Econ Dev News2018-12-11T13:16:03+00:00

Economic Development News

USDA Now Accepting Apps for Rural Business Development Grant Program

Attention California Applicants:Applications are accepted January 2 - March 29, 2019. Program Status:Open Application Deadline:March 29, 2019 Unnumbered Letter: PDF   What does this program do? This program is a competitive grant designed to support targeted technical assistance, training and other activities leading to the development or expansion of small and emerging private businesses in rural areas which will employ 50 or fewer new employees and has less than $1 million in gross revenue. Programmatic activities are separated into enterprise or opportunity type grant activities.   Who may apply for this program? Rural public entities including, but not limited to: Towns [...]

February 19th, 2019|

Get the Latest Updates and Research on Ag by Reading USDA ARP Network Notes

*Provided by the USDA Agricultural Research Partnerships (ARP) Network USDA ARS 2017 Annual Report on Technology Transfer USDA research generated 166 new inventions and 68 patent applications in 2017, according to the annual Technology Transfer Report issued today. Innovations included tornado “safe rooms” built of cross-laminated wood, soybean germplasm with heat-tolerant genes, and tires of rubber made from a flowering desert shrub. The annual Technology Transfer Report lists technology produced through research either conducted or supported by USDA. “USDA research not only improves agriculture, but it also creates business opportunities and jobs through innovations affecting all areas of daily life,” [...]

February 19th, 2019|

EDA Launches 2019 Regional Innovation Strategies Program Competition

*Provided by the EDA EDA’s Office of Innovation and Entrepreneurship (OIE) leads the Regional Innovation Strategies (RIS) Program. Under the RIS Program, the centerpiece of the Regional Innovation Program authorized under Section 27 of the Stevenson-Wydler Technology Innovation Act of 1980 (15 U.S.C. § 3722), EDA currently awards grants that build regional capacity to translate innovations into jobs (1) through proof-of-concept and commercialization assistance to innovators and entrepreneurs and (2) through operational support for organizations that provide essential early-stage risk capital to innovators and entrepreneurs. Funding Opportunities: FY19 i6 Challenge is a leading national initiative designed to support the creation [...]

February 6th, 2019|

Just Released Housing for a Healthy California Program Final Guidelines

*Provided by the California Department of Housing and Community Development (HCD) The California Department of Housing and Community Development (HCD) has just released the Final Housing for a Healthy California (HHC) Program Guidelines. The Guidelines incorporate feedback from participants through public comment letters, and additional conversations and research during the public outreach period. AB 74 was signed into law in September of 2017, which authorized HCD to develop and implement the HHC program. The goal of the HHC program is to reduce the overutilization of emergency departments, inpatient care, nursing home stays, and use of corrections systems and law enforcement [...]

January 28th, 2019|

LAEDC created Guide to Help Planning for Business Operations After Earthquakes

*Provided by LAEDC If you’re operating a business in California, you need to take steps to improve the chances that your business operations and systems will still run after an earthquake or other natural disaster by planning for Business Continuity, Business Resiliency and Disaster Recovery. Consider the effects an earthquake may have on your business, including infrastructure damage that might prevent employees from getting to work for days or weeks. Included in this guide are suggested steps to take to help protect your people and keep your business systems running in that scenario. This will improve your chances of maintaining [...]

January 28th, 2019|

Community Development Block Grant Program for Non-Entitlement Jurisdictions – Notice of Funding Availability Amendment

*Provided by the California Department of Housing and Community Development The California Department of Housing and Community Development (HCD) has released an Amendment to the federal Community Development Block Grant (CDBG) Notice of Funding Availability (NOFA). The following updates were also made to the application workbooks: CDBG Application Summary Workbook: The Request for Waiver, Colonia Request for Waiver, Jurisdiction and Leg Info, and the Threshold tabs. CDBG Self-Score Workbook: On the State Objectives tab: The Applicant/Jurisdiction name field was unlocked and the Clarification of the State Objective Scoring Criterion was added.   Application due date has been extended from February 5, 2019 to February 26, 2019. The NOFA applies [...]

