ABSTRACT

Economic Development Administration: An Overview of Programs and Appropriations (FY2011-FY2022) [Updated June 1, 2022]   [open pdf - 2MB]

From the Summary: "Today, EDA [Economic Development Administration] administers nine core programs that fund a range of construction and non-construction activities in both urban and rural areas--primarily through competitive processes that solicit community-directed proposals aligned with the agency's investment priorities. EDA administers both flexible and targeted programs focused on innovation, technical assistance, and support for long-term, regional economic development planning. [...] Congress approves annual appropriations for EDA programs as well as administration expenses, and occasionally approves supplemental appropriations for economic recovery purposes. Since FY2011, annual appropriations average approximately $288 million. Annual appropriations decreased each year between FY2011 and FY2013, and have increased slightly each year since FY2014. In FY2022, Congress approved $373.5 million in annual appropriations for the agency's programs and administration. In FY2020 and FY2021, Congress also provided a total of $4.5 billion in supplemental appropriations for EDA programs in response to the economic impact of the Coronavirus Disease 2019 (COVID-19) pandemic. For FY2023, the Biden Administration requested funding increases for several EDA programs and for salaries and expenses."

Report Number:
CRS Report for Congress, R46991
Author:
Publisher:
Date:
2022-06-01
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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