Economic Development Administration FY 2009 Annual Report

Table of Contents

STATEMENT FROM THE ASSISTANT SECRETARY OF COMMERCE FOR ECONOMIC DEVELOPMENT ............................ 5

STATEMENT OF APPROPRIATIONS FOR FISCAL YEAR 2009 ............................................................................ 9

ECONOMIC DEVELOPMENT ADMINISTRATION OVERVIEW ........................................................................... 11

EDA HIGHLIGHTS OF FY 2009.............................................................................................................. 13

I.    PERFORMANCE GOALS AND RESULTS: GOVERNMENT PERFORMANCE AND RESULTS ACT.............................. 21

II.   ECONOMIC DEVELOPMENT ASSISTANCE PROGRAMS............................................................................. 25

Public Works and Economic Development Assistance .................................................................. 25

Economic Adjustment Assistance .................................................................................................. 26

Revolving Loan Fund Program ....................................................................................................... 23

Economic Development Planning Assistance ................................................................................ 28

Technical Assistance ...................................................................................................................... 29

University Center Economic Development....................................................................... 29

Local Technical Assistance ................................................................................................ 30

National Technical Assistance........................................................................................... 30

Research and Evaluation................................................................................................................ 32

Trade Adjustment Assistance ........................................................................................................ 32

Trade Adjustment Assistance for Firms Program ............................................................. 32

Community Trade Adjustment Assistance Program........................................................ 33

Global Climate Change Mitigation Incentive Fund ........................................................................ 34

FY 2009 Supplemental Appropriations.......................................................................................... 37

American Recovery and Reinvestment Act of 2009 ......................................................... 37

Assistance to Areas Affected by Natural Disasters........................................................... 39

III.  2009 EDA Award Programs................................................................................................................... 41

Performance Awards 2009 ............................................................................................................ 41

Planning Performance Awards FY 2009......................................................................................... 43

Excellence in Economic Development Awards FY 2009 ................................................................ 44
United States Department of Commerce 

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Economic Development Administration FY 2009 Annual Report

IV.  Appendix ...............................................................................................................................................49

State by State Investment Information ......................................................................................... 51

EDA Reauthorization Act of 2004 Reporting Requirements.......................................................... 81

Projected Private Sector Investment Ratio....................................................................... 81

Realized Private Sector Dollar to Federal Dollar Investment Ratio ..................................89

EDA Leveraging Goals for Private Sector Investments ................................................... 103
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Economic Development Administration FY 2009 Annual Report

STATEMENT FROM THE ASSISTANT SECRETARY OF COMMERCE FOR

ECONOMIC DEVELOPMENT

I am pleased to report to Congress the accomplishments of the U.S. Economic

Development Administration (EDA), U.S. Department of Commerce, for Fiscal Year 2009.

This year, EDA commemorates 45 years of service on behalf of the American people. As the

only Federal agency with economic development as our exclusive mission, EDA is poised to

provide leadership with our forward‐looking approach to job creation and regional

collaboration and innovation. For over four decades, EDA has partnered with America’s

communities to combat long‐term fiscal decline and respond to the sudden and severe

economic dislocations caused by the loss of a major employer or natural disaster.   

In FY 2009, EDA awarded investments that totaled approximately $579 million, including

American Recovery and Reinvestment Act (ARRA) monies and disaster supplemental funds. Of

this amount, approximately $466 million funded construction projects that are expected to help

create or retain about 87,000 jobs and generate nearly $11.7 billion in private investment,

according to grantee estimates at the time of the award.  

I am proud to also report that during FY 2009, EDA obligated $147 million in ARRA funding to 68

projects in 37 states, a full year ahead of schedule. EDA invested $50 million to promote the

development of regional innovation clusters, $37 million to promote business incubation,        

$27 million to promote green jobs, $11 million to promote trade, and $25 million for a variety

of other development projects.  Regions and communities hard hit by the economic recession

are already putting these funds to work – breaking ground, hiring workers and leveraging

significant private investment.

EDA provides investments to state and local governments, tribal organizations, universities, and

nonprofits, with the goal of creating long‐term, higher‐skill, higher‐wage jobs. The agency’s

investment priorities seek to promote:

 Collaborative Regional Innovation

 Public/Private Partnerships

 National Strategic Priorities

 Global Competitiveness

 Environmentally Sustainable Development

 Assistance to Economically Distressed and Underserved Communities

We are extremely proud of the role that EDA has played for the past 45 years in shaping the

Federal Government's economic development policies and programs, and we are committed to

continuing to seek innovative and effective ways to further help American communities

compete in the global marketplace.   

   
United States Department of Commerce 

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Economic Development Administration FY 2009 Annual Report

   
United States Department of Commerce 

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Economic Development Administration FY 2009 Annual Report

EDA’s FY 2009 report illustrates the capacity of the agency and the successes it continues to

have through our efforts to promote regional innovation that drive business activity and job

growth in regions across America.

Sincerely,

John R. Fernandez  

Assistant Secretary of Commerce  

   for Economic Development

   
United States Department of Commerce 

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Economic Development Administration FY 2009 Annual Report

   
United States Department of Commerce 

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Economic Development Administration FY 2009 Annual Report

Statement of Appropriations for Fiscal Year 2009      

(in thousands of dollars)    

EDA PROGRAM CATEGORY    

Appropriations

Fiscal Year

2009

Public Works and Economic Development Assistance **    114,280  

Economic Adjustment Assistance    35,330  

Economic Development Planning Assistance    31,000  

Technical Assistance    9,400  

Research and Evaluation    490  

Trade Adjustment Assistance for Firms **    15,450  

Global Climate Mitigation Incentive Fund    14,700  

Economic Development Assistance Program Subtotal    220,650

American Recovery and Reinvestment Act, 2009 (P.L. 111‐5) ***    147,000  

Supplemental Appropriations Act, 2009 (P.L. 111‐32)    40,000  

Supplemental Subtotal    187,000  

Salaries and Expenses   32,800  

Public Works and Economic Development Assistance Transfer ** 4,000

Trade Adjustment Assistance for Firms Transfer ** 350

American Recovery and Reinvestment Act, 2009 (P.L. 111‐5) *** 3,000  

Salaries and Expenses Subtotal    40,150  

TOTAL    447,800****  

   

* Public Works and Economic Development Assistance appropriations reflect $15 million unobligated

balance rescission.   

**Appropriations reflect transfers of $4 million from Public Works and Economic Development

Assistance and $350,000 from Trade Adjustment Assistance for Firms to Salaries and Expenses (S&E).

***Appropriations reflect transfers of $3 million from American Recovery and Reinvestment  

Act, 2009 supplemental to Salaries and Expenses (S&E).

**** Total does not include disaster supplemental appropriations from FY 2008; however, FY 2009

projects were awarded with these funds.

*
United States Department of Commerce 

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Economic Development Administration FY 2009 Annual Report
United States Department of Commerce 

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Economic Development Administration FY 2009 Annual Report

Economic Development Administration Overview

Established under the Public Works and Economic

Development Act of 1965 (42 U.S.C. § 3121 et seq. as

amended (PWEDA), the Economic Development

Administration (EDA) has helped communities

generate jobs, retain existing jobs, and stimulate

industrial and commercial growth for 45 years.

Through a wide range of technical, planning, and

public works and infrastructure investments, EDA

creates the conditions in which jobs are created,

often in the midst of economic hardship or adjustment. EDA strives to advance global

competitiveness, create high‐paying jobs, and effectively leverage public and private resources.  

EDA’s investment policy is designed to establish a foundation for sustainable job growth and

the building of durable regional economies throughout the United States. This foundation

builds upon two key economic drivers ‐ innovation and regional collaboration. Innovation is

the key to global competitiveness, new and better jobs, a resilient economy, and the

attainment of national economic goals. Regional collaboration is essential for economic

recovery because regions are the centers of competition in the new global economy and those

that work together to leverage resources and use strengths to overcome weaknesses will fare

better than those that do not.  

EDA’s goal is to encourage private capital investment and

promote entrepreneurial and innovation‐based economic

development at its roots.  Guided by the basic principle

that communities must be empowered to develop and

implement their own economic development and

revitalization strategies, EDA works directly with local

economic development officials through a bottom‐up

approach that both supports and relies upon a well‐

established network of local and regional economic

development professionals.  This collaborative approach

results in grant investments that are well defined, timely,

and linked to a longer term sustainable economic development strategy.  Linking EDA’s

investments to a community’s strategic economic development plan enables the Federal

Government to better leverage public and private sector investments.   

EDA’s Mission

To lead the federal economic

development agenda by

promoting innovation and

competitiveness, preparing

American regions for growth

and success in the worldwide

economy.

"The only way to fully restore

America’s economic strength

is to make the long term

investments that will lead to

new jobs, new industries, and

a renewed ability to compete

with the rest of the world."

‐President Barack Obama
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Economic Development Administration FY 2009 Annual Report

EDA’s investment programs provide a wide range of technical, planning, and public works and

infrastructure assistance to economically distressed communities. The flexible program

portfolio and organizational structure allows the agency to customize Federal assistance in

ways that offer the most effective investment to help communities succeed in our global

economy. Rather than a one‐size‐fits‐all approach, EDA can fund customized solutions

developed by our local partners, such as traditional infrastructure investments, revolving loan

funds, and planning grants.

EDA’s Investment Programs

Public Works and Economic

Development

Supports the construction, expansion or upgrade of essential public

infrastructure and facilities

Economic Adjustment

Assistance (EA)

Provides a wide range of technical, planning, and public works and

infrastructure assistance in regions experiencing adverse economic

changes that may occur suddenly or over time (e.g., strategy

development, infrastructure construction, revolving loan fund

capitalization)  

Planning

Assists local and regional organizations (District Organizations, Indian

Tribes, and other eligible entities) with their short‐ and long‐term

planning efforts  

Technical Assistance

Focused assistance provided to public and nonprofit leaders to help in

economic development decision making (e.g., project planning, impact

analyses, feasibility studies); also includes the University Center Economic

Development Program, which makes the resources of universities

available to the economic development community

Research and Evaluation

Supports research of cutting‐edge economic development practices, as

well as information dissemination efforts to national audiences

  

Trade Adjustment Assistance

for Firms

Supports a national network of eleven Trade Adjustment Assistance

Centers that assists U.S. small and medium‐sized businesses impacted by

increased imports with the development and implementation of business

recovery and global competitiveness strategies to retain and create jobs

Community Trade

Adjustment Assistance

Provides planning and/or implementation project grants to communities

that have experienced or are threatened by job loss resulting from

international trade impacts  

Global Climate Change

Mitigation Incentive Fund

From amounts otherwise made available for the economic development

assistance programs authorized by PWEDA, promotes EDA policies and

strategies which contribute to environmentally sustainable development
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Economic Development Administration FY 2009 Annual Report

EDA Highlights of FY 2009

During FY 2009, the country worked to recover from its worst economic recession since the

Great Depression.  EDA is an integral part of President Obama’s economic recovery team and is

committed to promoting sustained economic growth through its efforts to create jobs, harness

innovation, and increase capital investments in economically distressed areas.   

