"The Economic Development Administration (EDA) was created pursuant to the enactment of the Public Works and Economic Development Act of 1965, with the objective of fostering growth in economically distressed areas characterized by high levels of unemployment and low per-capita income levels. EDA, an agency within the Department of Commerce, is the primary federal agency charged with implementing and coordinating federal economic development policy. For FY2016, the Obama Administration requested significant increases in funding for EDA activities and salaries and expenses. Under the Administration's proposal, EDA funding would have increased by 9.2%, from $250 million to $273 million over the last fiscal year, including significant increases in funding for the following: Salaries and expenses, from $37 million to $45.5 million; Regional Innovation Program grants, from $10 million to $25 million; Economic Adjustment Assistance, from $45 million to $53 million; and Planning Grants, from $30 million to $39.5 million."
CRS Report for Congress, R44112
Federation of American Scientists: http://www.fas.org/sgp/crs/index.html