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EDA Helps Launch Jobs and Innovation Accelerator Challenge to Promote Regional Growth, Competitiveness

The Commerce Department’s Economic Development Administration (EDA), along with 15 other federal agencies within the Obama Administration, today announced a $33 million Jobs and Innovation Accelerator Challenge to drive innovation-fueled job creation and global competitiveness through public-private partnerships in at least 20 regions around the country.  The Challenge will award funds to regions with high-growth industries that support a wide range of economic and workforce development activities. The Department of Labor’s Employment and Training Administration will invest up to $20 million for technical skills training; EDA will invest up to $10 million in Economic Adjustment Assistance funds; and the Small Business Administration will invest up to $3 million in technical assistance.  The Obama administration is committed to smarter use of existing federal resources to foster regional innovation in support of sustainable economic prosperity. Strong indus...

Weekly Address: Taxpayer Subsidies for Oil Companies are Neither Right, nor Smart, and They Should End

WASHINGTON – As oil and gas companies make tens of billions in profits and the government scours the budget for savings, President Obama called on Congress to stop handing them $4 billion annually in taxpayer subsidies. America’s oil production last year reached its highest level since 2003, but we need to invest in the energy of the future, instead of subsidizing the energy of the past. Remarks of President Barack Obama Weekly Address Saturday, April 30, 2011 Washington, DC After the worst recession since the Great Depression, our economy is growing again, and we’ve gained almost 2 million private sector jobs over the last 13 months. But I also know that a lot of folks aren’t feeling as positive as some of those statistics might suggest. It’s still too hard to find a job. And even if you have a job, chances are you’re having a tougher time paying the rising costs of everything from groceries to gas. In some places, gas is now more than $4 a gallon, meaning that you could be pay...

Breaking News! A Relative Speaks Out

A relative of one of the three men indicted on January 7, 2009, for allegedly conspiring to assault African-Americans in retaliation for President-Elect Barack Obama’s election victory, speaks out on his relative's behalf. My name is Joseph P. Carranza ( 46 ). I was shocked, and horrified to learn, that my Second Cousin, Brian Carranza, is accused in connection with this tragic incident. I feel it is my obligation, to speak on behalf of the entire Carranza Family, to convey our deepest, most heart-felt sympathies for the victims of this crime. Full Story...