Investing in American Communities  

In FY 2009:

 EDA made 936 investments, totaling $579 million in EDA program funds.1

   

 EDA funded approximately $466 million construction projects.

o Of these projects, EDA leveraged about $25 in private sector capital investment

for every taxpayer dollar invested.

 EDA awarded 54 investments, totaling $54.3 million, in the category of technology‐led

investments.  

 EDA investments under its Public Works program, Revolving Loan Fund program, and

the construction components of the Economic Adjustment Assistance program2 totaled

$479 million and will help to create or retain approximately 93,000 jobs, according to

grantee estimates.

Leveraging ARRA Funds to Support Short­ and Long­term Economic Growth

On February 17, 2009, President Obama signed into law the American Recovery and

Reinvestment Act of 2009 (ARRA).  The Act’s primary purpose was to stimulate economic

recovery, preserve and create jobs, spur technological advances, and improve infrastructure

that will provide long‐term economic benefits.  

By September 25, 2009, EDA met its stretch goal by awarding its final ARRA project a full year

ahead of the expiration of funds. EDA focused its efforts on assisting those communities across

the country in greatest economic distress.  The bureau sought to not only distribute the funds

quickly and spark short‐term job creation, but also to ensure that these investments will lead to

long‐term, higher‐skill, higher‐wage jobs. These projects are estimated to produce $981 million

in private investment over the next nine years, a return on taxpayer investment of $6.67 in

private capital for every EDA grant dollar invested.

                                                           

1 Including funding from EDA’s Economic Development Assistance program (EDAP), as well as ARRA and disaster

supplemental appropriations

2 Including ARRA and FY 2008 disaster supplemental funds  
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Economic Development Administration FY 2009 Annual Report

   

In FY 2009:

 EDA invested $147 million in 68 projects in 37 states;  

o $50 million to support the development of regional innovation clusters;

o $37 million to promote business incubation;

o $27 million to promote green jobs;

o $11 million to promote trade and connect regional economies to the global

marketplace; and,

o $25 million for a variety of other development projects.   

 Of EDA’s $147 million ARRA allocation, $141.3 million, or 96%, funded construction

projects.

Responding to the Auto Industry

Throughout 2009, EDA staff collaborated with state and local governments, fellow Federal

agencies, and its economic development partners across the country to support positive

economic outcomes in transitioning auto communities. EDA worked with local officials to

devise customized solutions which often combined traditional infrastructure investments,

revolving loan funds, planning grants, and other resources. By quickly responding to the

changing economic needs of these communities, EDA is working to speed the transition to

more entrepreneurial, innovation‐driven regions.   

In FY 2009:

 EDA funded 14 projects, totaling $19 million that directly addressed the impact of auto

industry restructuring.

 EDA awarded six investments to support auto worker training.

 EDA invested $17 million in construction assistance to auto communities.

 In addition, between July 2007 and the end of FY 2009, EDA collaborated with the

Center for Automotive Research and the University of Michigan to host 25 community

economic adjustment workshops in auto‐impacted communities in Michigan, Indiana,

Ohio, and Wisconsin. These workshops brought together community leaders and

economic development experts to discuss how these communities can partner and

prosper.

Building Stronger Economies in Auto Communities: How EDA Helps

It is expected that by 2011, the entire Delaware automotive cluster will be

eliminated.  With its departure, more than 4,500 direct and indirect automotive jobs

will be lost.  Following the closure of the first two assembly facilities, Chrysler in

Newark and GM in Wilmington, EDA awarded two grants to the state worth a

combined $1.2 million.  A planning grant of $400,000 was provided to the State of

Delaware to develop an economic adjustment strategy for the reuse of automotive
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Economic Development Administration FY 2009 Annual Report

assembly plants and closed manufacturing sites in the state.  An ARRA grant of

$800,000 was awarded to the Delaware Technical and Community College, Owens

Campus in Georgetown to construct a Green Building Technology and Alternative

Energy Training Center to specifically target workers affected by the automotive

industry downturn.  

Leading Economic Recovery from Natural Disasters  

Though not a “first responder,” EDA’s role following a natural disaster is to facilitate delivery of

Federal assistance to local governments for their recovery, strategic planning, and economic

redevelopment efforts.  EDA’s investments extend beyond rebuilding; the bureau’s focus is to

promote long‐term economic recovery, and EDA staff continues to work closely with the

affected communities long after the cleanups are complete.  With each investment, EDA strives

to create new economic opportunities and to leave adversely impacted communities better off

than they were before the disaster or disruption.

In June and September 2008, Congress appropriated $500 million in two supplemental

appropriations to EDA in response to a series of catastrophic natural disasters that occurred

across the nation in 2008, particularly flooding in the Midwest and hurricanes in the Gulf Coast.

With these supplemental appropriations, the bureau’s goal is not only to promote recovery, but

to create sustainable, economically robust communities.  

In FY 2009:

 EDA invested $247.1 million in 187 projects in disaster‐impacted communities.

o Of these projects, EDA’s disaster supplemental appropriation supported          

140 projects, totaling $185 million.

 EDA’s FY 2009 disaster recovery investments will assist in creating 36,000 jobs and

generate nearly $5.4 billion in private investment, according to grantee estimates at the

time of application.

o Of the projects funded by the disaster supplementals, EDA’s assistance will help

to create or retain 24,000 jobs  and generate nearly $1.5 billion in private

investment, according to grantee estimates at the time of investment.

Building Stronger Economies following Natural Disasters:  How EDA Helps

On September 13, 2008, Hurricane Ike made landfall over Galveston, Texas. By the

time the storm was over, thousands of homes and businesses were destroyed, making

Ike the third most expensive disaster in FEMA history.  The University of Texas

Medical Branch at Galveston, one of the city’s major employers and one of the

region’s most important economic drivers, was flooded. In order to help spark the

region’s economic recovery, EDA invested $10 million in May 2009 to renovate and
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Economic Development Administration FY 2009 Annual Report

expand the Center for Technology and Workforce Development, a biotech business

incubator on the school’s campus. This project will not only allow the 14 companies

displaced by Hurricane Ike to return to the incubator, but will expand the facility to

support 24 additional biotech companies.  

Supporting a Green Economy  

Supporting a green economy means more than just constructing energy efficient buildings; it

creates lasting positive effects on the environment for future generations.  Building on the

success of the Global Climate Change Mitigation Incentive Fund (GCCMIF) which was

established in FY 2008, EDA, as directed by Congress, expanded the scope of the GCCMIF in     

FY 2009 to address the nexus between economic development and environmental quality.  No

longer limited to exclusively funding third‐party certified construction or renovation resulting in

a green building, the GCCMIF was made available to support a wide range of green projects and

activities ranging from program development and infrastructure construction to the

capitalization of revolving loan funds. With it new focus, the GCCMIF was aimed at supporting

projects that create jobs and increase private capital investment while reducing the nation's

dependence on fossil fuels, enhancing energy efficiency, curbing greenhouse gas emissions, and

protecting natural systems.  

In FY 2009:

 EDA invested $14.7 million in GCCMIF funding in 21 projects that promoted

environmentally sustainable development.

 These projects are expected to help create 4,917 jobs within nine years post‐award.

Building Stronger Economies by Going Green:  How EDA Helps

In central Texas, where 36 percent of teens drop out of high school, American YouthWorks

gives at­risk youth in South Austin’s poorest neighborhoods a second chance by offering handson vocational training programs along with academic classes for a high school diploma.

Working with local companies to identify the specific trades that are most in demand in the

region’s renewable energy and green building industries, the American YouthWorks offers

training in such areas as solar power installation, rainwater harvesting, and green facilities

management.  To support the group’s ongoing efforts in green job promotion, EDA invested

approximately $1.9 million to fund the renovation of an existing facility into a LEED gold

certified Green Collar Workforce Training Center.  The renovations are scheduled to be

completed by the summer of 2010.    
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Economic Development Administration FY 2009 Annual Report

Connecting to Technological Advances

EDA’s investment priorities recognize the important role that technology plays in economic

development. EDA promotes innovation and technology commercialization through a variety of

strategic investments, including support for business incubators and science and technology

parks.

In FY 2009:

 EDA funded seven science and technology park projects, totaling $13.8 million through

ARRA, EDAP, and disaster supplemental funding.

 According to grantee estimates at the time of application, these projects will help create

approximately 2,200 jobs.

Building Stronger Economies through Technology: How EDA Helps

Historically, the economy of Pennsylvania’s Lehigh Valley has been heavily reliant upon

traditional manufacturing. The closure of two major employers, Bethlehem Steel Corp. and

Mack Trucks, challenged Valley leaders to move to a more diversified, more technologyoriented economy. To promote this transition, EDA awarded a $6 million ARRA investment to

the Ben Franklin Technology Partners (Ben Franklin) of Northeastern Pennsylvania, to support

the construction of a LEED silver­certified addition to the existing Ben Franklin TechVentures

incubator facility at Lehigh University's Mountaintop Campus.  The addition will contain wet

labs, electronic labs, a conference center and multitenant office space to incubator companies.

Ben Franklin manages an award­winning ten­incubator network, among the largest incubator

networks in the U.S., in collaboration with other economic development organizations within

its 21 county region. Based on past successes, Ben Franklin estimates that the EDA investment

will assist in the creation of 200 jobs and to $10 million in private sector investment.

Helping Retool the Workforce  

In response to widespread corporate and industrial restructuring, retraining America’s

workforce to adapt to the 21st century economy became a top priority in 2009. While EDA does

not directly provide workforce training or curriculum development, the bureau made many

significant investments in the construction of training centers, the purchase of

training/instructional equipment, and the assessment of training needs to support regional

cluster development.
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Economic Development Administration FY 2009 Annual Report

In FY 2009:

 EDA’s EDAP programs supported more than 22 projects that promote workforce

development, totaling more than $28.5 million.  

