Economic Development News
Thursday, October 12 2017
Washington, D.C. — U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $30 million to support 35 projects in 15 states under the 2017 Assistance to Coal Communities (ACC 2017) initiative. The funding will assist locally-driven efforts to communities and regions severely impacted by the declining use of coal through activities and programs that support economic diversification, job creation, capital investment, workforce development and re-employment opportunities.
Thursday, December 22 2016
New analysis reveals how and why the Fortune 500 buy wind energy
Washington, D.C., — More and more Fortune 500 companies are emerging as major customers of American clean energy and, according to a new report released from the American Wind Energy Association (AWEA), we now know what, where and how they are buying.
“In recent years Fortune 500 companies have led an intense search for the best ways to buy more clean energy,” said Tom Kiernan, AWEA CEO. “And when big-named brands buy clean energy, they overwhelmingly choose wind because of our reliable, low cost. Survey after survey shows Americans want more wind, and we want them to know brands behind the well-known products they buy — Amazon, General Motors, Google, Walmart and many more — are already wind powered.”
Wednesday, June 08 2016
PRESIDENT OBAMA TO DELIVER KEYNOTE ADDRESS
Washington D.C. -- The U.S. Department of Commerce will host the 2016 SelectUSA Investment Summit Washington Hilton Hotel in Washington, D.C. The administration-wide effort will feature remarks from President Obama, Secretary of Commerce Penny Pritzker, Secretary of State John Kerry, Secretary of the Treasury Jacob J. Lew, Secretary of Agriculture Tom Vilsack, Secretary of Labor Thomas E. Perez, and Secretary of Transportation Anthony Foxx. , at the
This year’s Summit theme, “The Innovation Advantage,” will highlight American leadership in research and development, entrepreneurship, advanced manufacturing, and other areas. The innovative climate and diversity of resources across the United States contribute to global success for foreign investors.
Wednesday, May 25 2016
Washington -- More than 20 representatives of Texas communities and a member of the Texas Transportation Commission were on Capitol Hill this week urging federal officials to continue and accelerate the ongoing development of Interstate 69.
Local leaders participating as members of the Alliance for I-69 Texas pressed for federal approval of federal grants for two specific Texas projects that will improve freight movement on segments of I-69. The Texas Department of Transportation is seeking funding under the FASTLANE grant program for the I-35/I-69W interchange project in Laredo and for a portion of SH 99 which will connect I-69 directly to the Port of Houston.
The FASTLANE program was established as part of the FAST Act, the five-year federal transportation bill passed by Congress last year. This program will provide $4.5 billion over five years in competitive grants or credit assistance to nationally and regionally significant freight and highway projects.
Big brands and other emerging customers signed for more than half of new wind power capacity contracted in 2015
Thursday, April 07 2016
Fortune 500 companies, cities and universities dawn as major customer class
Washington, D.C. -- Major brands and other emerging non-utility customers signed 52 percent, or 2,074 megawatts (MW), of the wind power capacity contracted through power purchase agreements (PPA) in 2015. Customers driving this new demand for wind energy include Fortune 500 companies behind household brands, like Tide and Downy, high-tech companies, universities, and major U.S. cities.
This non-traditional customer class contracted for the majority of electric generating capacity though wind PPAs in a given year for the first time, according to the American Wind Energy Association’s (AWEA) forthcoming 2015 U.S. Wind Industry Annual Market Report, set for release on April 12 in Denver, Colorado.
Friday, April 01 2016
Washington, D.C. -- The United States and China issued a joint statement today announcing the two nations will sign the Paris Agreement, last year’s international agreement to lower greenhouse gas emissions, on Friday, April 22 (this Earth Day). AWEA CEO Tom Kiernan reacted with the following statement:
“This historic announcement shows the U.S. is in the market for climate solutions that work. Wind power is one of the biggest, fastest, cheapest ways the U.S. can reduce carbon pollution. Through deploying more wind energy, we can cut out a tenth of the nation’s entire carbon footprint by the year 2030 and keep more money in the pockets of American consumers while doing so."
Tuesday, March 29 2016
U.S. wind fleet reduces power sector CO2 emissions more than six percent
Washington, D.C. -- U.S. wind farms reduced electric power sector carbon dioxide emissions by an estimated 132 million metric tons in 2015, according to the American Wind Energy Association’s (AWEA) forthcoming annual U.S. wind industry market report. Those avoided emissions are equal to that from 28 million cars, or more than six percent of all carbon dioxide (CO2) emissions from U.S. electricity generation last year.