January 9th, 2019|

Don’t Leave Money on the Table! State Offering Tax Credits to CA Businesses through California Competes

*Provided by Caifornia Governor's Office of Business and Economic Development The California Competes Tax Credit is an income tax credit available to businesses that want to come to California or stay and grow in California. Tax credit agreements are negotiated by GO-Biz and approved by a statutorily created “California Competes Tax Credit Committee,” consisting of the State Treasurer, the Director of the Department of Finance, the Director of GO-Biz, and one appointee each by the Speaker of the Assembly and Senate Committee on Rules. For fiscal year 2018-19, GO-Biz will accept applications for the California Competes Tax Credit during the [...]

January 8th, 2019|

USDA Offering Millions in Loans & Grants to help Build Broadband Infrastructure in Rural USA

*Provided by the United States Department of Agriculture (USDA) United States Department of Agriculture (USDA) is offering up to $600 million in loans and grants to help build broadband infrastructure in rural America. Telecommunications companies, rural elec-tric cooperatives and utilities, internet service providers and municipalities may apply for funding through USDA’s new ReConnect Program to connect rural areas that currently have insufficient broadband service. Answering the Administration’s call to action for rural prosperity, Congress appropriat-ed funds in the fiscal year 2018 budget for this broadband pilot program. USDA Rural Development is the primary agency delivering the program, with assistance from [...]

January 8th, 2019|

Check Out this great Resource from USDA Rural Development

*Provided by USDA Rural Development  USDA Rural Development is committed to future of rural communities. Through our programs, we help to improve the economy and quality of life for rural Americans. Rural Development contacts and funding notices are at www.rd.usda.gov. The Contact Us menu tab has office addresses and phone numbers, or use our toll-free number at 1 (800) 670-6553 to be connected. For more information, click here

November 13th, 2018|

U.S. Dept. of Commerce International Trade Administration Offers Companies Full Range of Expertise in International Trade

The U.S. Commercial Service (CS), part of the U.S. Department of Commerce’s International Trade Administration, offers companies a full range of expertise in international trade. Companies can find assistance locally in more than 100 U.S. Commercial Service offices nationwide and in more than 70 international offices. For more information, click here

November 13th, 2018|

HCD & Strategic Growth Council Announced that $395M for the Affordable Housing Sustainable Communities (AHSC) Program

*Provided by The Housing and Community Development Department The California Department of Housing and Community Development (Department) is pleased to announce the availability of approximately $395 million in funding for the Affordable Housing and Sustainable Communities (AHSC) Program. The AHSC Program furthers the purposes of AB 32(Chapter 488, Statues of 2006) and SB 375(Chapter 728, Statutes of 2008). The purpose of the AHSC Program is to reduce greenhouse gas (GHG) emissions through projects implementing land-use, housing, transportation, and agricultural land preservation practices to support infill and compact development, and supporting related and coordinated public policy objectives. Funding for the AHSC [...]

November 7th, 2018|

Approximately $30M in Available Funding for CDBG

*Provided by Department of Housing and Community Development California Department of Housing and Community Development (HCD) is pleased to announce the availability of approximately $29.6 million in federal Community Development Block Grant (CDBG) funding allocated for funding year 2018 to the state from the U.S. Department of Housing and Urban Development (HUD), pursuant to the Housing and Community Development Act of 1974, as amended. For more information, click here

November 7th, 2018|

Check out this Fact Sheet About the New USCMA

*Provided by USTR.gov The United States, Mexico, and Canada have reached an agreement to rebalance and modernize the North American Free Trade Agreement into a 21st century, high-standard trade deal. The new United States-Mexico-Canada Agreement (USMCA) will better serve the interests of American workers, farmers, ranchers, and businesses and support mutually beneficial trade leading to freer markets, fairer trade, and robust economic growth in North America. Check out this Fact Sheet

November 7th, 2018|

Check out from Smart Incentives 3 Steps to Effective Incentive Cost-Benefit Analysis

*Provided by Smart Incentives Figuring out if an incentives package is a good deal for your community is not always easy. This post summarizes the three steps economic development organizations should take when conducting a cost-benefit analysis to determine whether an incentive deal is likely to generate net benefits for their community.   Read full article here

October 30th, 2018|

From CAMEO-Check Out the MicroTracker Census & In-depth Analysis of Past Small Business Census Data

*Provided by CAMEO CAMEO partners with FIELD at the Aspen Institute to conduct a census of California’s microbusiness programs using the microTracker platform. CAMEO members that fill out the Census by the end of October will receive $100 toward lunch for their staff. Accion San Diego took their entire staff to lunch. Email Andrew when you’ve completed your survey for your ‘free lunch’ as well as help on filling out the Census. Andrew can also help you and your organization complete the survey. To get an idea of what information we glean from the microTracker census, download our in-depth analysis [...]