Building Stronger Economies by Strengthening the Workforce: How EDA Helps

Canyon County, Idaho, is one of the most economically distressed areas in Idaho, a fact

compounded by the area’s chronically low high school graduation rates. In order to attract new

businesses and opportunities for higher­skill, higher­wage jobs, the area needed a well­trained

workforce of professionals and technical trainees. To meet this demand, EDA invested $2.5

million in ARRA funds to construct the Regional Technology Center in Canyon County in August

2009. The state­of­the­art workforce training facility will prepare adults and teens with college

or certificate training in engineering, welding, auto and diesel technology, healthcare, and

building trades.  

Growing and Capitalizing Small Businesses  

EDA supports small businesses through a variety of programs. In 2009, access to capital was a

significant challenge for many small businesses. EDA’s support of its existing network of 578

Revolving Loan Funds (RLFs) addressed this critical need, especially in areas of the country

hardest hit by the economic downturn.

In FY 2009:

 EDA recapitalized nine RLFs, totaling $5.8 million.

 EDA created eight new RLFs, totaling $7.3 million.

Building Stronger Economies by Bolstering Small Business: How EDA Helps

In recent years, the state of Montana has experienced extensive job losses in the timber and

wood industry. These industries represent the largest employer in many Montana communities.

If these employers should be forced to close, the ripple effect throughout these small

communities would be devastating. In June 2009, in an effort to avert this economic disaster,

EDA invested $2.7 million in ARRA funds to establish an RLF for Montana’s timber and wood

products industry.  The RLF will provide both technical assistance and financing to small and

medium­sized businesses, saving many jobs in the state's leading industry.
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Economic Development Administration FY 2009 Annual Report

In addition, EDA funded numerous business incubation projects nationwide. These incubators

support entrepreneurs and startup companies across a variety of industries from agricultural

products to technology commercialization.

In FY 2009:

 EDA funded 31 business incubator projects, totaling $68.4 million.

 According to grantee estimates at the time of application, these projects will help to

create or retain approximately 6,800 jobs.

Building Stronger Economies through Incubation:  How EDA Helps

The Women's Economic Self­Sufficiency Team (WESST) is a statewide economic development

organization which places emphasis on helping low­income women and minorities achieve

financial self­sufficiency through sustained self­employment. In July 2009, EDA invested

$800,000 to support construction of an addition to WESST Enterprise Center, a small business

incubator facility in Albuquerque.  The LEED­certified building serves as a hub for

entrepreneurship and small business development in Albuquerque and is available to any New

Mexico resident seeking to start or grow a business.
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Economic Development Administration FY 2009 Annual Report
United States Department of Commerce 

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Economic Development Administration FY 2009 Annual Report

Performance Goals and Results:

Government Performance and Results Act

The Government Performance and Results Act of 1993 (GPRA) requires Federal agencies to

develop strategic plans, performance goals, and measures to report on their programs’

performance.  The Department of Commerce’s overarching strategic goals and outcome‐

oriented objectives focus on the performance of its bureaus. EDA uses the GPRA review process

to improve performance, enhance its programs and

refine its measures.

It is crucial that the activities undertaken by EDA with

public dollars demonstrate a return on investment

through measurable, quantifiable performance

outcomes. EDA measures its performance against two

goals, the bureau’s ability to: 1) promote private

enterprise and job creation in economically distressed

communities; and 2) improve community capacity to

achieve and sustain economic growth.   

Each goal has a series of quantifiable performance

measures that are linked to the agency’s strategic

goals, its Balanced Scorecard, and the performance

plans of senior executives. EDA’s performance measures are also tied to its annual budget

request and appropriation.   

The results of EDA economic development investments are often realized years later as they

are transformed into jobs and private‐sector investments, thereby fueling economic growth

that raises living standards and improves the quality of life.  EDA recipients provide data for

each grant investment at three‐, six‐, and nine‐year intervals from the date of the grant award.

EDA aggregates these data to report the actual results of investments using a formula‐driven

calculation to project investment targets for these measures. These formulas are dependent on

the amount of funding appropriated to EDA within a defined fiscal year.   

In FY 2009, EDA met or nearly met all of its targets in FY 2009.  Only two of EDA’s targets were

not met: (a) jobs created/retained after nine years (for FY 2000 investments); and (b) percent of

University Center clients taking action as a result of the assistance facilitated by the University

Center.  

EDA’s Performance Goals

Goal One:

Promote private enterprise and

job creation in economically

distressed communities

Goal Two:

Improve community capacity to

achieve and sustain economic

growth
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Economic Development Administration FY 2009 Annual Report

EDA Performance Goal One:  Increase private enterprise and job creation in

economically distressed communities.

Goal One includes Public Works and Economic Development Assistance, the Economic

Adjustment Assistance infrastructure programs and the Revolving Loan Fund program.  These

critical investments enable communities to attract new businesses or to support existing

businesses that will generate new higher‐skill, higher‐wage jobs for unemployed and

underemployed residents.  

EDA measures its performance under Goal One using two related measures:  

 Measure 1:  Private‐sector dollars invested in distressed communities as a result of EDA

investments.  

 Measure 2: Jobs created or retained in distressed communities as a result of EDA

investments.
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Economic Development Administration FY 2009 Annual Report

Year of   Measurement

Investment Year Target Actual Difference % of Target Target Actual Difference % of Target

1997 2000 $116 $199 $83 172% 5,040 12,056 7,016 239%

2003 $581 $2,475 $1,894 426% 25,200 47,607 22,407 189%

2006 $1,162 $2,331 $1,169 201% 50,400 50,546 146 100%

1998 2001 $130 $971 $841 747% 5,400 12,898 7,498 239%

2004 $650 $1,740 $1,090 268% 27,000 68,109 41,109 252%

2007 $1,350 $1,937 $587 143% 54,000 73,559 ‐ ‐

1999 2002 $420 $640 $220 152% 11,300 29,912 18,612 265%

2005 $1,040 $1,781 $747 171% 28,400 47,374 18,974 167%

2008 $2,080 $4,173 $2,093 201% 56,900 57,701 801 101%

2000 2003 $400 $1,251 $851 313% 11,300 39,841 28,541 353%

2006 $1,020 $1,059 $39 104% 28,200 42,958 14,758 152%

2009 $2,040 $2,210 $170 108% 56,500 45,866 ‐10,634 81%

2001 2004 $480 $947 $467 197% 14,400 21,901 7,501 152%

2007 $1,200 $2,118 $918 177% 36,000 49,806 ‐ ‐

2010 $2,410 ‐‐ ‐ 72,000 ‐‐‐

2002 2005 $390 $1,791 $1,401 459% 11,500 19,672 8,172 171%

2008 $970 $1,393 $423 144% 28,900 30,719 1,819 106%

2011 $1,940 ‐‐ ‐ 57,800 ‐‐‐

2003 2006 $320 $1,669 $1,401 522% 9,170 11,833 8,172 129%

2009 $810 $855 $1,402 105% 22,900 24,533 8,173 107%

2012 $1,620 ‐‐ ‐ 45,800 ‐‐‐

2004 2007 $330 $810 $480 245% 8,999 16,274 ‐ ‐

2010 $824 ‐‐ ‐ 22,497 ‐‐‐

2013 $1,649 ‐‐ ‐ 44,994 ‐‐‐

2005 2008 $270 $1,013 $743 375% 7,227 14,819 7,592 205%

2011 $674 ‐‐ ‐ 18,193 ‐‐‐

2014 $1,349 ‐‐ ‐ 36,386 ‐‐‐

2006 2009 $265 $484 $219 182% 7,019 9,137 2,118 130%

2012 $662 ‐‐ ‐ 17,548 ‐‐‐

2015 $1,324 ‐‐ ‐ 35,097 ‐‐‐

2007 2010 $259 ‐‐ ‐ 6,628 ‐‐‐

2013 $647 ‐‐ ‐ 16,570 ‐‐‐

2016 $1,293 ‐‐ ‐ 33,141 ‐‐‐

2008 2011 $245 ‐‐ ‐ 6,256 ‐‐‐

2014 $612 ‐‐ ‐ 15,640 ‐‐‐

2017 $1,223 ‐‐ ‐ 31,280 ‐‐‐

2009 2012 $437 ‐‐ ‐ 11,183 ‐‐‐

2015 $1,093 ‐‐ ‐ 27,958 ‐ ‐ ‐

2018 $2,186 ‐‐ ‐ 55,915 ‐‐‐

2010 2013 $261 ‐‐ ‐ 6,333 ‐‐‐

2016 $652 ‐‐ ‐ 15,834 ‐‐‐

2019 $1,303 ‐‐ ‐ 31,667 ‐‐‐

Private Investment Jobs
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Economic Development Administration FY 2009 Annual Report

EDA Performance Goal Two:  Improve community capacity to achieve and

sustain economic growth.  

Goal Two includes investments under the Economic Development Planning Assistance;

Economic Adjustment Assistance (planning and technical assistance components); Local

Technical Assistance, the University Center, Research and National Technical Assistance, and

Trade Adjustment Assistance for Firms programs.   

EDA investments in the economic growth of distressed communities help lay the foundation for

job creation and fuel economic growth, thus raising living standards and improving the quality

of life.  EDA’s optimal use of limited public funds relies on the economic leverage achieved from

its strategic and focused investments in distressed communities.  

FY 2003   FY 2004   FY 2005   FY 2006 FY 2007 FY 2008 FY 2009

Actual   Actual   Actual   Actual Actual Actual Actual

Percentage of economic development districts

and Indian tribes implementing economic

development projects from the comprehensive

economic development strategy   process that

lead to private investment and jobs.

95.0% 98.7% 96.8% 97.0% 96.5% 95.0% 92.1% 92.9%

Percentage of sub‐state jurisdiction members

actively participating in the economic   

development district program.    

89.0% 96.7% 90.1% 91.0% 89.5% 92.0% 89.5% 92.2%

Percentage of University Center clients taking

action as a result of the assistance facilitated by

the University Center  

75.0% 78.1% 78.4% 79.0% 76.0% 84.0% 80.2% 69.7%

Percentage of those actions taken by University

Center clients that achieved the expected

results  

80.0% 85.7% 87.5% 87.0% 82.3% 89.0% 83.7% 92.2%

Percentage of Trade Adjustment Assistance

Center (TAAC) clients taking action as a result

of the assistance facilitated by the TAAC.