Wind energy also greatly reduces a variety of health-harming air pollutants, including smog-causing sulfur dioxide (SO2) and nitrogen oxides (NOx), which helps reduce rates of asthma and other respiratory issues. Electricity generated by wind in 2015 displaced an estimated 176,000 metric tons of SO2 and 106,000 metric tons of NOx, representing $7.3 billion in avoided health costs last year alone.
Tuesday, March 01 2016
Wind supplied Iowa with over 31 percent of its electricity last year
Thursday, February 25 2016
Washington, D.C. -- Building new wind farms in the U.S has added $13 billion a year on average to the American economy over the past five years. According to information released today by the American Wind Energy Association (AWEA), that’s more money each year than the annual revenue generated by Major League Baseball.
U.S. Transportation Secretary Foxx Recommends $3.5 Billion to Expand Transit Options that Improve Access to Jobs and Opportunities
Thursday, February 11 2016
Washington -- U.S. Transportation Secretary Anthony Foxx highlighted $3.5 billion recommended in President Obama’s Fiscal Year 2017 budget to advance the construction or completion of 31 rail, bus rapid transit and streetcar projects in 18 states. These projects, competitively funded through the Federal Transit Administration’s (FTA) Capital Investment Grant (CIG) Program, would create thousands of construction and operations-related jobs and help communities expand transportation choices that offer new ladders of opportunity for residents.
“Since 2009, the Obama Administration has funded nearly 100 new and expanded mass transit projects in numerous cities and metropolitan areas across the country,” said Secretary Foxx. “These projects transform communities, improving mobility and access to jobs, education and other important opportunities for millions of people. Public transit is an important ally in the effort to ensure that hard-working Americans are offered a chance to succeed in the 21st century economy.”
Friday, January 29 2016
Photo Caption: Port of South Louisiana Executive Director Paul Aucoin as emcee of the Washington Mardi Gras; RREDI Breakfast on Friday, January 22, 2016
Washington, D.C. -- As most Louisianians know, nothing stops Mardi Gras. In like fashion, nothing stopped the 2016 Washington Mardi Gras held at the Washington Hilton Hotel this past weekend. Washington Mardi Gras was only overshadowed, to some respect, by one thing: the record snow dumped on the eastern seaboard, including Washington D.C., by Winter Storm Jonas. Many of those attending the festivities found themselves stranded away from home, as transportation in and out of town was shut down for three days. Nevertheless, the event continued, virtually without a hitch.
The Washington Mardi Gras is a yearly event where local lawmakers, businessmen, industry executives, parish leaders, and economic developers connect with the state’s U.S. Congressional delegation and with one another to bring improvement or positive change to the state of Louisiana. It’s also a celebration and exhibition of Louisiana traditions.
Friday, October 30 2015
Washington, DC -- Award-winning singer and songwriter Dierks Bentley, a licensed pilot who values business aircraft and utilizes business aviation, will be a featured speaker Nov. 17 during the Opening General Session at NBAA’s Business Aviation Convention & Exhibition (NBAA2015) in Las Vegas, NV.
Bentley will discuss how his Cirrus SR22T Xi aircraft has helped him in his performing career. The country music star has crisscrossed the country countless times while on tour, and has said that flying his own plane, instead of riding a tour bus, optimizes the efficiency of his travel.
“Dierks Bentley has first-hand knowledge of the utility of business aircraft,” said NBAA President and CEO Ed Bolen. “We look forward to having this talented musician and pilot at NBAA2015, to detail how the use of an airplane for business has applied to his music career.”
Since 2003, the vocalist and guitarist has recorded eight albums and garnered 13 number-one songs. Bentley has received 11 Grammy nominations and earned official membership in the Grand Ole Opry.
As the most important business aviation event of the year, NBAA2015 offers attendees an unparalleled opportunity to learn about the latest issues affecting the industry. And as the largest gathering of the industry in the world, NBAA2015 is the best place to review the latest business aviation products, technologies and services, while participating in dozens of education sessions and making side-by-side comparisons of the innovative aircraft on static display.
