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News Clippings

The information below is for general awareness only and does not necessarily reflect the views of the Office of Economic Adjustment or the Department of Defense as a whole.

McCrory plans to create military and veterans affairs department

Fayetteville Observer – Updated: February 5, 2015

RALEIGH - Gov. Pat McCrory used his biennial State of the State address on Wednesday to announce plans to create a N.C. Department of Military and Veterans Affairs.


Joints Chiefs Urge New Veterans to Support Their Communities

February 3, 2015 – DoD News, Defense Media Activity, By Cheryl Pellerin

Chairman of the Joint Chiefs of Staff Army Gen. Martin E. Dempsey and the Joint Chiefs yesterday signed a letter that will go to all transitioning service members, urging them to continue serving the nation as civilians in their communities and in their new jobs.


EDA Tools: Supporting Investment in Local Communities

January 30, 2015 – Department of Commerce, commerce.gov

A community can’t attract investment if it doesn’t have a clear sense of what it has to offer to a potential company or industry looking to locate there. That’s why the U.S. Economic Development Administration (EDA) has tools to help communities identify assets in their regions that will help to attract private investment: the National Excess Manufacturing Capacity Catalogue (NEXCAP) and the U.S. Cluster Mapping website.


Top 5 Reasons to Apply to be an IMCP Designated Community

January 29, 2015 – United States Department of Commerce

Today, the Commerce Department’s Economic Development Administration (EDA) announced the next round of competition for designation as a “Manufacturing Community” under the Investing in Manufacturing Communities Partnership (IMCP) initiative. IMCP is designed to revolutionize the way federal agencies leverage economic development funds. It encourages communities to develop comprehensive economic development strategies that will strengthen their competitive edge for attracting global manufacturer and supply chain investments. Through IMCP, the federal government is rewarding best practices – coordinating federal aid to support communities’ strong development plans and synchronizing grant programs across multiple departments and agencies.


Vying for Funding, Rural Counties Often Lose to Big Cities

January 29, 2015 – Governing.com, By Mary Ellen McIntire

In Nevada, rural communities like those in Carson Valley are at a disadvantage when it comes to winning cash for new development projects. It’s hard to get noticed beyond the glare of cities like Reno and Las Vegas. So the chance to win at least $35,000 in a contest where their competition would be similar-sized rural communities was an opportunity to create a detailed plan for how the three neighboring counties could start new projects to improve their economies, said Bill Chernock, the executive director of Carson Valley Chamber of Commerce.


42 States Show Drop in Unemployment Rates

January 27, 2015 – The New York Times, By The Associated Press

Unemployment rates fell in 42 states last month, the latest sign that strong hiring is increasing job opportunities nationwide. The Labor Department said on Tuesday that rates rose in just four states and were unchanged in four others.


Success Story: Flooding Wisconsin with Innovation

January, 2015 — Economic Development Administration

In 2008, flooding devastated the City of Wauwatosa, Wisconsin. Heavy rain, winds, and several tornadoes had caused lakes, rivers, and creeks to overflow, literally washing away homes and businesses. The manufacturing sector was particularly affected, which contributed to a rise in unemployment. The entire state of Wisconsin was declared a disaster area in June of that year, and the long task of rebuilding began with help from several federal and local agencies. As things were slowly put back together, the City of Wauwatosa and the University of Wisconsin-Milwaukee Real Estate Foundation, Inc. opted to think about the long-term resiliency of the region’s economy and began working on a plan.


How Long Could Your State Operate Only on Its Fiscal Reserves?

January 21, 2015 — Government Executive — By Michael Grass

In budget discussions, state officials are often hesitant to tap their fiscal reserves. Sometimes, tapping rainy-day funds is unavoidable. And during the Great Recession, plenty of state governments had to turn their reserves to make ends meet. Some states completely exhausted those funds.


U.S. mayors group: For the first time in the recovery, every metro will see job growth

January 21, 2015 — Washington Post — By Niraj Chokshi

Each of the nation’s 363 metropolitan areas are expected to see job growth this year, a first in the post-recession era.


14 Best Startup Cities in America

Popular Mechanics

See the interactive stories behind 14 cities across the U.S. deemed great places to start something new. What makes these "startup cities"? From St. Louis, Mo., to Holyoke, Mass., to Urbana, Ill. – people and businesses in these communities are all starting, making and doing, and inspiring others to do the same.