Regional Commissions Boost Economic Development

Yahoo Finance

During a recent congressional hearing, multiple federal regional commissions, including the Delta Regional Authority (DRA), the Denali Commission, and others, convened to discuss their efforts in enhancing economic development in disadvantaged communities. Established as federal-state partnerships, these commissions aim to implement strategies that bolster community and economic development since the 1960s. With a vision to create a nurturing environment for job creation, the commissions have made significant strides in addressing infrastructure improvements and workforce development. Witnesses from the DRA, Denali Commission, Northern Border Regional Commission, Southeast Crescent Regional Commission, and Southwest Border Regional Commission shared success stories demonstrating the effectiveness of their work. These commissions have utilized bipartisan infrastructure law funding to support over 300 projects across 19 states, addressing various regional challenges from healthcare access to housing crises. They aim to leverage federal and local resources efficiently, ensuring the growth of resilient communities. This collaborative framework showcases the crucial role these commissions play as they adapt to ongoing economic and environmental challenges while continuously seeking out innovative solutions that resonate with local needs.

Highlights

• Federal regional commissions were established in the 1960s for local economic development.
• The Delta Regional Authority and Denali Commission focus on improving disadvantaged communities.
• Regional commissions emphasized the need for bipartisan support to enhance their impact.
• These commissions are funded through bipartisan infrastructure law, supporting 300 projects.
• Examples include investments in broadband infrastructure and job training programs.
• Collaboration with local governments and the Economic Development Administration is critical.
• Witness testimonies highlighted specific successful initiatives in various states.
• The regions served face unique challenges such as inadequate infrastructure and unemployment.
• The commissions are looking to address pressing needs while ensuring effective resource allocation.
• Future efforts include ongoing reauthorization and establishing new regional commissions.