News Listing

Building resilient regional economies requires specific strategies to incorporate equity, ensure effective governance, create competitiveness and secure commitments to action. To assist our Build Back Better Regional Challenge finalists as they continue to develop their strategies, EDA brought together world-class experts during a virtual conference that was held February 2-3, 2022.

EDA seeks additional applications for grants to support research of EDA’s American Rescue Plan, which aim to strengthen regional economies nationwide and support economic recovery from the coronavirus pandemic.

Due to the high volume of applications and interest EDA has received for its six American Rescue Plan programs, EDA would like to provide a status update on its $3 billion American Rescue Plan Programs. EDA strongly recommends any entities actively working on an application to contact their local Economic Development Representative (EDR) to discuss their region s availability of funds.

1. In April, EDA updated its investment priorities, which provide an overarching framework to ensure that its investment portfolio – ranging from planning to infrastructure construction - contributes to local efforts to build, improve, or better leverage economic assets that allow businesses to succeed and regional economies to prosper and become more resilient. Notably, ‘Equity’ was added to the top of EDA’s investment priority list. EDA is committed to working with populations and underserved communities that have been denied a full opportunity to participate in aspects of economic prosperity in the past.

On December 1, 2021, the Rural Community Assistance Partnership (RCAP) brought together more than 30 of the nation’s foremost leaders on rural economic development for a conversation on building a new vision of rural economic development.