Economic Development Administration

The U.S. Economic Development Administration (EDA) is an agency in the United States Department of Commerce that provides grants and technical assistance to economically distressed communities in order to generate new employment, help retain existing jobs and stimulate industrial and commercial growth through a variety of investment programs.[1]

U.S. Economic Development Administration
Agency overview
Formed1965
JurisdictionFederal government of the United States
HeadquartersHerbert C. Hoover Building
Washington, D.C.
Agency executive
  • Vacant (acting), Assistant Secretary of Commerce for Economic Development
Parent agencyDepartment of Commerce
Websitewww.eda.gov

History

In 1965, Congress passed the Public Works and Economic Development Act of 1965 (PWEDA) (42 U.S.C. § 3121), which authorized the creation of the Economic Development Administration (EDA) 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.

Mission and investment priorities

The EDA's 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."[2]

The EDA's investment policy is designed to establish a foundation for sustainable job growth and the building of durable regional economies throughout the United States. This foundation builds upon two key economic drivers - innovation and regional collaboration. Innovation is the key to global competitiveness, new and better jobs, a resilient economy, and the attainment of national economic goals. Regional collaboration is essential for economic recovery because regions are the centers of competition in the new global economy and those that work together to leverage resources and use strengths to overcome weaknesses will fare better than those that do not. EDA encourages its partners around the country to develop initiatives that advance new ideas and creative approaches to address rapidly evolving economic conditions.[2]

Role

The EDA is the only federal government agency solely focused on economic development. EDA works with communities across the country on regional economic development strategies to attract private investment and create jobs in economically distressed areas of the United States.

EDA's economic footprint is wide and its tool box is extensive—including technical assistance, post-disaster recovery assistance, trade adjustment support, strategic planning and research and evaluation capacity, thereby allowing the agency to offer the most effective investment to help communities succeed in the global economy.[2]

Multi-agency initiatives

EDA leads a host of multi-agency initiatives to advance intergovernmental and public-private partnerships across the nation. These initiatives include:[3]

  • Opportunity Zones[4]
  • Assistance to Coal Communities[5]
  • EDA Vista Corps[6]
  • Americas Competitiveness Exchange[7]

Organization

The EDA is led by an Assistant Secretary of Commerce for Economic Development, who is appointed by the President of the United States. The Assistant Secretary is assisted in running the Administration by two Deputy Assistant Secretaries and various other senior career federal employees, and has the following organizational structure:

  • Assistant Secretary of Commerce for Economic Development
    • Deputy Assistant Secretary of Commerce for Economic Development/Chief Operating Officer
    • Deputy Assistant Secretary of Commerce for Economic Development/Office of Regional Affairs
      • Office of External Affairs
      • Office of Information Technology
      • Office of Innovation and Entrepreneurship
      • Office of Finance and Management Services
    • Deputy Assistant Secretary of Commerce for Regional Affairs
      • Office of Regional Affairs
        • Atlanta Regional Office
        • Austin Regional Office
        • Chicago Regional Office
        • Denver Regional Office
        • Philadelphia Regional Office
        • Seattle Regional Office

Senior leadership
  • Dennis Alvord, Acting Assistant Secretary of Commerce for Economic Development
  • Dennis Alvord, Deputy Assistant Secretary of Commerce for Economic Development and COO[8]
  • Craig Buerstatte, Deputy Assistant Secretary for Regional Affairs
  • (Vacant), Chief of Staff[8]
  • Greg Brown, Chief Financial Officer & Chief Administrative Officer[8]
  • (Vacant), Director of the Office of External Affairs[8]
  • Jeff Roberson, Chief Counsel[8]
  • Bryan Borlik, Director of Performance and National Programs, Trade Adjustment Assistance[8]
  • Angela Ewell-Madison, Director of the Office of Legislative and Intergovernmental Affairs[8]
  • Ike Umunnah, Director of the Office of Public Affairs[8]
  • Emily Miller, Acting Director of the Office of Innovation and Entrepreneurship[8]

See also

References
  1. "Investment Programs". Economic Development Administration.
  2. "Mission". Economic Development Administration.
  3. "Multi-agency initiatives". Economic Development Administration.
  4. "Opportunity Zones". Economic Development Administration.
  5. "Assistance to Coal Communities". Economic Development Administration.
  6. "EDA Vista Corps". Economic Development Administration.
  7. "Americas Competitiveness Exchange". Economic Development Administration.
  8. www.eda.gov (seen 4 April 2020)
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