90.0% 92.4% 90.0% 99.0% 90.0% 94.8% 91.9% 87.6%

Percentage of those actions taken by TAAC

clients that achieved the expected results. 95.0% 98.4% 98.0% 97.0% 95.8% 99.0% 95.2% 93.4%

MEASURE   Target
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Economic Development Administration FY 2009 Annual Report

Economic Development Assistance Programs

Public Works and Economic Development Assistance  

EDA’s Public Works and Economic Development investments help distressed communities

revitalize, expand, and upgrade their physical infrastructure.  This program enables

communities to:  attract new industry; encourage business expansion; diversify local

economies; and generate or retain long‐term, private sector jobs and investment through the

acquisition or development of land and infrastructure improvements needed for the successful

establishment or expansion of industrial or commercial enterprises in distressed regions.   

Public Works investments help facilitate the transition of communities from being distressed to

becoming competitive in the worldwide economy by developing key public infrastructure, such

as technology‐based facilities that utilize distance learning networks, smart rooms, and smart

buildings; multitenant manufacturing and other facilities; business and industrial parks with

fiber optic cable; and telecommunications infrastructure and development facilities.  EDA

continues to invest in its traditional Public Works projects, including water and sewer systems

improvements, industrial parks, business incubator facilities, expansion of port and harbor

facilities, skill‐training facilities, and brownfields redevelopment.  

EDA’s Public Works Program: Building More than Infrastructure

Communities across the U.S., especially in the Midwest, are benefitting from the recent boom in

wind power in the form of new manufacturing facilities, new businesses and new jobs. The

growth in wind energy manufacturing has been crucial for communities with large, shuttered

manufacturing facilities. Wind energy manufacturers need locations with large facilities and a

skilled manufacturing workforce­­ ingredients that exist in many communities.

To capitalize on this growth industry, EDA awarded $3million to the city of Brighton, Colorado,

to construct infrastructure needed to establish the Northeastern Renewable Energy Park. Basic

improvements to the city’s infrastructure, including  roads, water lines, and wastewater

collection system, enabled Vestas Wind Systems, a Dutch company, to locate two new

manufacturing facilities in the Park. This investment will not only attract a major new industry,

wind power, to Weld County, but will also establish a renewable energy corridor for clean

energy manufacturers in northeastern Colorado.  The project will assist in the creation of an

initial 1,500 new jobs by Vestas Wind Systems and  the investment of$295 million in private

capital.     
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Economic Development Administration FY 2009 Annual Report

Economic Adjustment Assistance  

The Economic Adjustment Assistance (EAA) program uses a flexible set of programs to respond

to the wide range of economic development challenges in communities and regions across the

nation, including globalization, natural resource depletion, corporate restructuring, and natural

disasters.    

EAA is the most effective single program in EDA’s arsenal to address areas impacted by

globalization, especially manufacturing dependent communities that need to develop and

implement regional strategies that will transform and diversify their economies and position

them competitively in the global marketplace.  EAA funds can be used to design the transition

strategy, construct or upgrade public infrastructure, and capitalize locally or regionally

administered Revolving Loan Funds that directly assist innovative entrepreneurs in growing 21st

century businesses.   

Additionally EAA, with its forward‐looking ‘imminent threat’ authority, allows EDA to initiate

interventions before a community’s economy bottoms out, when economic trends may clearly

indicate the need for intervention but the trailing economic eligibility indicators employed in

other programs may not provide adequate access to other assistance.   

EDA’s Economic Adjustment Assistance Program: Sparking Change

The devastating impact of the GM and Chrysler plant closures on the economy of Southeast

Wisconsin, was compounded by ruinous flooding in the summer of 2008, leaving the region

reeling. In an effort to provide much needed assistance, EDA awarded $687,100 in Economic

Adjustment Assistance to fund a three year, hands‐on business training program for new

entrepreneurs who hoped to establish businesses in Kenosha, Racine, Rock, and Walworth

counties. The new businesses created by the displaced auto workers and other entrepreneurs will

attract private investment and create jobs that will contribute to a stronger, more competitive

and resilient regional economy.

The native village of Shishmaref, Alaska, is located on Sarichef Island in the Chuklchi Sea, just

north of Bering Strait. The economy in this small community is mostly subsistence based,

supplemented by part‐time wage earnings.  The village tannery, which also received EDA

assistance in 2003, has successfully doubled its revenue in recent years and is the backbone of the

regional economy.  Every family in Shishmaref benefits from the activities which surround the

tannery.  In FY 2009, EDA invested $100,035 in Economic Adjustment Assistance funds to make

necessary improvements to the tannery.  EDA's investment also supports the creation of training

programs in tannery operations, business management, and building operation and

maintenance. This investment will save one of the last native‐run tanneries in the state of Alaska

and preserve the local Native American leather arts industry.    
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Economic Development Administration FY 2009 Annual Report

Revolving Loan Fund Program

As part of the Economic Adjustment Assistance Program, EDA’s regional offices award

competitive grants to establish revolving loan funds (RLFs). EDA’s RLF recipient, in turn,

disburses money from the RLF to make loans at interest rates that are at or below market rate

to small businesses or to businesses that cannot otherwise borrow capital. As the loans are

repaid, the grantee uses a portion of interest earned to pay administrative expenses and adds

remaining principal and interest repayments to the RLF’s capital base to make new loans. A

well‐managed RLF award actively makes loans to eligible businesses, continues to revolve funds

(interest and principal), and does not have a termination date.

As of September 2009, the RLF program encompassed 578 revolving loan funds, with a

combined capital base of $852 million.  The majority of these RLFs reported concentrating on

loans in the range of $25,000 to $175,000, although a number of funds were making much

smaller (as little as $1,000) or much larger ($1 million+) loans.

ECONOMIC DISTRESS CRITERIA FOR PUBLIC WORKS  

AND ECONOMIC ADJUSTMENT INVESTMENTS 

EDA’s Public Works and Economic Adjustments Assistance investments may be awarded if the

region meets any one of the following economic distress factors:

•  low per capita income; or

•  high unemployment; or

•  other special need, including:

‐  closure or restructuring of an industrial firm or loss of a major employer;

‐  substantial out‐migration or population loss;

‐  underemployment;

‐  military base closures or realignments, defense contractor reductions‐in‐force;

‐  natural or other major disasters or emergencies;

‐  extraordinary depletion of natural resources;

‐  negative effects of changing trade patterns;

‐  other special or extraordinary need, as determined by the Assistant Secretary

of Commerce for Economic Development.
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Economic Development Administration FY 2009 Annual Report

EDA’s Revolving Loan Funds: Providing Critical Capital

During the floods, tornadoes, and severe weather of 2008, Iowans experienced one of the most

devastating series of natural disasters in the state’s history. In order to rebuild, Iowa business

owners faced a critical need for capital. In response, EDA provided a series of critical

investments to its statewide network of RLFs. In FY 2009, EDA awarded $2.65 million to Iowa

Economic Development Districts (EDDs) to establish three new RLFs. In addition, the bureau

funded the recapitalization of six existing funds, infusing the state’s existing RLFs with close to

$2.9 million of lendable capital.

These recapitalization investments included a $1.5 million EDA grant to the East Central Iowa

Council of Governments’ (ECICOG) RLF program. One of the companies assisted by this RLF was

Bochner Chocolates, which suffered a shutdown and evacuation of plant operations during the

2008 floods. The disruption was extensive and required removal, repair and reinstallation of

production lines. Through the RLF program, Bochner Chocolates was provided a loan of

$189,912 to purchase two pieces of new equipment to increase the productivity of its

operations in its restart period following the disaster shutdown.   

Economic Development Planning Assistance  

The Economic Development Planning Assistance program provides essential investment

support to Economic Development Districts (EDDs), Native American organizations, states, sub‐

state planning regions, urban counties, cities and other eligible applicants to assist in planning.  

The two categories of the Planning Assistance program are: Planning investments for EDDs,

Indian tribes and other eligible entities; and Short Term Planning investments to states, sub‐

state planning regions and urban areas. Eligible activities under this program include

developing, maintaining and implementing a Comprehensive Economic Development Strategy

(CEDS) and related short‐term planning activities.   

EDA’s Economic Development Planning: Preparing for the Future

In order to identify untapped market opportunities, EDA funded $78,000 in short term planning

for the Montana World Trade Center at the University of Montana to develop an innovative

marketing strategy to expand domestic and international markets for Montana’s arts.  The

project resulted in Montana Masters, a product line of high­quality Montana­handcrafted

goods, focusing on Native American art.  EDA’s investment encourages entrepreneurship and

tourism by providing a network of support for artists and artisans in distressed rural areas

with limited market exposure, especially those on Native American reservations.   
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Economic Development Administration FY 2009 Annual Report

Technical Assistance  

EDA oversees three technical assistance subprograms (University Center Economic

Development, Local Technical Assistance, and National Technical Assistance) that promote

economic development and alleviate unemployment, underemployment and out‐migration in

distressed regions.  These subprograms provide funds to:

 Invest in institutions of higher education to establish and operate University Centers to

provide technical assistance to public and private sector organizations with the goal of

enhancing local economic development;  

 Support innovative approaches to stimulate economic development in distressed

regions;

 Disseminate information and studies of economic development issues of national

significance; and

 Finance local feasibility studies, planning efforts and other projects leading to local

economic development.  

University Center Economic Development  

Institutions of higher education have extensive resources, including specialized research,

outreach and technology transfer and commercialization capabilities, as well as recognized

faculty expertise and sophisticated laboratories.  The EDA‐supported University Center (UC)

subprogram is specifically designed to marshal the resources located within colleges and

universities to support local economic development in regions of chronic and acute economic

distress. UCs, which EDA considers long‐term partners in economic development, are required

to devote the majority of their funding to respond to technical assistance requests originating

from organizations located in the economically distressed portions of their service regions.

UCs have a long history of promoting and facilitating economic development in their service

regions.  They have been among the first to recognize emerging technical assistance needs.  As

early as FY 1980, EDA‐funded UCs were among the first to recognize and respond to the needs

of small and medium manufacturers and processors for technology transfer and

commercialization assistance.   

Most UCs focus their efforts on assisting units of local governments and nonprofit organizations

in planning and implementing economic development programs and projects. Typical activities

provided by the UCs include conducting preliminary feasibility studies, analyzing data, and

convening customized seminars and workshops on topics such as strategic planning and capital

budgeting. Other UCs may focus their efforts on helping private sector firms with technology

transfer and commercialization assistance.  

