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Economic Development Administration. Gail Fujita, EDR April 6, 2005 Honolulu, Hawaii Federal Aviation Administration Outer Pacific Conference. Goals.

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Economic Development Administration

Gail Fujita, EDR

April 6, 2005

Honolulu, Hawaii

Federal Aviation Administration Outer Pacific Conference


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Goals

  • To help our partners throughout Hawaii and the Pacific create wealth and minimize poverty by promoting a favorable business environment to attract private capital investment and create higher-skilled, higher-wage jobs.

  • To help clients attain higher-wage, higher-skill jobs through economic development in distressed areas.


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EDR Activities

  • Assist in developing an analysis and strategic plan for Hawaii and the outer Pacific

  • Work with local clients developing potential investments

  • Provide review, advice and guidance to local clients and be a resource base for alternative funding

  • Assist in bringing partners to the table and in assisting the structuring of the project.


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EDR Activities (continued)

  • Advise the Regional Office on high-impact investments

  • Develop investments that compete regionally and are consistent with the Assistant Secretary’s strategic guidelines

  • Submit qualified investments to the Regional Office consistent with current Agency guidelines


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EDR Activities (Continued)

  • Bring clients to the Regional Office for Investment Presentation Reviews

  • Monitor all active investments, advise the Regional Office in accordance with EDA policies and guidelines

  • Create New Deal Flow and attend private sector investment meetings


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EDA Resources – within agency

  • Regional Office strategic plan

  • Legal

  • Environmental/Civil Rights

  • Planning and Technical Assistance, Public Works, Engineering, Economic Adjustment


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EDA Resources - external

  • Federal and State partners

  • Private Sector Economic Development Organizations (IEDC, EDBs, NADO, NBIA, etc.)

  • Private Foundations and Funders

  • Private Companies willing to donate resources

  • University Center


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EDA Program Funds

  • Technical Assistance and Planning

  • Public Works – bricks and mortar, including design work

  • Revolving Loan Fund

  • University Center

  • Trade Adjustment


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Eligible Grantee

  • State and local government or commonwealth and territories

  • Public or private nonprofits

  • Public or private colleges and universities

  • Designated Redevelopment Area

  • Community Development Corporation (nonprofit)

  • Trade Association (for trade adjustment only)


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New Investments

  • Analyze investment eligibility and competitiveness

  • Initial client contact and site visit

  • Assess client eligibility and area eligibility

  • Prioritization of project based upon comprehensive economic development strategy (CEDS)


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Contact Information

  • Gail Fujita

  • EDR for the Pacific

  • 300 Ala Moana Blvd. Room 5180

  • Honolulu, Hawaii 96850

  • Phone: 808-541-3391

  • FAX: 808-541-3138

  • E-Mail:[email protected]


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