Congress Passes Funding Bill: ED Programs Funded at Historic Levels
On Friday, March 23, 2018, President Trump signed a $1.3 trillion spending bill into law. With many thanks to the policy team at IEDC and other economic development allies, OEDA is able to share positive news. Several key economic development programs, initially slated for large cuts and/or elimination in the administration’s budget, not only survived, but received near historic funding. Highlights related to the funding of key economic development programs include:
- EDA – received roughly $302 million for fiscal 2018; about $26 million above fiscal 2017
- MEP – received $140 million; $10 million above fiscal 2017
- CDBG – received roughly $3.3 billion; $365 million about fiscal 2017
- TIGER – received $1.5 billion; $1 billion above fiscal 2017
- Rural Business-Cooperative Service – received roughly $77 million; about $12 million above fiscal 2017
- ETA apprenticeship opportunities – received $145 million; $50 million above fiscal 2017
- MBDA – received $39 million; $5 million over fiscal 2017
- ARC – received $155 million; $3 million over fiscal 2017
- Denali Commission – received $30 million; $15 million over fiscal 2017
- DRA – received $25 million; level with fiscal 2017
- Northern Border Regional Commission – received $15 million; $5 million over fiscal 2017
How are these increases possible? Congress voted earlier this year to do away with discretionary spending caps for the next two years and increased budgetary authority for defense and non-defense spending by hundreds of billions of dollars. While Congress has acted on this new authority, many policy experts are cautioning that such spending levels are not sustainable long term and economic developers will need to remain vigilant for future budget “corrections” that could cut funding or eliminate programs.
The Ohio Economic Development Association (OEDA) is proud to congratulate the winners and finalists of the 2019 Annual Excellence Awards! Recognition was presented at the 2019 Annual Summit, held at the Embassy Suites Columbus-Dublin.
The Ohio Economic Development Association’s Annual Excellence Awards program recognizes the achievements of individuals and organizations throughout Ohio in the areas of economic and workforce development.
“The Annual Excellence Awards showcase the best of the best in economic development and gives members of the profession the opportunity to come together and collectively celebrate the success of the economic development profession,” Jennifer Price, OEDA Executive Director, said.read more
Call for Governor’s Cup Submissions: Collectively, you can make a positive impact by submitting your community’s successful economic development projects. The Governor’s Cup submission portal is now open at: https://www.jobsohio.com/govcup-input/read more
Success through Collaboration: A Regional Conference for Southeast Ohio, is being held on Friday, October 4th from 8:30 a.m. to 3:30 p.m. at Buckeye Hills Regional Council in Marietta. This event will bring together community leaders, elected officials, practitioners and more to explore how the power of collaboration has – and will continue to – garner success for southeast Ohio.read more