Strategic investment through strategic partnerships. Understanding how EDA can work and advance regional economic development

1. Understanding how EDA can work and advance regional
economic development

2. CITY MARKET-WORKFORCE DEVELOPMENT TRAINING CENTER

14.  Electrical- Residential and Commercial Wiring
 HVAC Technology
 NCCER Construction I
 NCCER Construction II
 Plumbing
 Small Engine Mechanic

15. Transportation15

16. Transportation16

17. Transportation

18. Transportation18

20. EDA’s mission is to lead the Federal economic development agenda by
promoting innovation and competitiveness, preparing American regions
for growth and success in the worldwide economy.
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21. To foster economic development communities need to leverage core assets – and often must
consider multiple resources to accomplish this.
21
Resilient Community
Physical
Infrastructure
(water, sewer,
gas, broadband)
Workforce
Available capital
providers
Strong assets of
Place
Strong
Governmental
Capacity
Strong
organizational
partnerships
across region
Thread Capital
SBA
Carolina Small Business DF
Private Lenders
DOL
Local Workforce Boards
USDA
NC Rural Center
COGs/EDDs
NC EDP
NC DOC Prosperity Zone Planners
NC Commerce
NC DEQ
NC School of Government
Community Colleges
NC Emergency Management
Community Organizations
EDA
Golden Leaf
Foundations

22. EDA provides three primary functions
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23. 2
3
Public Works and Economic Adjustment Assistance
Programs
Key Things to Know
1 2 3 4 5

24. 2
4
Public Works and Economic Adjustment Assistance
ProgramsProcess
EDR
Consultation
Proposal Application
Further
Consideration
(if favorably
reviewed)
Due Diligence
(if favorably
reviewed)
Award
(if favorably
reviewed)
Project Begins
(if favorably
reviewed)

25. Value of changing the ask:
What can EDA fund?
What do you need that may align with EDA
requirements and regulations?

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2
6
2017: Economic Adjustment Assistance
Program Investment
Funds capitalized of RLF that provides
loan funds to support business expansion
across a 17-county region in western
North Carolina. The fund is making
small business loans from $1,000 to
$200,000 to start-up businesses and
existing small-to-mid sized businesses in
growth mode across the region where
traditional bank loans are not available or
sufficient.
Mountain BizWorks

27. 27
2017: Public Works
Provides critical resources to support
construction of a new water tank, booster
pump station, and expansion of a 24-inch
water line to support creation of 180 new jobs
and $330 M in private investment at
Clearwater Paper Corporation

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2
8
2016: Public Works
 Supports construction of new building
housing industrial chemistry laboratory,
advanced manufacturing technology
simulation laboratory, advanced
manufacturing technology simulation
laboratory and STEM lab to support
numerous beneficiaries totaling 225 jobs
and $24.7 million private investment
Bladen Community College

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2016: Economic Adjustment
Assistance
Provides critical resources to support Town’s
ability to accept and treat additional flow from
expansion of Advanced Superabrasives

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3
0
2017: Public Works
 Supports job creation at Berry Hill
Regional Mega Park
City of Eden

31. 31
2013: Public Works
Provides resources to support construction
of incubator at UNC-Pembroke. Since 2016
when the facility opened, 122 clients have
been served, 56 active businesses have been
supported, and 94 jobs have been created

32. 32
2017: Economic Adjustment Assistance
Provides resources to hire staff to support
recovery and resiliency efforts in most impacted
communities in eastern NC

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35. 35

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