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

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

EDR Activities Assist in developing an analysis and strategic plan for Hawaii and the outer Pacific Assist in developing an analysis and strategic plan for Hawaii and the outer Pacific Work with local clients developing potential investments Work with local clients developing potential investments Provide review, advice and guidance to local clients and be a resource base for alternative funding 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. Assist in bringing partners to the table and in assisting the structuring of the project.

EDR Activities (continued) Advise the Regional Office on high-impact investments Advise the Regional Office on high-impact investments Develop investments that compete regionally and are consistent with the Assistant Secretary’s strategic guidelines 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 Submit qualified investments to the Regional Office consistent with current Agency guidelines

EDR Activities (Continued) Bring clients to the Regional Office for Investment Presentation Reviews 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 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 Create New Deal Flow and attend private sector investment meetings

EDA Resources – within agency Regional Office strategic plan Regional Office strategic plan Legal Legal Environmental/Civil Rights Environmental/Civil Rights Planning and Technical Assistance, Public Works, Engineering, Economic Adjustment Planning and Technical Assistance, Public Works, Engineering, Economic Adjustment

EDA Resources - external Federal and State partners Federal and State partners Private Sector Economic Development Organizations (IEDC, EDBs, NADO, NBIA, etc.) Private Sector Economic Development Organizations (IEDC, EDBs, NADO, NBIA, etc.) Private Foundations and Funders Private Foundations and Funders Private Companies willing to donate resources Private Companies willing to donate resources University Center University Center

EDA Program Funds Technical Assistance and Planning Technical Assistance and Planning Public Works – bricks and mortar, including design work Public Works – bricks and mortar, including design work Revolving Loan Fund Revolving Loan Fund University Center University Center Trade Adjustment Trade Adjustment

Eligible Grantee State and local government or commonwealth and territories State and local government or commonwealth and territories Public or private nonprofits Public or private nonprofits Public or private colleges and universities Public or private colleges and universities Designated Redevelopment Area Designated Redevelopment Area Community Development Corporation (nonprofit) Community Development Corporation (nonprofit) Trade Association (for trade adjustment only) Trade Association (for trade adjustment only)

New Investments Analyze investment eligibility and competitiveness Analyze investment eligibility and competitiveness Initial client contact and site visit Initial client contact and site visit Assess client eligibility and area eligibility Assess client eligibility and area eligibility Prioritization of project based upon comprehensive economic development strategy (CEDS) Prioritization of project based upon comprehensive economic development strategy (CEDS)

Contact Information Gail Fujita Gail Fujita EDR for the Pacific EDR for the Pacific 300 Ala Moana Blvd. Room Ala Moana Blvd. Room 5180 Honolulu, Hawaii Honolulu, Hawaii Phone: Phone: FAX: FAX: