|Program||# of Grants||EDA Funds|
|Economic Adjustment Assistance||1||$190,000|
During Fiscal Year 2013, EDA invested $190,000 in the Territory of Guam. EDA’s investment helps Guam communities achieve bottom-up, locally-defined economic development goals and strategies.
EDA offers a complementary, balanced portfolio of grant programs designed to help rural and urban communities grow their private sectors and create jobs.
Investment Spotlight: Enterprise Initiative
The identification of assets and challenges are an essential element in economic development planning. A tropical paradise in the remote western Pacific, Guam must use its unique history, culture, and traditional cuisine as essential elements in its array of assets. In 2013, the University of Guam began an assessment of the region’s tourism and visitor industry strengths to develop strategies to make Guam and the western Pacific region more competitive in the global market.
The University will also seek additional ways to enhance collaboration between the American western Pacific jurisdictions and assess similarities with their comprehensive economic development strategies that will spur innovation, entrepreneurship and job creation.