October 30th, 2018|

Business Facilities’ 2018 Econ Dev Deal of the Year Award Now Accepting Applications until Nov 9

*Provided by Business Facilities "Business Facilities is accepting applications for the 2018 Economic Development Deal of the Year Award until Nov 9! Awards will be announced in Jan 2019, and the winners will be featured in the Jan/Feb 2019 issue of Business Facilities! An Economic Development Deal is defined for this purpose as any one of the following: -A project or effort that resulted in the relocation/expansion of a company to a location served by the entering organization; -A project or effort that resulted in the expansion of a company already within the territory served by the entering organization; -A [...]

October 16th, 2018|

Vote No On Proposition 6 and Save Transportation Projects in CA

Proposition 6 would eliminate funding for more than $5 billion annually in existing transportation funds that fund more than 6,500 bridge and road safety  and road safety, transportation and public transit improvement projects currently underway throughout California. Fact sheet here To learn more, go to the No on Prop 6 Website: https://noprop6.com/

October 9th, 2018|

Check Out the ARP Network Notes & Know the Agriculture Research that has been Conducted

*Provided by the Agricultural Research Partnership Network The ARP Network enlists the help of partners to spark economic development, entrepreneurship and community development. USDA ARS founded the ARP Network to expand the impact of ARS research and provide resources to help companies grow. By combining ARS research expertise with complementary capabilities and talents of partnering organizations, the ARP Network helps stimulate economic growth through technological advancements. The ARP Network matches business needs with ARS innovations and research capabilities and provides business assistant services to help companies and startups solve agricultural problems, develop products and create new jobs. Read more here [...]

October 9th, 2018|

5 Valley industries to add 137K jobs by 2024

*Posted by Reggie Ellis from the SunGazette on September 12, 2018 "California is now in the midst of the second-longest employment expansion on record – gaining more than twice as many jobs over the past eight years than it lost during the Great Recession. According to the Employment Development Department’s (EDD), job gains are spread across industry sectors with the largest number of new jobs expected in the educational services (private), health care, social assistance sector, and the construction sector. The EDD also projected California’s economy will generate a total of 4.7 million job openings between the second quarters of [...]

October 9th, 2018|

JP Morgan Chase Launches AdvancingCities Challenge to Invest More in Cities

*Provided by JP Morgan Chase & Co. The AdvancingCities Challenge will make investments of up to $3 million in cities to support creative, collaborative and sustainable solutions that address cross-cutting challenges to help more people benefit from a growing economy. Informational Calls are on 9/17 and 9/25. Sign up for one of them here Competition closes November 30, 2018 More information here

September 25th, 2018|

EIFD’s Expanded to Cover Maintenance

On Wednesday, September 19, 2018, Governor Brown signed Senate Bill 1145, a sponsored bill with CALED. This bill aimed to protect local economic development investments by allowing Enhanced Infrastructure Financing Districts (EIFDs) finance ongoing maintenance costs for public projects in their districts. In 2014, Senate Bill 628 (Beall) was enacted to have local agencies create EIFDs to finance key infrastructure projects and facilities. EIFDs become an important economic development tool that allow jurisdictions to move projects forward that might otherwise be shelved, given the absence of redevelopment. However, eligible costs for EIFDs were limited. Financing only included construction, acquisition and rehabilitation, as [...]

September 24th, 2018|

A Win for Small Manufacturers

On Friday, September 21, 2018, Governor Brown signed Assembly Bill 1547. Authored by Assemblymember Sharon Quirk-Silva, AB 1547 eliminates the California Industrial Development Financing Advisory Commission (CIDFAC) and, as a result, removes a barrier for small-to-medium sized manufacturers trying to access low-cost financing. Throughout CIDFAC’s existence, manufacturers and economic developers have expressed that CIDFAC subjected manufacturers to an expensive duplicative review process to access Industrial Development Bonds (IDB). Originally, CIDFAC was created at a time when there was a high volume of IDB projects and oversight over local industrial development authorities was deemed to be necessary to effectuate the state’s goals. [...]

September 24th, 2018|