Economic Development Administration

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Economic Development Administration

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EDA Mission

• To help our partners across the nation (states,
  regions, and communities) create wealth and
  minimize poverty by promoting a favorable
  business environment to attract private capital
  investment and jobs through world-class capacity
  building, planning, infrastructure, research
  grants and strategic initiatives.
• David A. Sampson
• Assistant Secretary for Economic Development

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Eligible EDA Applicants

• Economic Development Districts
• States
• City and Local Governments
• Indian Tribes
• Colleges and Universities
• Nonprofit Organizations

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EDA Invests in

• Capacity Building
• Planning,
• Infrastructure,
• Revolving Loan Funds, and
• Economic Development Research

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EDA Investments

• 1.The proposed investments are market-based.
• 2.The proposed investments are proactive in
  nature and scope.
• 3.The proposed investments look beyond the
  immediate economic horizon, anticipate economic
  changes, and diversify the local and regional
  economy.

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EDA Investments

• 4. The proposed investments maximize the
  attraction of private sector investment and would
  not otherwise come to fruition absent EDA's
  investment.

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EDA Investments

• 5.The proposed investments have a high
  probability of success.
• Level of local, state, and private matching
  funds.
• High degree of commitment of local political
  "capital" by elected officials.
• Commitment of human resources talent to project
  outcomes.

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EDA Investments

• 6.The proposed investments result in an
  environment where high skill, high wage jobs are
  created.
• 7.The proposed investments maximize Return on
  Taxpayer Investment.

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EDA Investments

• www.doc.gov/eda