Latest news with #U.S.EconomicDevelopmentAdministration
Yahoo
13-05-2025
- Business
- Yahoo
This week is Economic Development Week in Texas
Gov. Greg Abbott has declared this week as Economic Development Week in Texas. On April 23, Abbott declared that May 12-16 will be Economic Development Week in Texas to recognize the role that economic development organizations play in the state's economy, workforce and quality of life. Economic development organizations look to support economic expansion in an area particularly looking to bring in companies, train and expand workforce opportunities and can work either independent from or within local, regional or state governments. The U.S. Economic Development Administration recognizes over 40 in the state of Texas. More: City of Austin, Chamber of Commerce host events for Small Business Week 'The key to Texas' unrivaled success in economic development is teamwork," Abbott said. "It takes a collaborative effort from organizations across the state to attract new businesses, investments, and jobs, as well as help existing Texas companies grow. By working together with all of our economic development partners across the state, we will build a stronger, more prosperous Texas for generations.' Abbott released a five-year statewide economic development strategic plan coined, "Bigger. Better. Texas.", outlining a blueprint for economic expansion and job creation. The plan has four main goals: Establishes a unifying vision for the future of our Texas economy. Identifies new target industry sectors and clusters expected to drive strategic economic growth and job creation. Outlines objectives and initiatives to advance the state's global competitiveness. Provides data and recommendations to inform economic development decisions across the state. This article originally appeared on Austin American-Statesman: Abbott proclaims this week as Economic Development Week in Texas
Yahoo
23-03-2025
- Business
- Yahoo
MACOG project list open for review
ELKHART — Public feedback is being gathered on two long-range plans that guide tens of millions of dollars of transportation spending in four counties. The review and comment period for both the 2025-2029 Comprehensive Economic Development Strategy and the 2026-2030 Transportation Improvement Plan runs from now to April 4. Both plans are developed by the Michiana Area Council of Governments to meet federal requirements and help guide spending. 'The first one, the (CEDS), outlines different strategies and efforts and goals and plans, etc., so that we can access funding from the U.S. Economic Development Administration,' said MACOG Director James Turnwald. 'The (TIP) outlines how federal transportation dollars will be spent in this region and allows us to access those. Both of these are foundational documents that are required under federal law that allow our region to access different types of federal funds.' An open house to gather input on the 2029 CEDS and the 2030 TIP is set for Monday from 3 to 4:40 p.m. at the Greater Elkhart Chamber. A second open house will be April 2 from 3:30 to 5:30 p.m. at the St. Joseph County Public Library, Community Learning Center Classroom D. Drafts of both plans can be viewed at The TIP provides information on the schedule of multimodal transportation projects that are federally funded or deemed significant to the MACOG region. The list of projects is developed in cooperation with the Indiana Department of Transportation, regional transit providers, member jurisdictions and the public. Projects in Elkhart County listed in the TIP range from countywide bridge inspection programs at a cost of more than $500,000 apiece to the reconstruction of C.R. 17 between C.R. 38 and C.R. 142, at an estimated total cost of $42.5 million. The list also covers expenses including replacement bus purchases, road and sidewalk repair and bridge replacements. The TIP must be cooperatively developed every two years and must be compatible with the Statewide Transportation Improvement Program, according to information from MACOG. The program must be fiscally constrained, meaning only the amount of funding that can be reasonably anticipated is programmed and relates to the Michiana on the Move: 2050 Transportation Plan. The CEDS serves as a five-year plan which analyzes regional assets and challenges, forms a shared vision for economic prosperity and details strategies to achieve regional goals, according to information from MACOG. Strategies focus on areas such as fostering higher education and community partnerships, improving access and connectivity, which includes infrastructure and broadband, and cultivating communities that are characterized by economic vitality and quality of life. The plan looks at population growth, employment, housing, education attainment and other factors. Regular performance reports track and record progress toward achieving CEDS objectives.