EDA began administering the University Center Economic Development Program on a

competitive, multiyear basis in FY 2004, holding competitions annually in two of EDA’s six

regional offices. In FY 2009, EDA’s regional offices in Atlanta and Seattle held their second
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Economic Development Administration FY 2009 Annual Report

round of competitions.  During this year, EDA invested $6.96 million in 53 UCs, including second

and third year funds for Centers selected in prior years.

EDA’s University Center Program: Bringing Research to Work

Initially funded in 2009, the University Center at the University of South Carolina (USC) provides

services that connect start‐ups with organizations in the business community to enhance their

ability to attract seed capital to sustain their growth. In addition, the UC provides laboratory and

office space in incubator facilities, and facilitates access to USC equipment and services.  

The UC’s client companies have unique access to the resources of partner organizations. Through

these partnerships, the UC provides services to support the elements of the technology

commercialization process, including technology assessment, technology marketing assistance,

business plan development and grant writing, monitoring, market research assistance, facilities

leasing and services, and technology testing and development.    

Local Technical Assistance  

The Local Technical Assistance program, one of EDA’s smallest programs in terms of funding, is

nevertheless an extremely flexible and useful economic development tool.  Projects analyze the

feasibility of potential economic development projects, such as an industrial park or a high‐

technology business incubator.  Feasibility studies are an effective tool for determining whether

the market will support a particular activity or site.

While Local Technical Assistance investments are typically small in size and scope, they can

prevent costly mistakes and misguided investments, such as costly infrastructure improvements

to support obsolete industries. Targeted market feasibility studies can help communities

overcome these hurdles and identify tomorrow’s higher‐wage employers.  Because of these

feasibility studies, many communities have received funding under EDA’s Public Works and

Economic Development Assistance program and other Federal‐ or state‐funded programs to

implement those projects.

National Technical Assistance  

The National Technical Assistance subprogram assists in formulating and implementing new

economic development tools.  These tools support local governments’ efforts to partner with

private industry and attract private investment to revitalize regions and local communities.   

Providing timely information on best practices in economic development is critical to

practitioners’ efforts to alleviate economic distress and promote economic development.  This

program identifies and funds the collection and dissemination of new knowledge, analysis and
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Economic Development Administration FY 2009 Annual Report

technical information, which helps communities assess their economic development

opportunities and supports the overall EDA strategy of enhancing regional cooperation,

fostering innovation, increasing productivity and developing industry clusters.

EDA’s National Technical Assistance:  Bringing New Tools to Development

Dissemination of Know Your Region Curriculum

Dramatic demographic and economic shifts in the global landscape are profoundly affecting cities

and regions across the United States.  For development practitioners, these changes increasingly

require they understand regional assets and how these assets link to the surrounding areas and

the global economy.

To help economic development professionals fully maximize the opportunities afforded by

regional solutions, EDA invested $75,000 to support the dissemination of the Know Your Region

curriculum.

The Know Your Region curriculum is designed to provide a framework for developing and

implementing regional strategic plans.  The curriculum places special emphasis on how

development specialists can leverage asset mapping, cluster analysis, innovation, and regional

collaboration to establish and achieve their regional development goals.

EDA’s investment will make this critical information available to practitioners through a variety of

mediums, including face‐to‐face trainings, webinars, blogs, and an interactive project website.

Additional information about the project can be obtained from the project website at

http://www.knowyourregion.org/.

Creation and Dissemination of Innovation Index

Recognizing the importance of innovation in economic development, EDA invested $100,000 in

National Technical Assistance funds to support the Indiana Business Research Center’s

development of a comprehensive innovation index that would have applicability in both urban

and rural communities across the nation.

The Innovation Index comprises data from four key areas:   

 Human Capital – Includes the characteristics that describe the ability of the population

and labor force to innovate.

 Employment Dynamics – Assesses the local resources available to county entrepreneurs

and businesses that encourage innovation close to home.

 Productivity and Employment ‐ Measures local resources available to county

entrepreneurs and businesses that encourage innovation close to home.

 Economic Well‐Being – Assesses economic well‐being for residents in region.

The Innovation Index allows economic development practitioners to identify user‐defined

geographies and determine the innovation potential of their region.  It also provides an overall

innovation score for a particular region and allows users to determine how they compare to

other regions across the nation.  

Additional information about the project can be obtained from the project website

athttp://www.statsamerica.org/innovation/.
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Economic Development Administration FY 2009 Annual Report

Research and Evaluation  

Through the Research and Evaluation program, EDA builds the knowledge base for sound

market‐driven regional and local economic development.   This work is critical to ensure that

EDA’s initiatives and investments are consistent with current best practices in economic

development.  Program evaluations ascertain EDA’s impact on measures such as return on

taxpayer investment, private capital investment leveraged and the creation of higher‐skill,

higher‐wage jobs.  Projects under the Research and Evaluation program may be carried out

through grants or cooperative agreements, as well as through studies conducted in‐house by

EDA research staff, to maximize the impact of this modestly funded program.

Trade Adjustment Assistance  

The Trade and Globalization Adjustment Assistance Act of 2009 (TGAAA), included  in ARRA,

made changes to the existing Trade Adjustment Assistance for Firms (TAAF) Program and

authorized the establishment of the Community Trade Adjustment Assistance (Community TAA)

subprogram under the Trade Act.  EDA administers Community TAA.  

Trade Adjustment Assistance for Firms Program Changes

Chapter 3 of the Trade Act authorizes the TAAF Program, which oversees a national network of

11 Trade Adjustment Assistance Centers. These Centers provide technical assistance to firms

that have lost domestic sales and employment due to increased imports of similar or

competitive goods.  Historically, only manufacturing firms had been eligible for the TAAF

subprogram, and petitioning firms were required to present data from the most recent  

12 months, compared with data from the immediately preceding 12 months, to show the

requisite decline in sales.   

The TGAAA made two major revisions to the existing TAAF Program:

 Service sector firms may be  eligible for assistance under the program; and  

 A petitioning firm is allowed longer “look back” time periods in which it may present

data for certification eligibility purposes.  Firms may now present data from the most

recent 12 months compared with average annual financial data from the preceding 12,

24, or 36 months to show the requisite decline in sales.    
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Economic Development Administration FY 2009 Annual Report

Establishment of the Community Trade Adjustment Assistance Program

Chapter 4 of the Trade Act establishes the Community TAA Program, which

helps to create and retain jobs by providing project grants to communities (cities, counties, or

other political subdivisions of a State or a consortium of political subdivisions of a State) that

have experienced, or are threatened by, job loss resulting from international trade impacts.

Grants under the program can be used to support a wide range of technical, planning, and

infrastructure projects to help communities adapt to pressing trade impact issues and diversify

their economies, including:  

 Infrastructure improvements such as site acquisition, site preparation,  construction,

rehabilitation, and equipping of facilities;

 Market or industry research and analysis;  

 Technical assistance, including organizational development such as business networking,

restructuring or improving the delivery of business services, or feasibility studies;  

 Public services;  

 Training; and  

 Other activities justified by a strategic plan that satisfies applicable statutory and

regulatory requirements.

To be eligible to apply, communities must be certified under one of the following three Trade

Adjustment Assistance program: Trade Adjustment Assistance for Workers, Trade Adjustment

Assistance for Firms, or Trade Adjustment Assistance for Farmers.   

Applications received from eligible communities are competitively evaluated in order to

maximize the economic revitalization impact of the program based on the extent to which

applications address the following six criteria:

1. Support small and medium‐sized communities, defined as communities with a

population of 100,000 or less.  

2. Assist the most severely impacted communities, in terms of the number of workers in

the community that are receiving assistance from Trade Adjustment Assistance

programs.  

3. Deliver a high return on investment in terms of creating and saving jobs, leveraging

public‐private partnerships, and utilizing best practices in project management.  

4. Support Regionalism, Innovation, and Entrepreneurship by strengthening regional

cluster strategies and fostering technology commercialization.  

5. Support Global Trade/Competitiveness by supporting “high growth/high potential

companies” and advancing business clusters with significant export potential.
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Economic Development Administration FY 2009 Annual Report

6. Grow the “Green Economy” by promoting renewable energy and energy efficiency,

“greening” existing processes or functions, and through “green building” (e.g., a

structure certified under the U.S. Green Building Council’s Leadership in Energy and

Environmental Design (LEED) system).   

Global Climate Change Mitigation Incentive Fund

EDA’s Global Climate Change Mitigation Incentive Fund (GCCMIF), established in FY 2008, helps

strengthen the linkages between economic development and environmental quality.  The

purpose and mission of the GCCMIF is to finance projects that foster economic development by

advancing the green economy3 in distressed communities.  The GCCMIF supports projects that

create jobs and increase private capital investment while reducing the nation's dependence on

fossil fuels, enhance energy efficiency, curb greenhouse gas emissions, and protect natural

systems.

GCCMIF assistance is available to finance a wide‐range of projects, including strategy

development and construction.  To access the GCCMIF, an applicant must provide appropriate

information to allow EDA to verify that the proposed project fulfills the objectives of the fund

by both project type AND project output.  Specifically, the applicant must demonstrate that the

project will be one of the following project types:

 Renewable Energy.  The development, production, or use of energy derived from

sources that do not deplete finite natural resources, including wind, solar, biomass, and

geothermal energy.

 Energy Efficiency.  A reduction in the energy produced or the energy consumed for the

same level of output with the goal of lowering energy costs.   

 Reuse/Recycling/Restoration.  The reuse of a given product (or products), or

production of a new or innovative product from recyclable materials.  This might include

waste management practices that reduce raw material usage and the amount of waste

that ends‐up in landfills.  This category also includes ecosystem restoration.   

 Green Building.  New construction or renovation that is certified by the U.S. Green

Building Council under its Leadership in Energy and Environmental Design (LEED) or

other comparable certification program.  

                                                           

3 The green economy, for the purposes of the GCCMIF, is the development and use of products and services that

contribute to economic growth and alleviate economic distress by respecting and revitalizing the environment.
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Economic Development Administration FY 2009 Annual Report

In addition, an applicant must demonstrate that the project will result in one (or more) of the

following outputs:

 Development and/or manufacture of a green end‐product. Investmentsthat produce an

end‐productthatfurthers or contributesto sustainability in general and/orthe environmental

quality ofthe associated community orregion.  The ‘end‐product’ can take numerousforms  

(i.e., activity, item, plan, or program).   

