EDA Program List
American Rescue Plan
Six programs invested the $3 billion EDA received from the American Rescue Plan. The programs assist communities in their efforts to rebuild from the economic impacts of the pandemic by building local economies that will be resilient to future economic shocks. EDA made a Coal Communities Commitment, and allocated $300 million of this funding to ensure support for coal communities.
Assistance to Coal Communities (ACC)
EDA designates a portion of its Economic Adjustment Assistance funding to support communities and regions that have been negatively impacted by changes in the coal economy.
Build to Scale (B2S)
The Build to Scale (B2S) Program builds regional economies through scalable startups and includes three competitions supporting entrepreneurship, acceleration of company growth, and increased access to risk capital across regional economies.
Coronavirus Aid, Relief, and Economic Security (CARES) Act
The Coronavirus Aid, Relief, and Economic Security (CARES) Act provided EDA with $1.5 billion for economic development assistance programs to help communities prevent, prepare for, and respond to coronavirus.
Economic Adjustment Assistance
Assists state and local interests in designing and implementing strategies to adjust or bring about change to an economy. The program focuses on areas that have experienced or are under threat of serious structural damage to the underlying economic base. Under Economic Adjustment, EDA administers its Revolving Loan Fund (RLF) Program, which supplies small businesses and entrepreneurs with the gap financing needed to start or expand their business.
Good Jobs Challenge
The Good Jobs Challenge is a workforce program that aims to accelerate local economic growth and rebuild regional economies so they are more resilient to future challenges, while placing American workers into jobs.
Local Technical Assistance
Helps fill the knowledge and information gaps that may prevent leaders in the public and nonprofit sectors in distressed areas from making optimal decisions on local economic development issues.
Planning
Supports local organizations (Economic Development Districts, Indian Tribes, and other eligible areas) with short and long-term planning efforts. The Comprehensive Economic Development Strategy (CEDS) Content Guidelines, provides suggestions, tools, and resources for developing comprehensive economic development strategies
Public Works
Empowers distressed communities to revitalize, expand, and upgrade their physical infrastructure to attract new industry, encourage business expansion, differentiating local economies, and generate or retain long-term, private sector jobs and investment.
Recompete Pilot Program
Provides flexible grant investments to alleviate persistent economic distress and support long-term, comprehensive economic development and job creation. The program targets areas where prime-age (2554 years) employment significantly trails the national average.
Regional Technology and Innovation Hubs (Tech Hubs)
Aims to strengthen U.S. economic and national security by investing directly into regions with the assets, resources, capacity and potential to become globally competitive innovation centers within approximately 10 years, while catalyzing the creation of jobs at all skill levels. The program mobilizes cross-sector, multijurisdictional consortia to participate in the development of a critical technology ecosystem.
Research and National Technical Assistance (RNTA)
The RNTA program funds research, evaluation, and national technical assistance projects that promote competitiveness and innovation in distressed rural and urban regions throughout the United States and its territories.
Revolving Loan Fund (RLF)
EDA provides Economic Adjustment Assistance grants to eligible recipients to capitalize or recapitalize lending programs that service businesses that cannot otherwise obtain traditional bank financing (and in limited situations to governmental entities for public infrastructure). These loans provide access to capital as gap financing to enable small businesses to grow and generate new employment opportunities with competitive wages and benefits.
STEM Talent Challenge
The U.S Economic Development Administration’s STEM Talent Challenge aims to build STEM talent training systems to strengthen regional innovation economies.
Trade Adjustment Assistance for Firms
A national network of 11 Trade Adjustment Assistance Centers to help strengthen the competitiveness of American companies that have lost domestic sales and employment because of increased imports of similar goods and services.
University Centers
A partnership between the federal government and academia that makes the varied and vast resources of universities available to the economic development community.
Environmental Narrative and Applicant Certification Clause
Environmental Narrative and Applicant Certification Clause (DOCX)