Economic Development Administration

Economic Development Administration

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."

The International Economic Development Council, IEDC [] , based in Washington, D.C. has worked in close cooperation over the years with the EDA in order to carry out their economic development agenda.

IEDC is a non-profit membership organization dedicated to helping economic developers do their job more effectively so that they can build strong, sustainable communities through innovative strategies, tools, and techniques.

"Economic Development America" [] is a quarterly magazine established through a partnership among the EDA, IEDC, and the National Association of Regional Councils (NARC).

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