 Greening of an existing function or process.  Investmentsthatresultin green enhancements

to the resource, energy,water, and/orwaste, etc. efficiency of an existing function or process.  

The ‘enhancements’reflect changesto the life‐cycle process of an existing function so thatthe

function is performed in amore sustainablemanner.

 Creation or renovation of a green building.  Investments that result in the construction

or renovation of a structure using green building techniques that result in a net positive

outcome in terms of energy, materials, and/or water use efficiency. Such buildings or

structures must have LEED or other comparable green building certification.   

Based on project type and output, an applicant must identify, preferably in quantifiable terms,

the potential green project benefits such as renewable energy capacity per year, overall energy

savings, or carbon emission offsets of a GCCMIF financed investment.

While the majority of GCCMIF‐funded projects in FY 2009 were LEED‐certified green

construction or renovation projects, the GCCMIF is ideally suited for revitalizing communities by

repositioning former manufacturing facilities into new green uses.  Other potential projects that

could be funded under the GCCMIF include, but are not limited to the following:

 Revolving loan fund to supportthe establishment of newindustriesfocused on renewable

energy;

 Recycling center employing innovativemethodsforreprocessing construction debris;

 Teststand forwind turbine blades;

 Industrial park inwhich the primary beneficiary is producing solar panel components;

 Feasibility study for developing a biomass‐to‐electricity facility; or

 Regional cluster program focused on manufacturing firms producing renewable energy

components.

EDA’s Global Climate Change Mitigation Incentive Fund: Growing a Green Economy

Growing a green economy means more than simply building energy efficient buildings, but also

promoting the development of industries that create positive environmental impacts. To that

end, EDA invested $3.24 million in GCCMIF and Public Works funds in the Alabama Farmers

Market Authority and Gulf Coast Agricultural and Seafood Cooperative to construct a shrimp

and crab waste processing facility in Bayou La Batre, Alabama. The facility will divert byproducts from landfills and transform them into beneficial material for various uses, including
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Economic Development Administration FY 2009 Annual Report

fertilizer additives; poultry feed additives, chitosan production, and wastewater treatment.  In

addition, the facility will be constructed to meet the U.S. Green Building Council’s Leadership in

Energy and Environmental Design (LEED) green building certification standards. Grantees

estimate this project will help to create 200 jobs, to save 391 jobs, and to generate private

investment of $5.66 million.

To support the production of wind towers and promote wind power as an alternative energy

source, EDA awarded Brandon, South Dakota, a $759,500 grant under GCCMIF to construct

road and storm sewer improvements to service the city’s industrial park. These improvements

will enable an existing wind tower company to expand and create an additional 100­150 new

jobs and an additional investment of $20 million.  This investment is also anticipated to attract

five additional companies, which will help create 221 jobs and attract more than $40 million in

private investment.   

   
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Economic Development Administration FY 2009 Annual Report

FY 2009 Supplemental Appropriations

American Recovery and Reinvestment Act of 2009

The American Recovery and Reinvestment Act of 2009 (ARRA) signed into law by President

Obama on February 17, 2009, represents an unprecedented effort to jumpstart our economy,

create or save millions of jobs, and address infrastructure challenges. The Act includes

measures to modernize our nation's infrastructure, enhance energy independence, expand

educational opportunities, preserve and improve affordable health care, provide tax relief, and

protect those in greatest need.

EDA received $147 million in program funds under ARRA.  The bureau, as stipulated under

ARRA, gave priority consideration to those applications that could significantly benefit regions

“that have experienced sudden and severe economic dislocation and job loss due to corporate

restructuring.”  The funds, which were awarded through the bureau’s traditional grant making

process, support efforts to create higher‐skill, higher‐wage jobs by promoting innovation and

entrepreneurship and connecting regional economies within the worldwide marketplace.

By September 25, 2009, EDA met its stretch goal by awarding its final ARRA project a full year

ahead of the expiration of funds. In total, EDA awarded 68 grants in 37 states, ranging from

$184,000 to $6.4 million.  Of these investments, EDA awarded $141.3 million (96%) in funds for

construction projects, which will leverage an estimated $981 million in private investment over

the next nine years according to grantee estimates. These projects also support a diverse mix of

economic development activities that are proven to be effective at creating long‐term

economic stability and job growth, such as supporting regional clusters ($50 million), promoting

business incubation ($37 million), promoting green jobs ($27 million) and promoting trade,

connecting regional economies to the global marketplace ($11 million).  

EDA’s ARRA Investment:  Helping America Recover

Regional Innovation Clusters:  EDA awarded $51.6 million in ARRA funding to support 

projects that promote the development of regional innovation clusters.   

 EDA invested $4.8 million in the city of Santa Cruz, California to help create the Digital Media

Center at the Tannery, a business incubator for digital media companies.  This high­tech

business incubator will promote entrepreneurship and innovation and spur development of the

region’s media production industry cluster.
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Economic Development Administration FY 2009 Annual Report

Business Incubation:  EDA awarded $37.4 million in ARRA funds to promote business 

incubation.  

 EDA invested $4.3 million in the city of Scottsburg, Indiana to create a Technology, Innovation

and Entrepreneurship Center. The facility will provide job training and a

manufacturing/technology incubator to support the development of new businesses.

Entrepreneurship:  EDA awarded $56.8 million in ARRA funds for projects that promote 

entrepreneurship.   

 EDA invested $1.5 million in the Renew Moline, Inc. Midwest Intellectual Property Management

Institute in Moline, Illinois to support the Institute’s efforts to grow start­up businesses through

the transfer of underutilized patents to new ventures.  The Institute’s work will help make the

regional economy less dependent on traditional manufacturing and will generate higher­skill,

higher­wage jobs.  

Green and Blue Businesses and Jobs:  EDA awarded $26.9 million in ARRA projects that 

promote green and blue businesses and jobs.   

 EDA invested $800,000 in the Delaware Technical and Community College to help construct a

Green Building Technology and Alternative Energy Systems Training Center, which will train

former automotive workers for new jobs in green industries such as green roofing and solar,

wind and geothermal energy systems.   

Trade Promotion:  EDA awarded $11 million in ARRA funds on projects that help promote 

international trade.   

 EDA invested $2 million in the Georgia Ports Authority in Savannah, Georgia to enhance the

Port's service capacity by increasing the number of containers that can be managed and

maintained at the Garden City Terminal. This project will incorporate advanced technology

and world­class best practices in the implementation of an innovative systems approach to

strengthen port operations.  

Advanced Manufacturing: EDA awarded $22.5 million in ARRA funds for projects that 

promote the development of regional advanced manufacturing clusters.   

 EDA invested $3.7 million in the Itawamba Community College in Tupelo, Mississippi, to help

convert a former furniture manufacturing building to a one­stop workforce development and

training center. The facility will help retrain former furniture manufacturing workers for new

positions in advanced manufacturing and will help diversify the economy of northeast

Mississippi.   

Biotech:  EDA awarded $13.3 million in ARRA funds to promote the development of 

regional biotechnology clusters.   

 EDA invested $4.48 million in the Illinois Institute of Technology in Chicago, Illinois, to

construct a life sciences business incubator with wet and dry laboratories.  The project will

build on the region’s competitive strengths in biotechnology and related clusters.  
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Automotive:  EDA awarded $6.3 million in ARRA funds to promote job creation in the 

automotive industry.   

 EDA awarded $3 million to Hamilton County, Tennessee, to expand rail service to the Enterprise

South Industrial Park. The rail expansion will accommodate new companies, including the first

Volkswagen plant in the United States.  

Assistance to Areas Affected by Natural Disasters

In 2009, EDA awarded $247.1 million to fund 187 disaster recovery projects nationwide.

  

These grants allowed disaster‐impacted communities to make critical investments in:

 Strategic Planning ‐ EDA funds comprehensive strategic planning activities to help

create a coordinated, long‐term recovery strategy following an economic disruption.

EDA also offers financial resources and technical assistance to perform pre‐disaster

planning to increase resiliency and immediate recovery.  

 Infrastructure Development ‐ EDA provides grant funds to build new infrastructure,

such as business incubators, technology parks, research facilities, and basic utilities, to

retain or attract jobs to the region.  

 Financing ‐ Addressing another critical need—access to capital—EDA provides funding

through the EAA program to establish Revolving Loan Funds (RLF). These funds can

make below market‐rate loans to businesses to help provide gap financing to support

new business development.  

EDA’s Assistance in Recovering from Natural Disasters

In June 2008, floods destroyed the city­central, coal­fired boilers that provided steam heat and

hot water for St. Luke's Hospital and Coe College in Cedar Rapids, Iowa. When the utility

company that was responsible for the system announced its plan not to rebuild its boiler

facility, the hospital and college were left without permanent heating capacity. Both

institutions could not continue to operate without a consistent, affordable and reliable energy

supply­­ the college estimated their energy costs would quadruple and the 540­bed hospital

faced an inevitable curtailment of services vital to the community. A year after the floods, EDA

invested $4.65 million in disaster supplemental funds to help construct and install an upgraded,

energy efficient natural gas­fired boiler system. EDA’s assistance with the rebuilding effort was

critical to helping the hospital and the college keep their doors open, helping to save

approximately 3,150 jobs.   

   
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2009 EDA Award Programs

Performance Awards 2009

A recipient of an EDA investment under either the Public Works and Economic Development

Assistance or the Economic Adjustment Assistance programs may receive a Performance Award

in an amount not to exceed 10 percent of the original investment. Performance is judged by the

following criteria: amount of private investment attracted by the project; the number of jobs

created by the project; timely project completion; organizational leadership; innovation;

regional collaboration; and an economic strategy to compete in the global marketplace. A

Performance Award may be used to fund EDA‐approved economic development activities.

FY 2009 was the third year that EDA issued Performance Awards to those EDA investment

recipients whose projects demonstrated outstanding performance. The following summarizes

the Performance Awards made in FY 2009:

Recipient: Town of Moriah and Essex County, New York  

Industrial Development Agency  

Project Location:       Moriah, New York

Performance Award Amount:    $36,893

EDA Original Investment Amount:    $368,936

Investment Description:

In 2006, EDA invested $368,936 to fund water infrastructure improvements necessary to

support the expansion of the Moriah Business Park, which allowed several local businesses to

expand and create additional jobs. This investment promoted job growth in Essex County,

which is among the most economically depressed in New York.  

