Economic Development Administration
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The Economic Development Administration (EDA) is an agency in the United States Department of Commerce that provides grants to economically-distressed communities to generate new employment, help retain existing jobs and stimulate industrial and commercial growth.
The EDA was established under the Public Works and Economic Development Act of 1965 to generate jobs, help retain existing jobs, and stimulate industrial and commercial growth in economically-troubled areas of the United States. EDA assistance is available to rural and urban areas of the United States experiencing high unemployment, low income, or other severe economic distress.
Its stated mission is to "lead the federal economic development agenda by promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy."
External link
- "[Economic Development Administration]." Accessed November 23, 2005.
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