ABSTRACT

Federal Resources for State and Local Economic Development [February 12, 2021]   [open pdf - 2MB]

From the Introduction: "Congress currently supports funding for over 130 programs to meet varied economic development challenges and conditions, create opportunities for economic growth and job creation, and assist a range of economic sectors, geographic regions and localities, and demographic groups. These programs are administered by multiple federal departments and independent federal agencies--typically in partnership with state and local stakeholders--and oversight of them is assigned to multiple congressional committees. Many current federal programs support infrastructure, workforce development, and business assistance activities. Others fund planning, technical assistance, economic adjustment assistance, disaster recovery, entrepreneurship, the development of scientific research capabilities, and other activities. [...] This report provides a broad overview of available resources and potential metrics that Congress can use to compare various programs. Following a brief, abbreviated history of economic development policy, this report discusses the characteristics of major federal programs and services that assist with state and local activities. This report concludes with considerations for policymakers."

Report Number:
CRS Report for Congress, R46683
Author:
Publisher:
Date:
2021-02-12
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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