1. IEDC Presented HUD with Proclamation in Support of the CDBG Program, Commemorating its 50th Anniversary | IEDC's Julia Kraeger, Chief Operations Officer, presented the U.S. Department of Housing and Urban Development's (HUD) Marion M. McFadden, Principal Deputy Assistant Secretary for Community Planning and Development, with a proclamation in support of the Community Development Block Grant program, commemorating the program's 50th Anniversary. The proclamation was presented yesterday, June 3, at the CDBG 50th Anniversary Kickoff event at HUD's headquarters in the Brooke-Mondale Auditorium.
"Since CDBG’s inception in 1974, HUD has invested over $170 billion in urban, suburban, and rural communities for job creation, affordable housing, disaster recovery efforts, economic development, infrastructure projects, and more. These funds are empowering communities, facilitating investments, and transforming lives, which is why IEDC and its members champion robust funding levels in FY25 Appropriations for CDBG programming."
Julia Kraeger
Chief Operations Officer
IEDC
Washington, DC
HUD and IEDC want to hear from you! What projects has the CDBG program supported in your community, and how have they contributed to local growth, development, and transformation? Let us know on social media with #CDBG50 and email submissions to [email protected].
2. Application for IEDC's Excellence in Economic Development Awards Close Next Friday, June 14 | The Excellence in Economic Development Awards program consists of 26 unique categories showcasing transformative projects that have profoundly impacted communities, regions, and nations. Award winners are recognized in-person at the 2024 Annual Conference and throughout the year via IEDC's communication channels.
All organizations, big or small; in rural, urban or suburban communities; U.S.-based or international, are eligible and encouraged to participate in this competitive program.
Should you have any questions about the Excellence Awards program, please email [email protected] or call (202) 223-7800.
3. 'Leveraging Venture Capital in Economic Development Strategy' Webinar Rescheduled to June 26 | Join us for an insightful webinar as we explore venture capital's transformative power in driving economic development and fostering innovation. This session will delve into effective strategies for leveraging venture capital to fuel growth and prosperity within local business ecosystems.
Venture capital plays a pivotal role in fueling the growth of startups and high-potential businesses, creating jobs, and catalyzing economic expansion. However, navigating the world of venture capital can be daunting for Economic Development Organizations (EDOs) of all sizes. In this webinar, we will demystify the process and provide actionable insights tailored to the needs of both small and large EDOs.
ICYMI | IN CASE YOU MISSED IT
This course explains the importance of building a community centered around entrepreneurship and small business creation, sustainability, and growth. Participants will also learn how to identify resource gaps, understand the importance of inclusion, and develop practical ways to measure success in an entrepreneurial ecosystem.
When: June 13-14, 2024 | Online
Registration Deadline: June 11 at 11:59 PM ET
This workshop uses real world examples to provide essential guidance and tools to assist economic development professionals in fostering a culture of high ethical standards in their organizations.
When: June 11, 2024 | Online
Registration Deadline: June 10 at 11:59 PM ET
WHAT WE'RE FOLLOWING
 Credit: The Associated Press (AP) News/Jeff Amy/Mike Stewart |
US Energy Secretary calls for more nuclear power while celebrating $35 billion Georgia reactors "U.S. Energy Secretary Jennifer Granholm on Friday called for more nuclear reactors to be built in the United States and worldwide. But the CEO of the Georgia utility that just finished the first two scratch-built American reactors in a generation at a cost of nearly $35 billion says his company isn’t ready to pick up that baton. 'It is now time for others to follow their lead to reach our goal of getting to net zero by 2050,' Granholm said. 'We have to at least triple our current nuclear capacity in this country.'"
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