The US Economic Development Administration (EDA) promotes economic growth, innovation, and competitiveness among regional markets in the US. Through eight programs, EDA funds planning grants, technical assistance, large-scale construction projects, revolving small-business loan funds, and various other economic development activities. This brief analyzes EDA data from 2010 to 2019 to paint a broad picture of the agency’s programs and grantmaking activities. During this period, EDA invested an average of $361 million a year across its programs. Physical construction projects accounted for about one in five grants but more than two-thirds of funding. EDA provided 50 percent of the funding for construction projects and 60 percent of the funding for nonconstruction projects.
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