Economic Development Administration

Tag Archives: Economic Development Administration

South Carolina Shrimper Finds Smooth Sailing with Help of EDA Revolving Loan Fund Program

January 18, 2023 Featured, South Atlantic

James Bradley is a second-generation commercial fisherman from South Carolina. He’s the owner of Bradley’s Commercial Fishing, a family-owned business on St. Helena Island. The company provides shrimp and other seafood items to local restaurants. Fishing has been a proud tradition for the Bradley family, which has been in the seafood business for more than 100 years. An able seaman who learned how to shrimp and fish from his father, Bradley served as captain of the company’s shrimp trawler, F/V Bradley’s Pride, which would sail the Atlantic off the South Carolina coast. It served as the centerpiece of Bradley’s company and its main source of revenue. After more than five decades in business, however, he realized it was time to buy a new boat.>click to read< 19:46

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Gina M. Raimondo Sworn in as 40th U.S. Secretary of Commerce

March 4, 2021 Caribbean, Gulf of Mexico, International News, Mid Atlantic, National, New England, North Pacific, Pacific, South Atlantic, Western Pacific

Gina M. Raimondo was sworn in as the 40th U.S. Secretary of Commerce. Secretary Raimondo was sworn in by Vice President Kamala Harris after a bipartisan vote of 84-15 in the United States Senate. In her role as Secretary of Commerce, Raimondo will lead a key agency focused on promoting economic growth, >click to read<11:20

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New Bedford port nets $20 million to protect against natural disasters

October 21, 2020 New England

A $16 million grant is bound for the city of New Bedford to improve the city’s port, helping prepare it for future natural disasters. According to a U.S. Economic Development Administration press release, U.S. Secretary of Commerce Wilbur Ross announced the grant funding on Tuesday. The money, according to the press release, will “make port infrastructure improvements needed to protect commercial fishing businesses from floods and severe weather events.” >click to read< 16:13

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U.S. Department of Commerce Announces Availability of $1.5 Billion in CARES Act Funds to Aid Communities Impacted by the Coronavirus Pandemic

May 7, 2020 Caribbean, Gulf of Mexico, Mid Atlantic, National, New England, North Pacific, Pacific, South Atlantic, Western Pacific

U.S. Secretary of Commerce Wilbur Ross today announced that the Department’s Economic Development Administration (EDA) is now accepting applications from eligible grantees for Coronavirus Aid, Relief, and Economic Security Act (CARES Act) supplemental funds (EDA CARES Act Recovery Assistance) intended to help communities prevent, prepare for, and respond to coronavirus.,, On March 27, 2020, President Donald J. Trump signed the $2 trillion CARES Act into law. The CARES Act provides EDA with $1.5 billion of which $1.467 billion is available for grant making. The remaining funds will be transferred to cover salaries and expenses and oversight activities. >click to read< 12:54

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DEM gets $1.6M grant for Port of Galilee infrastructure improvements

December 11, 2017 New England

The R.I. Department of Environmental Management has received a $1.6 million grant from the U.S. Department of Commerce’s Economic Development Administration to make critical port infrastructure improvements needed to support the region’s commercial fishing industry, U.S. Secretary of Commerce Wilbur Ross announced Monday.,,, “President Trump has been clear about the urgent need to upgrade American infrastructure from coast to coast,” Ross said in a statement. “The completion of this project will help drive new opportunities to the local commercial fishing industry in the Port of Galilee.” click here to read the story 14:57

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U.S. EDA Invests $500,000 to Re-capitalize Commercial Fishing-Focused Revolving Loan Fund for Southern Maine

May 8, 2014 New England

The U.S. Commerce Department’s Economic Development Administration (EDA) today announced a $500,000 grant to Coastal Enterprises, Inc., of Wiscasset, Maine, to re-capitalize a commercial fisheries Revolving Loan Fund (RLF) that provides greater access to capital for Maine’s commercial fishermen and fishing-dependent businesses. Read more here 16:17

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Ocean Resource Privatization

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The New England groundfish debacle (Part III): who or what is at fault? Nils E. Stolpe/FishNet

It took me a while to decide how to most accurately describe the situation that has been visited upon the New England fishing communities that are and since colonial times have been dependent on the groundfish fisheries.

NILS STOLPE: The New England groundfish debacle (Part IV): Is cutting back harvest really the answer?

While it’s a fact that’s hardly ever acknowledged, the assumption in fisheries management is that if the population of a stock of fish isn’t at some arbitrary level, it’s because of too much fishing. Hence the term “overfished.” Hence the mandated knee jerk reaction of the fisheries managers to not enough fish; cut back on fishing. What of other factors? They don’t count. It’s all about fishing, because fishing is all that the managers can control; it’s their Maslow’s Hammer. When it comes to the oceans it seems as if it’s about all that the industry connected mega-foundations that support the anti-fishing ENGOs with hundreds of millions of dollars a year in “donations” are interested in controlling. Read the article here

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