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Third Americas Competitiveness Exchange Brings Nearly 50 Senior Officials from Across the Western Hemisphere to Tour Midwestern Centers of Innovation to Support Competitiveness [Read More] [See Photos]

$3 million EDA investment helps expand the world-class Youngstown Business Incubator in Ohio [Read More]

Assistant Secretary Williams Joins Rhode Island Congressional Delegation on Tour of State [Read More]

Senior Administration Officials and Kentucky Governor Steve Beshear Announce the Partnerships for Opportunity and Workforce and Economic Revitalization (POWER) Initiative [Read More]

Assistant Secretary Williams meets with representatives for the Kentucky teams that will participate in the first Coal-reliant Communities Innovation Challenge Workshop! [Learn More]

Assistant Secretary Jay Williams formally announces a $2.5 million EDA investment to support the expansion of the HOPE Inside Small Business Empowerment Initiative at the Hope Global Summit in Atlanta. [Learn More]

What is Economic Development?

Economic Development creates the conditions for economic growth and improved quality of life by expanding the capacity of individuals, firms, and communities to maximize the use of their talents and skills to support innovation, lower transaction costs, and responsibly produce and trade valuable goods and services.

Economic Development requires effective, collaborative institutions focused on advancing mutual gain for the public and the private sector. Economic Development is essential to ensuring our economic future.