Economic Development Administration
Learn more about the Economic Development Administration and how it promotes investment through the IIWG
As the only federal government agency focused exclusively on economic development, the Economic Development Administration (EDA) plays a critical role in fostering regional economic development efforts in communities across the nation. Through strategic investments that foster job creation and attract private investment, EDA supports development, particularly in economically distressed areas of the United States.Read More About EDA
Mission: To lead the federal economic development agenda by promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy.
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: the key to global competitiveness, new and better jobs, a resilient economy, and the attainment of national economic goals.
Regional collaboration: 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 their strengths to overcome weaknesses will fare better than those that do not.
Office of Innovation and Entrepreneurship
The Office of Innovation and Entrepreneurship (OIE) works to foster a more innovative U.S. economy focused on turning new ideas and inventions into products and technologies that spur job growth and competitiveness while promoting economic development.