Description of Performance Award Achievements:

The town of Moriah and the county of Essex, New York, earned an EDA Performance Award for

completing the expansion project significantly ahead of schedule and under budget. The

expansion leverages private investment of $3.75 million and promotes the growth of private‐

sector business clusters in this rural economy.

Recipient:         Oregon Entrepreneurs Network  

Project Location:     Portland, Oregon

Performance Award Amount:    $22,087

EDA Original Investment Amount:    $220,870

Investment Description:

In 2006, EDA invested $220,870 in Oregon Investors Network (OEN) to provide businesses with

greater access to start‐up capital by increasing the number of accredited angel investors in

Oregon and assisting emerging companies in accessing those investor funds.

Description of Performance Award Achievements:

OEN earned an EDA Performance Award because of its outstanding leadership, which resulted

in it exceeding its announced targets. Instead of increasing the number of accredited angel
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investors by five, it increased it by 20. OEN also exceeded its target of expanding the funding of

one company to expanding the funding of nine. Most impressively, two local angel investor

associations were created in rural Oregon, where previously no venture capital funding had

been available.

Recipient: City of Muscle Shoals and the Utilities Board of the

City of Muscle Shoals, Alabama (Muscle Shoals)

Project Location:       Muscle Shoals, Alabama  

Performance Award Amount: $133,000

EDA Original Investment Amount:    $1,330,000

Investment Description:

In 2006, EDA invested $1,330,000 to fund upgrades to core business infrastructure to support

the development of a high‐tech airport industrial park in northwest Alabama.

Description of Performance Award Achievements:

Muscle Shoals earned an EDA Performance Award because its outstanding management of this

EDA investment produced results that exceeded announced construction schedules and

projections for job creation and private sector investment.   The construction start date was

two years and one month earlier than scheduled and the completion date one year and two

months earlier than scheduled. The number of jobs created exceeded projections by 39 and

private sector investments exceeded projections by $26 million. EDA made this investment in

response to significant job losses resulting from multiple plant closures. The investment, which

supported two counties and four cities, demonstrates the leveraging power of economic

development at a regional level.  

Recipient: Appalachian Center for Economic Networks  

(ACEnet)

Project Location:       Nelsonville, Ohio

Performance Award Amount: $133,710

EDA Original Investment Amount:    $1,337,100

Investment Description:

In 2004, EDA invested $1,337,100 in ACEnet to support the creation of the Nelsonville

Entrepreneurial Center and Business Incubator (NECBI), a regional technology incubator for

light manufacturing. NECBI’s resident firms produce piezoelectronics, which improve sensor

performance, as well as robotics and lasers. ACEnet is establishing an integrated technology

cluster in Appalachian Ohio to bring much‐needed diversification into a regional economy

dominated by the declining coal and timber industries.

Description of Performance Award Achievements:

NECBI earned an EDA Performance Award because construction began and ended on or before

the approved‐target dates due to ACEnet’s organizational leadership. By promoting innovative

entrepreneurship and regional collaboration, ACEnet increased the region’s competitiveness in

the global marketplace. Working effectively with regional educators and community leaders,

ACEnet implemented transition strategies to graduate firms from the incubator to markets,
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connect regional firms to the new global “green” economy, and ramp up the regional design,

manufacturing, distribution and sales of value‐added wood products.  

Recipient:         Nevada Partners, Inc. (NVP)  

Project Location:       North Las Vegas, Nevada

Performance Award Amount:    $199,933

EDA Original Investment Amount:    $1,999,336

Investment Description:

In 2003, EDA invested $1,999,336 to help fund the construction of a culinary training facility

offering a curriculum designed by a world‐renowned chef to prepare unemployed and

underemployed individuals for careers in the hospitality industry. Featuring banquet and bistro‐

style restaurants, NVP trains banquet servers, restaurant wait staff, and professional chefs.

Description of Performance Award Achievements:

NVP earned an EDA Performance Award for implementing exemplary regional collaboration,

working closely with county officials, resort management, and union culinary trainers to design,

construct and equip the teaching facility. Their collaboration forged a highly successful

partnership between labor and management, which provides vocational training to more than

3,500 students annually for positions in the hospitality industry. As a result of this facility, NVP

has placed successfully more than 352 graduates in culinary arts jobs in southern Nevada as

well as hotels and cruise ships around the world.  

   

Planning Performance Awards FY 2009

At the discretion of the Assistant Secretary of Commerce for Economic Development, a

recipient of investment assistance for a project located in an EDA‐funded Economic

Development District (EDD) may receive a Planning Performance Award in an amount not to

exceed 5 percent of the investment. FY 2009 was the third year that EDA issued planning

performance awards to those EDA grantees whose projects demonstrated outstanding

collaboration and effectiveness in the planning phase of a project. Recipients of Planning

Performance Awards must use their award to increase EDA's share of the cost of an EDA‐

funded project, thereby decreasing the dollar amount of the local match.  

Recipient:   Bear Paw Development Corporation of Northern

Montana (Bear Paw)

Location:   Havre, Montana

Planning Performance Award Amount:   $2,650

EDA Original Investment Amount:     $53,000

Investment Description:

In 2008, EDA invested $53,000 in Bear Paw to support the development and implementation of

a Comprehensive Economic Development Strategy (CEDS).

Description of Planning Performance Award Achievements:

Bear Paw earned an EDA Planning Performance Award because it successfully achieved the

three planning performance award criteria.  It actively participated in the economic
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development activities of the five counties in the Economic Development District (EDD). It

implemented the CEDS to achieve the EDD’s regional objectives, which included reducing

outmigration and business closures, raising commodity prices, and addressing years of

sustained drought. In addition, Bear Paw developed exceptionally collaborative relationships

with Federal, state and local entities, advancing Montana’s economic development

opportunities and the professionalism of the region’s economic development practitioners.

Recipient:   Southeast Missouri Regional Planning and

Economic Development Commission (SEMOEDC)

Location:           Perryville, Missouri

Planning Performance Award Amount:   $2,750

EDA Original Investment Amount:     $55,000

Investment Description:

In 2008, EDA invested $55,000 in SEMOEDC to support the development and implementation of

a Comprehensive Economic Development Strategy (CEDS).

Description of Planning Performance Award Achievements:

SEMORPC earned an EDA Planning Performance Award because it successfully achieved the

three planning performance award criteria. It actively participated in the economic

development activities of the seven counties in the Economic Development District (EDD). It

actively implemented the CEDS to achieve the EDD’s regional objectives, including the

development of business infrastructure critical to the region’s competitiveness. It developed

exceptionally collaborative relationships with Federal, state and local entities to advance

regional economic objectives.

Excellence in Economic Development Awards FY 2009

The EDA Excellence in Economic Development Awards (Awards) are given in recognition of

innovative economic development projects or strategies of national significance. The Awards

are designed to showcase best practices and highlight outstanding results. EDA’s annual

competition is open to nonprofit organizations; local, state or regional government entities;

universities or colleges. Nominations are evaluated by a distinguished panel of economic

development experts.

Excellence in Urban or Suburban Economic Development

JumpStart, Inc., in Cleveland, Ohio

Established in 2004, JumpStart accelerates the growth of innovative early‐stage businesses and

ideas into venture‐ready companies that have the potential to create significant wealth,

business, and employment opportunities in northeast Ohio. Serving a 21‐county region, the

nonprofit provides an innovative, entrepreneurial approach to economic development that

yields a high‐level impact on job creation, business innovation, and tax revenue generation. In

2008, JumpStart’s estimated combined economic impact on northeast Ohio measured $75.7
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million. Since its inception through March 2009, JumpStart has demonstrated exceptional

success in promoting the productivity, innovation and entrepreneurship of venture‐ready

companies, as evidenced in its generation of 50 investments totaling $13.5 million in 38

portfolio companies. During the same period, JumpStart created 501 jobs with an average

salary of $70,000. EDA invested approximately $2 million to support JumpStart’s program

operation and expansion.

Excellence in Rural Economic Development

Louisiana Business and Technology Center (LBTC) at Louisiana State University (LSU) in Baton

Rouge, Louisiana

LBTC developed Incubator on Wheels to support rural entrepreneurs through an innovative

program that deploys a 30‐seat mobile classroom into more than 30 underserved rural

communities in Louisiana each year to address their specific needs. The mobile classroom is

used to deliver more than 150 training sessions and seminars to businesses recovering from

natural disasters and communities in need of economic diversification strategies in order to

recover from plant closures. The program is dramatically changing the culture and economy of

the state in the aftermath of Hurricanes Katrina, Rita and Gustav. The mobile classroom is a

significant economic driver for rural Louisiana and, since 2006, has helped 110 businesses

through start‐up, create 548 jobs and retain 248 jobs.

Excellence in Economic Diversification Strategies

City of Kannapolis, North Carolina  

Following the closure of one of the world’s largest textile manufacturing facilities, Kannapolis

faced massive economic dislocations and the unemployment of more than 4,500 former mill

workers. In 2002, responding to the ongoing decline in textile‐related jobs, EDA invested

$320,000 in the North Carolina Partnership for Economic Development to produce a regional

economic recovery strategy. Building on this regional approach, state and local leaders, an

entrepreneur, and the University of North Carolina System collaborated to shift away from a

textile economy towards a bioscience economy. Located on the former mill site, the North

Carolina Research Campus (NCRC) is a $1.5 billion bioscience research campus, one of the

largest urban redevelopment projects in the United States. During the next 25 years, NCRC is

projected to create 37,000 jobs and generate $263 million to the local property tax base.  

Excellence in Environmental and Energy Economic Development

Saginaw Future, Inc., Michigan Economic Development Corporation, and Saginaw County

Chamber of Commerce (Saginaw Future) in Saginaw, Michigan

Working collaboratively and innovatively with strong, unified leadership on county, state and

regional levels, Saginaw Future attracted $2.5 billion in corporate investments over the past

five years. Saginaw Future and its partners embraced the principles of entrepreneurship, built

the infrastructure and workforce necessary to support high‐tech industries, and developed

incentive packages to attract and support corporations and the development of regional

industrial clusters. Saginaw Future’s forward thinking helped make the region a leader in the
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development of solar technology and production of ultra‐pure silicon that is necessary in

modern electronics. Saginaw Future’s achievements helped attract the region’s most recent

corporate build‐out.  

