Economic Development Administration

The Economic Development Administration (EDA) is a U.S. federal agency focused on promoting economic growth in distressed communities. It provides financial assistance, grants, and resources to support projects that create jobs, improve infrastructure, and stimulate local economies. The EDA collaborates with state and local governments, as well as organizations, to address economic challenges and encourage investment. Its goal is to enhance competitiveness and innovation, ensuring that communities can thrive even in the face of adversity. By fostering sustainable economic development, the EDA aims to help improve the quality of life for residents in struggling areas.