ABSTRACT

Economic Development Administration: An Overview of Programs and Appropriations (FY2011-FY2021) [December 17, 2021]   [open pdf - 2MB]

From the Summary: "The Economic Development Administration (EDA), a bureau of the U.S. Department of Commerce (DOC), is the only federal agency with economic development as its sole mission. The agency was established pursuant to the enactment of the Public Works and Economic Development Act (PWEDA) of 1965 (42 U.S.C. §3121 et seq.) to assist state and local stakeholders with developing the conditions and amenities to grow businesses, create jobs, and expand investment in economically distressed areas. Changing industry dynamics, global competition, technological developments, and other events, conditions, and priorities have shifted EDA's programs and priorities over time. [...] Congress may wish to consider policies to change, expand, or focus the distribution of the agency's funding and related program requirements. Congress may also seek to adjust the overall role and authority of EDA and its programs in the context of changing economic conditions, specific industry trends, innovation, and disaster economic recovery and resiliency funding. Congress may consider the role of broad-based and/or targeted approaches to the allocation of economic development resources. For instance, Congress has approved appropriations to address coal-impacted and nuclear closure communities as well as demands for a STEM [Science Technology Engineering and Math]-capable workforce and innovation-ready regions. Congressional debate on these and other EDA issues may be associated with or separate from discussions of the reauthorization of PWEDA. PWEDA's statutory authority lapsed on September 30, 2008."

Report Number:
CRS Report for Congress, R46991
Author:
Publisher:
Date:
2021-12-17
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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