Irvine Chamber VP Visits White House for Forum on Economic Development

Friday, August 05, 2016

Linda DiMario, Vice President, Economic Development and Tourism for the Irvine Chamber of Commerce on July 21 joined 36 invited colleagues from state, county and city Economic Development organizations across the United States at the White House Forum on Economic Development.

Held in the beautifully crafted 19th century White House Indian Treaty Room, previously the Navy Library and Reception Room, this one day, power-packed event facilitated presentations from and exchanges with top level federal departments and administration representatives from the Council of Economic Advisers, National Economic Council,  the President’s Economic Policy advisors, Office of Management and Budget, Departments of Energy, Labor, Transportation, Agriculture, Treasury, Environmental Protection Agency and the Department of Commerce – International Trade Administration, Small Business Association (SBA), Office of Investment and Innovation, and the Chief Economist.

Jay Williams, the U.S. Assistant Secretary of Commerce for Economic Development, opened the forum by setting out the priorities of innovation, skills development, infrastructure investment and public/private collaborations that create jobs and grow the economy. Those department and administration speakers that followed shared specific programs or program expansions intended to jump-start, facilitate or launch initiatives to achieve these goals. 

A few of the major programs shared include: SBA’s Office of Investment and Innovation $4 billion investment in Small Business Investment Company / Small Business Innovation Research loans for American companies; $2.5 billion in startup funding to expand the capacity of incubators to fund and launch companies; the Workforce Innovation Opportunity Act’s apprenticeship programs and industry-specific training and re-training program grants up to $6 million; and the New Markets Tax Credit program to help companies take their products to new markets.

“Obviously, this was a privilege and an honor to be among those invited to participate in this 'eye-level' discussion with key economic advisors” DiMario said. “Important contacts were made and information shared which enable the Irvine Chamber and its leadership to help our businesses grow and enhance Irvine’s economy.” 

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Tags: Economic Development, Irvine Chamber, White House Forum, Small Business Administration, SBA, National Economic Council