Economic Development Administration (Department of Commerce)

Joseph Wender, director of the Capital Projects Fund (CPF), said that the program has awarded all the states and territories their portion of the $10 billion fund, and the awardees have decided to spend $8 billion on broadband infrastructure projects. The CPF was created as part of the American Rescue Plan Act (ARPA), which became law in March 2021. ARPA included a variety of programs to help Americans during and after the Covid crisis.

The U.S.

On August 7, 2024, the National Telecommunications and Information Administration (NTIA) released the third funding report showing fiscal year (FY) 2022 data reported by 13 agencies across 70 programs making investments in broadband.

This is the third Federal Broadband Funding Report produced by NTIA, showing fiscal year (FY) 2022 data reported by 12 agencies across 70 programs making investments in broadband. This is the first Federal Broadband Funding Report to highlight trends across three fiscal years of data collected. For the first time, this report not only will release a dashboard of major findings but will also include a comprehensive view of broadband investment data reported across the last three data collections—reflecting broadband investments from FY 2020 to 2022.

The Biden-Harris Administration, through the U.S. Department of Commerce’s Economic Development Administration (EDA), announced another funding round of approximately $504 million in implementation grants to 12 Tech Hubs to scale up the production of critical technologies, create jobs in innovative industries, strengthen U.S.

The Department of Commerce's Economic Development Administration (EDA) and the Department of Agriculture's Rural Development (USDA RD) offer this joint planning resource guide, designed to help you eliminate barriers and encourage collaboration among your stakeholders. The guide is separated into four key focus areas including infrastructure and high-speed internet expansion.

The Eliminating Barriers to Rural Internet Development Grant Eligibility (E-BRIDGE) Act removes hurdles for broadband projects under Economic Development Administration (EDA) grants, including difficult last-mile efforts that often delay rural broadband deployment.  It also ensures that local communities can partner with the private sector in carrying out broadband projects and gives communities more flexibility in complying with their funding match requirements.

US Secretary of Commerce Gina Raimondo announced the creation of the US AI Safety Institute Consortium (AISIC), which will unite AI creators and users, academics, government and industry researchers, and civil society organizations in support of the development and deployment of safe and trustworthy artificial intelligence (AI).

By passing the Infrastructure Investment and Jobs Act (IIJA), the CHIPS and Science Act (CHIPS), and the Inflation Reduction Act (IRA), the 117th Congress approved over a trillion dollars in immediate appropriations and nearly $600 billion more in authorizations to invest in infrastructure, clean energy, climate resilience, and industrial policy. Given the complex challenges that rural communities face to achieve and sustain prosperity, we examined the provisions of this legislation to identify where rural places are statutorily included or where funding objectives are exceptionally relevan

The Biden Administration recently announced the designation of 31 ‘tech hubs,’ areas intended to become hotbeds of innovation, across the United States. The more than two-dozen new tech hubs will ‘have the tools they need to compete on a global scale,’ including Economic Development Administration funding opportunities and access to a range of technical assistance from agencies such as the Department of Transportation, the Department of Agriculture, and the Small Business Administration. According to Eric Smith, the Tech Hubs Program Director at the Department of Commerce’s Economic Develop