Impact Overview
We improve the livelihoods of Americans by strengthening communities and driving innovation through locally-driven economic development.
EDA's Impact
Impact that starts locally and spans nationally (Data for November 2023)
62
Grants Awarded
$57.4M
Amount Awarded
38
States and Territories
Featured Success Stories
November 14, 2023
EDA Puts Former Kentucky Coal and Timber Community on the Right Track for Tourism
Stearns, Kentucky is rich in Appalachian history and culture, founded in 1902 by the Stearns Coal and Lumber Company. Centrally located within the state, adjacent to both the Daniel Boone National Forest and the Big South Fork National River and Recreation Area, Stearns was a ‘company town’ for decades serving as a major player in the mining and logging industries. More than 2,000 people lived and worked throughout 18 coal camps.
October 18, 2023
EDA-Funded Automotive Training Facility Revs Up the Alabama Economy
Decatur, Alabama, is a small community just outside of Huntsville, a city that has been experiencing steady growth over the last few decades. As the population grows, so too does the vast number of businesses to serve their needs. Now Decatur is home to more than two dozen automotive dealerships.
September 21, 2023
EDA Powered Capital is Helping Delaware and Pennsylvania Surge Business Growth
For more than thirty years, True Access Capital (TAC) has been empowering small business owners and entrepreneurs in Delaware and Pennsylvania, providing them with startup capital. Since opening its doors in 1991, TAC has provided nearly $50 million in funding to more than 1,400 organizations, allowing them to, in turn, open for business as well.
Explore Our Impact
Historic Impact
The Urban Institute, a nonprofit research organization, received an EDA grant on October 1, 2018. This research, funded in FY2019 and running through FY2023, examined EDA’s funding allocations and grantmaking programs, the agency’s history and goals, the attributes of communities receiving EDA investments, and the extent to which EDA investments spur local economic growth.
Annual Reports
EDA’s Annual Reports are designed to be a web-based resource. An interactive map allows readers to quickly retrieve the FY 2020 summary and case studies of investments in any given state or territory. With just one click, communities can see the projects EDA has undertaken with local partners in their region and around the country.
Performance
EDA collects and reports on performance measures in compliance with Government Performance and Results Act of 1993 that, as amended by the GPRA Modernization Act of 2010, establishes requirements for all agencies to collect, analyze, and report on their performance. EDA’s performance goals and specific performance metrics are tied to the U.S. Department of Commerce’s performance management structure, and performance targets are tied to EDA’s annual budget request and appropriations.