The U. S. Economic Development Administration (EDA) is a federal government agency that is dedicated to promoting innovation and competitiveness in the American regions.

Their mission is to lead the federal economic development agenda by preparing regions for growth and success in the worldwide economy. The EDA focuses on two key economic drivers: innovation and regional collaboration. They encourage their partners nationwide to develop initiatives that advance new ideas and creative approaches to address evolving economic conditions.

As the only federal agency focused exclusively on economic development, the EDA plays a critical role in facilitating regional economic development efforts in communities across the nation. They work directly with communities and regions to help them build capacity for economic development based on local business conditions and needs. Through their grant investments, they support the implementation of economic development strategies that make it easier for businesses to start and grow.

With their flexible programs and structure, the EDA enables nimble operations and fosters innovation and responsiveness. They provide economic development financial assistance to communities, allowing them to encourage innovation and entrepreneurship in a way that suits them best. Additionally, the EDA integrates economic development resources from all sources to achieve better outcomes for communities across America.

The agency serves its customers through six regional offices, which provide support and assistance to states and localities. Through their efforts, the EDA aims to empower communities experiencing economic distress and position them for economic prosperity and resiliency