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Economic Development Administration News

31 Aug 2023

Low Interest Shown in US' First Gulf of Mexico Offshore Wind Auction

© Thomas / Adobe Stock

Only one of three available areas was sold during the United States' first ever offshore wind lease sale in the Gulf of Mexico on Tuesday.The auction, held by the Interior Department's Bureau of Ocean Energy Management (BOEM) offered up three sites for offshore wind development, including one in Louisiana (Lake Charles) and two in Texas (Galveston I and II). Together, the three shallow water sites contain a theoretical potential of 3.7 gigawatts (GW). While 16 companies had prequalified to participate in the auction, bid activity was subdued.

28 Sep 2022

Partners Awarded $50 Million to Create Clean Hydrogen Cluster in South Louisiana

(Image: Greater New Orleans)

The U.S. Economic Development Administration (EDA) earlier this month awarded a $50 million federal grant to H2theFuture, a 25-organization partnership aiming to develop a new energy cluster in South Louisiana, spanning the clean hydrogen life cycle, from R&D at Louisiana universities, to an end-use project at the Port of South Louisiana.The award is one of 21 projects from around the country chosen from 529 applicants that were funded by a $1 billion appropriation from the American Rescue Plan Act…

11 Jan 2012

WCI to Honor Rahall with 2012 Leadership Award

U.S. Congressman Nick J. Rahall, II (WV-03)

U.S. Congressman Nick Rahall to receive 11th Annual Waterways Council Leadership Service Award. U.S. Congressman Nick J. Rahall, II (WV-03) will receive the Eleventh Annual Waterways Council, Inc. Leadership Service Award on Wednesday, February 15, 2012 at the Mandarin Oriental Hotel, Washington, DC. A reception will be held at 6 p.m., followed by dinner and the Leadership Award presentation. U.S. Representative Rahall, a West Virginia native who represents his state’s Third Congressional District…

29 Aug 2003

D Street Overpass Funding in Place

The Economic Development Administration (EDA) has placed the final piece in the funding puzzle for Tacoma's D Street Overpass, announcing it will provide a $4 million grant for the $28 million project. The economic impact the overpass – including increased rail and truck freight capacity through the Port of Tacoma – served as the key reasons the EDA selected the FAST Corridor (Freight Action Strategy for the Seattle-Tacoma Corridor) project for federal funding. East D Street is a major corridor for rail and truck freight and for people wanting to access the revitalized Thea Foss Waterway. Once completed, the D Street overpass will separate train and motor vehicle traffic by raising the roadway over the railroad tracks.