A bureau within the U.S. Department of Commerce
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SC2 Visioning Challenge spurs innovative thinking to help transform the city of Las Vegas [Read More]

Assistant Secretary Jay Williams visited Rutgers University on 5/22 to announce the 12 recipients of the 2014 Science and Research Park Development Grants, part of the Regional Innovation Strategies program [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]

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.