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The Economic Development Administration (EDA) was established
under the Public Works and Economic Development Act of 1965 (42 U.S.C. §
3121), as amended, to generate jobs, help retain existing jobs, and
stimulate industrial and commercial growth in economically distressed areas
of the United States. EDA assistance is available to rural and urban areas
of the Nation experiencing high unemployment, low income, or other severe
economic distress.
In fulfilling its mission, EDA is guided by the basic principle that
distressed communities must be empowered to develop and implement their own
economic development and revitalization strategies. Based on these
locally-and regionally-developed priorities, EDA works in partnership with
state and local governments, regional economic development districts, public
and private nonprofit organizations, and Indian tribes. EDA helps distressed
communities address problems associated with long-term economic distress, as
well as sudden and severe economic dislocations including recovering from
the economic impacts of natural disasters, the closure of military
installations and other Federal facilities, changing trade patterns, and the
depletion of natural resources.
Investment Programs
Public Works:
The Public Works Program empowers distressed communities to revitalize,
expand, and upgrade their physical infrastructure to attract new industry,
encourage business expansion, diversify local economies, and generate or
retain long-term, private sector jobs and investment.
Economic Adjustment Assistance Program:
The Economic Adjustment Program assists state and local interests to design
and implement strategies to adjust or bring about change to an economy. The
program focuses on areas that have experienced or are under threat of
serious structural damage to the underlying economic base.
Research and National Technical Assistance:
The Research and Technical Assistance Program supports research of leading
edge, world class economic development practices as well as funds
information dissemination efforts.
Local Technical Assistance:
The Technical Assistance Program helps fill the knowledge and information
gaps that may prevent leaders in the public and nonprofit sectors in
distressed areas from making optimal decisions on local economic development
issues.
Partnership Planning:
EDA’s Partnership Planning programs help support local organizations
(Economic Development Districts, Indian Tribes, and other eligible areas)
with their long-term planning efforts and their outreach to the economic
development community on EDA’s programs and policies.
University Center:
The University Center Program is a partnership of federal government and
academia that makes the varied and vast resources of universities available
to the economic development community.
Trade Adjustment Assistance:
EDA uses a national network of twelve Trade Adjustment Assistance Centers to
help manufacturers and producers affected by increased imports prepare and
implement strategies to guide their economic recovery.
EDA requires a Pre-Application and is used to make preliminary eligibility
and grant rate determination, and to evaluate the competitiveness of the
proposed project. The preapplication allows communities to obtain a
preliminary review by EDA before undertaking the development of full
application. Please contact us and we will be glad to assist you with the
application process.
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