Economic Development Administration
Economic Development Administration
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| Economic Development Administration | |
|---|---|
 |
|
| Agency overview | |
| Formed | 1965 |
| Jurisdiction | Federal government of the United States |
| Headquarters | Washington, D.C. |
| Agency executive | John Fernandez, Assistant Secretary |
| Parent agency | Department of Commerce |
| Website | |
| www.eda.gov | |
The Economic Development Administration (EDA) is an agency in the United States Department of Commerce that provides grants to economically-distressed communities to generate new employment, help retain existing jobs and stimulate industrial and commercial growth.
Contents[hide] |
[edit] History
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.
[edit] Mission and Investment Priorities
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."
The U.S. Economic Development Administration’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.
[edit] Senior Leadership
John Fernandez, Assistant Secretary of Commerce for Economic Development
Brian McGowan, Deputy Assistant Secretary for Economic Development
Kristine Lee Leiphart, Deputy Assistant Secretary for Regional Affairs
Sean Cartwright, Chief of Staff
Angela Belden Martinez, Senior Advisor and Director of Outreach
Barry E. A. Johnson, Senior Advisor and Director of Strategic Initiatives
Dennis Alvord, Senior Advisor to the Assistant Secretary
Barry Bird, Chief Counsel
Bryan Borlik, Director, Trade Adjustment Assistance for Firms
Angela Ewell-Madison, Director, Legislative and Intergovernmental Affairs
Cleve Mesidor, Director, Public Affairs
[edit] See Also
- Federal Trade Commission
- United States Commercial Service
- United States Chamber of Commerce
- Small Business Administration
[edit] External links
- "Economic Development Administration". http://www.eda.gov/. Retrieved 2005-11-23.