Excellence in University‐led Strategies

Rochester Institute of Technology (RIT) Center for Integrated Manufacturing Studies (CIMS) in

Rochester, New York

RIT is an internationally recognized leader in professional and career‐oriented education with

more than 16,000 students from over 100 countries. CIMS at RIT was established in 1992, to

enhance the economic diversification and manufacturing competitiveness in its 31‐county focus

area in upstate New York. CIMS is market‐based, results‐driven, and demonstrates strong

organizational leadership. CIMS is a national leader in the promotion of product innovation and

technology transfer. Currently, one of CIMS’ concentrations is the development of a cost‐

effective alternative energy source. Under a multi‐million dollar program, CIMS is collaborating

with a private sector partner to accelerate the commercialization of fuel cell technology. Since

2001, EDA has invested approximately $1.4 million in technical assistance to support the

achievements of RIT and CIMS, including a $200,000 three‐year grant in 2008 to its EDA

University Center.  

Excellence in Community and Faith‐Based Social Entrepreneurship

Center for Employment Training (CET) in San Jose, California

Established in 1967 in San Jose, California, CET is a nonprofit, community‐based corporation

that promotes social entrepreneurship as a redevelopment strategy in areas of economic

stress. CET builds effectively on the synergy between economic development and workforce

development. Providing a broad range of job training, human development, job placement, and

support services, CET advances unskilled workers toward full‐time, permanent, non‐subsidized,

high‐demand jobs that enable economic self‐sufficiency. The impact of CET’s achievements is

strong as participants often realize a three‐fold increase in annual income. Utilizing a network

of 17 job training and service centers across the United States, CET serves as many as 30,000

participants annually in communities of greatest need. Significantly, CET helps communities

establish or replicate CET model programs to serve low‐income families. To date, CET has

trained and placed 125,000 persons in full‐time jobs with good benefits and a career path

leading to self‐sufficiency.

Excellence in Historic Preservation‐led Strategies

City of Dubuque, Iowa

Thirty years ago, Dubuque faced difficult times with high unemployment rates, declining

population, falling property values, and inadequate infrastructure. In 1985, Dubuque Main

Street (DMS) became one of the country’s first pilot Urban Main Street programs awarded by

the National Trust for Historic Preservation.  Using this designation Dubuque has been able to

implement a grassroots strategy, leverage its historic assets and redevelop and revitalize its
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downtown and riverfront. Since 2003, EDA invested approximately $2 million to help Dubuque

plan its economic diversification and redevelop its port. Dubuque has become a tourist

destination and the workplace of 7,000 people. Another result of Dubuque’s historic

preservation‐led achievements is the recent announcement by civic officials that a leading

technology company will open a new service delivery center in the city, which is projected to

help create 1,300 jobs.   
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Appendix

State by State Investment Information

 Summary Table of EDA Approved Investments by State by Program FY 2009

 Listing of EDA Approved Investments by State by Program FY 2009

 Recovery Act Investments by State

 Disaster Supplemental Recoveries by State

EDA Reauthorization Act 2004 Reporting Requirements

 Projected Private Sector Investment Ratio for FY 2009

 EDA Leveraging Goals for Private Sector in FY 2009

 Realized Private Sector Investment Ratio for FY 2006

   
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EDA Reauthorization Act of 2004 Reporting Requirements

Projected Private Sector Investment Ratio for Construction and Revolving

Loan Fund Investments by State*

Section 603 (b) (1) of the Public Works and Economic Development Act of 1965, as amended,

requires EDA to list in its annual report all grant recipients by state, including the projected

private sector dollar to Federal dollar investment ratio for each grant recipient.  The following

state‐by‐state investment information is provided to respond to those requirements.

* These data do not include Department of Defense reimbursable investments or disaster

supplemental investments.

   
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Realized Private Sector Dollar to Federal Dollar Investment Ratio by State

Section 603 (b) (3) of the Public Works and Economic Development Act of 1965, as amended,

requires EDA to list in its annual report to Congress the realized private sector dollar to Federal

dollar investment ratio for each project after the completion of a project.  The Federal dollar

amount quoted in the following listing provides only EDA investment dollars for FY 2001 and FY

2004 construction and revolving loan fund investments.*

To implement the Government Performance and Results Act of 1993, EDA collects data on

realized private sector capital leveraged as a result of EDA’s investment in three‐year

increments after the date of award.  Therefore, for investments awarded in 2001, data were

collected first during FY 2004, again in FY 2007 and a full report will be completed in FY 2010.  

Likewise, for investments awarded in FY 2004, data were collected during FY 2007, and will be

collected in 2010 and 2013.  EDA anticipates that projected private sector capital, which is

leveraged by the investment award, may only be fully realized as much as nine years after the

award date as many EDA investments have four‐ or five‐year construction horizons.   

The following chart provides both recipient‐projected private sector investment and private

sector investment ratios reported for EDA investments approved in FY 2001 and 2004.  The

chart also provides recipient‐reported realized private sector investment and private sector

investment ratios as of September 30, 2007, with the qualification that construction on all

projects listed has not necessarily been completed.  In future annual reports, EDA will report

realized private sector investment in three‐year increments as data become available.

*These data do not include Department of Defense reimbursable investments or disaster

supplemental investments.
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EDA Leveraging Goals for Private Sector

Section 603 (b) (2) of the Public Works and Economic Development Act of 1965, as amended,

requires EDA to include in its annual report to Congress a discussion of private sector leveraging

goals set for investments awarded to (a) rural* and urban economically distressed areas; and

(b) highly distressed areas. **

The following information is provided to respond to those requirements. ***

(a) EDA’s private sector leveraging goal with respect to grants awarded to rural and urban

economically distressed areas:  

Since 2004, EDA has shown sound results in attracting private capital investment in both rural

and urban distressed communities.  In FY 2009, EDA invested 61.5 percent of its infrastructure

and RLF funds in rural areas which grantees expect will leverage $2.7 billion in private

investment; 38.5 percent of the funds were invested in urban areas which grantees expect will

leverage $4.1 billion in private investments.   

(b) EDA’s private sector leveraging goal with respect to grants awarded to highly distressed

areas:  

EDA recognizes the importance of private capital investment for successful economic

development and recognizes the importance of maintaining significant flexibility to assist those

communities that are taking the first steps toward economic growth.  Therefore, EDA often

makes prudent investments in areas where leverage ratios are lowest.

In FY 2009, EDA invested 47.5 percent of all its funds in highly distressed areas, and the

infrastructure and RLF funds invested in highly distressed areas are projected to generate

$902.7 million in private investment, based on recipient‐estimated projections.  

*    Rural includes investments made to Indian tribes.

** For an area to qualify as being highly distressed, one of the following criteria must be met: (a) a 24 month

unemployment rate of at least 200 percent of the national average, (b) per capita income not more than 60 percent

of the national average or (c) a catastrophic disaster.

*** U.S. Department of Defense reimbursable investments, disaster supplemental investments, and ARRA

investments are not included in these calculations.
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Table of Abbreviations

ARRA

Community TAA

GPRA

American Recovery and Reinvestment Act of 2009

Community Trade Adjustment Assistance program

Government Performance and Results Act of 1993

EAA

EDA

EDAP

EDD

GCCMIF

LEED

PWEDA

RLF

TAAF

TGAAA

UC

Economic Adjustment Assistance

Economic Development Administration

Economic Development Assistance Program

Economic Development District

Global Climate Change Mitigation Incentive Fund

Leadership in Energy and Environmental Design

Public Works and Economic Development Assistance Act of 1965  

Revolving Loan Fund

Trade Adjustment Assistance for Firms

Trade and Globalization Adjustment Assistance Act of 2009

University Center

   
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Headquarters Office

John Fernandez, Assistant Secretary of Commerce for Economic Development

U.S. Department of Commerce, 14th & Constitution Avenue, N.W., Room 7816

Washington, D.C. 20230

Telephone: (202) 482‐5081   Fax: (202) 273‐4781

www.eda.gov

Regional Offices

ATLANTA REGION  

H. Philip Paradice, Regional Director

401 West Peachtree Street, N.W, Suite 1820,Atlanta, GA 30308‐3519

Telephone: (404) 730‐3002   Fax: (404)730‐3025   Internet: pparadice@eda.doc.gov

Serves: Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, Tennessee

AUSTIN REGION  

Pedro R. Garza, Regional Director

504 Lavaca Street, Suite 1100, Austin, TX 78701‐2858

Telephone: (512) 381‐8144   Fax: (512) 381‐8177  Internet: pgarza@eda.doc.gov

Serves: Arkansas, Louisiana, New Mexico, Oklahoma, Texas

CHICAGO REGION  

C. Robert Sawyer, Regional Director

111 North Canal Street, Suite 855, Chicago, IL 60606‐7204

Telephone: (312) 353‐8143   Fax: (312) 353‐8575   Internet: rsawyer@eda.doc.gov

Serves: Illinois, Indiana, Michigan, Minnesota, Ohio, Wisconsin, Scott and Muscatine Counties in Iowa

DENVER REGION  

Robert E. Olson, Regional Director

410 17th Street, Suite 250,Denver, CO 80202

Telephone: (303) 844‐4715   Fax: (303) 844‐3968   Internet: rolson@eda.doc.gov

Serves: Colorado, Iowa (except Scott County and Muscatine County), Kansas, Missouri, Montana,  

Nebraska, North Dakota, South Dakota, Utah, Wyoming

PHILADELPHIA REGION  

Willie C. Taylor, Regional Director

The Curtis Center, Suite 140 South, Independence Square West, Philadelphia, PA 19106

Telephone: (215) 597‐4603   Fax: (215) 597‐1063   Internet: wtaylor@eda.doc.gov

Serves: Connecticut, Delaware, District of Columbia, Maine, Maryland, Massachusetts, New Hampshire,  

New Jersey, New York, Pennsylvania, Puerto Rico, Rhode Island, Vermont, Virginia,  

Virgin Islands, West Virginia

SEATTLE REGION  

A. Leonard Smith, Regional Director

Jackson Federal Building, Suite 1890, Seattle, WA 98174

Telephone: (206) 220‐7660   Fax: (206) 220‐7659   Internet: lsmith7@eda.doc.gov

Serves: Alaska, American Samoa, Arizona, California, the Northern Mariana Islands,  

Guam, Hawaii, Idaho, Nevada, Oregon, Washington, the Federated States of Micronesia,

the Republic of the Marshall Islands, Republic of Palau
United States Department of Commerce 

108

Economic Development Administration FY 2009 Annual Report

   
United States Department of Commerce 

109

Economic Development Administration FY 2009 Annual Report