NBAA2015 will be held Nov. 17 to 19 at the Las Vegas Convention Center, with two aircraft displays – an indoor one on the exhibit floor of the convention center, and an outdoor display at nearby Henderson Executive Airport.
Founded in 1947 and based in Washington, DC, the National Business Aviation Association (NBAA) is the leading organization for companies that rely on general aviation aircraft to help make their businesses more efficient, productive and successful. The Association represents more than 10,000 companies and provides more than 100 products and services to the business aviation community, including the NBAA Business Aviation Convention & Exhibition, the world's largest civil aviation trade show. Learn more about NBAA at www.nbaa.org.
Contact: Dan Hubbard, (202) 783-9360, email@example.com
Monday, July 13 2015
Interactive map highlights banks work in their communities
Washington -- The American Bankers Association Foundation has announced the launch of a new interactive map – “Banks in their Communities” – which showcases corporate social responsibility programs from banks across the country. The announcement was made at today’s White House Conference on Aging.
The map – featuring profiles from ABA’s Community Commitment Awards submissions – allows users to search and view bank programs in six categories, including:
Thursday, May 28 2015
Washington -- The Federal Railroad Administration (FRA) issued a $6.8 million Railroad Rehabilitation and Improvement Financing (RRIF) loan to the Arkansas and Missouri Railroad (A&M). A&M will use the loan to refinance the purchase of three locomotives that improves the company’s operations, enhances safety, and reduces carbon emissions.
“Expanding financing opportunities for railroads will create jobs, grow the economy, and improve the quality of our rail infrastructure,” said U.S. Transportation Secretary Anthony Foxx. “The GROW AMERICA Act will strengthen the RRIF program by reducing the cost of obtaining a loan and making the program more accessible.”
SelectUSA Investment Summit Pays Immediate Dividends as Oakland County Attracts Two International Companies
Wednesday, May 13 2015
Waterford, Michigan -- Two international manufacturers who met with Oakland County economic developers at the SelectUSA Investment Summit in Washington D.C. confirmed they will establish business locations in Oakland County.
The announcements come little more than a month after the companies – APAG Elektronik AG and Promac – met with the Oakland County business development team. Within a week of meeting with the Oakland County team, company representatives were in Oakland County in search of potential sites.
“These companies have seen what a thousand others who came before them saw – that Oakland County is the best market for international investment,” Patterson said. “We are proud of the business climate we’ve created for international companies and the infrastructure available to support their business. We welcome these two fine companies to Oakland County.”
Federal Railroad Administration Issues $967.1 Million MTA Loan to Finance Critical Safety Upgrades to the Nation's Largest Commuter Railroads
Thursday, May 07 2015
Washington D.C. -- The Federal Railroad Administration (FRA) today closed on a $967.1 million Railroad Rehabilitation and Improvement Financing (RRIF) loan with New York City’s Metropolitan Transportation Authority (MTA) in order to facilitate the deployment of Positive Train Control (PTC) on both the Metro-North Railroad (Metro North) and the Long Island Rail Road (LIRR). It is the largest RRIF loan in FRA’s history.
“This loan will help prevent derailments and ensure the safety of the riding public,” said U.S. Transportation Secretary Anthony Foxx. “Continuous investment in rail technology and infrastructure will enable us to meet the growing demand for rail while saving lives.”
Wednesday, March 11 2015
Bipartisan Bill Would Provide Certainty to Railroads, Boost Rural Economic Development
Washington D.C. -- Senate Finance Committee Ranking Member Ron Wyden, D-Ore., and Senator Mike Crapo, R-Idaho, today introduced the Short Line Railroad Rehabilitation and Investment Act of 2015. They were joined by Senators Jerry Moran, R-Kan., Johnny Isakson, R-Ga., John Boozman, R-Ark., Bob Casey, D-Penn., Charles Schumer, D-N.Y., and Richard Blumenthal, D-Conn. This bill will extend the short line railroad track maintenance tax credit that expired in 2014.
“Small railroads provide a critical service to communities and businesses across Oregon, and this bill means continued investment in important infrastructure,” said Wyden. “The short line rail credit empowers railroads to make investments in the first and last mile of what is often a transcontinental journey for goods destined for factories, grain elevators, mills, and other vital parts of the economy in Oregon and across the country.”