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.
This brief was revised on October 29, 2021, to add an author, Tanay Nunna, and to correct the titles of three other authors. Daniel Teles is a senior research associate, Christina Stacy is a principal research associate, and Christopher Davis is a data scientist.