Economic Development Administration
The Economic Development Administration (EDA) is a U.S. government agency that aims to promote economic growth in distressed communities. It provides funding and support for projects that create jobs, enhance infrastructure, and stimulate local economies. The EDA focuses on areas with high unemployment and low income, helping them to develop sustainable economic strategies.
Through various programs, the EDA collaborates with state and local governments, non-profits, and private sector partners. It offers grants, technical assistance, and resources to foster innovation and entrepreneurship. By investing in community development, the EDA seeks to improve the overall quality of life for residents in economically challenged regions.