ABSTRACT

Economic Development: Opportunities Exist for Further Collaboration Among EDA, HUD, and USDA, Report to Congressional Requesters   [open pdf - 3MB]

From the Government Accountability Office (GAO) Highlights: "States spend billions of dollars annually in business incentives to attract and retain individual businesses or industries. EDA [Economic Development Administration], HUD [Department of Housing and Urban Development], and USDA [U.S. Department of Agriculture] administer programs that support states' economic development goals and encourage strategic planning. In previous reports, we have identified concerns related to fragmentation in these agencies' efforts to collaborate on economic development programs with each other. GAO was asked to review issues related to these state and federal economic development efforts. This report examines the use of federal economic development programs to support state business incentives and how selected federal agencies collaborate on these programs, among other issues. GAO reviewed information on federal economic development programs and business incentives in four states (selected because the states offer incentives of $50 million or more and vary geographically). GAO interviewed federal and state agency officials and policy organizations."

Report Number:
GAO-21-579
Publisher:
Date:
2021-07
Copyright:
Public Domain
Retrieved From:
Government Accountability Office: http://www.gao.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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