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July 20, 2021

EDA Enlists ILSR and Recast City to Help Maximize Efficiency of Revolving Loan Funds

The 2020 CARES Act catalyzed a major expansion of the Economic Development Administration’s (EDA) successful Revolving Loan Fund (RLF) program. Prior to the onset of the pandemic, EDA’s RLF portfolio boasted a combined capital base of nearly $900 million. The infusion of CARES Act recovery assistance helped grow the portfolio to over $1.5 billion.
  • Blog
July 19, 2021

Tackling Persistent Poverty is Goal of New EDA-Economic Innovation Group Initiative

Breaking regional cycles of poverty is a challenge for both rural and urban communities throughout the United States. The structural forces that have kept persistently poor places in poverty are complex, interrelated, and together poorly understood. There is an urgent need to identify and assess the root causes of economic marginalization in these communities to create better policies to help overcome the cycles of persistent poverty.
  • Blog
July 16, 2021

EDA and the Center for Regional Economic Competitiveness Partner to Identify Best Practices in State-Regional Economic Development Coordination

Regional development organizations, such as EDA-designated Economic Development Districts (EDDs), have scored significant achievements in facilitating the recovery of their area economies in the aftermath of the COVID-19 pandemic. There remains, however, a disconnect between how regional and state economic developers align their strategies for economic growth to maximize impact.
  • Blog