This EDA investment supports idea village with developing a pipeline of startup activity from across the region and position new orleans, particularly opportunity zones in downtown new orleans, as a…

The Department of Commerce Economic Development Administration (EDA) awarded a $625,000 Project Grant to The Idea Village, Inc. under the Economic Adjustment Assistance (EAA) program to develop a pipeline of startup activity across the New Orleans region. Funded activities will position New Orleans, particularly Opportunity Zones in downtown, as an innovation hub by empowering founders from diverse backgrounds to build technology-based businesses. This aims to help the local economy recover more quickly from the coronavirus pandemic and Hurricane Ida by diversifying the economy, promoting sustainability, and expanding job opportunities throughout the region. Completion of the project will strengthen New Orleans' long-term economic resilience.

This EDA investment supports idea village with developing a pipeline of startup activity from across the region and position new orleans, particularly opportunity zones in downtown new orleans, as a hub for innovation. The project will help empower founders from diverse backgrounds, to build technology-based businesses in a way that helps the local economy recover more quickly from the coronavirus pandemic and from natural disasters such as hurricane IDA, to build a more resilient economy for the long term. Once completed, the project will diversify the local economy, promote economic sustainability, expand job opportunities, and promote growth throughout the region.