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 February 2024)
23
Grants Awarded
$12.6M
Amount Awarded
1,118
Jobs Created or Saved
Featured Success Stories
April 9, 2024
With EDA Support, Maine’s Marine Industry Reaches New Depths
The seafood industry is often described as the lifeblood of Maine, providing food to customers the world over. Generations of fishermen have sailed its waters in search of lobsters, crabs, scallops, and a variety of other fish. In recent years, the cultivation of oysters, mussels, seaweed, and other species has added to their hauls. Seafood, along with forestry, agriculture, and outdoor recreation, is one of the iconic natural resource-based industries that dominate the economy in the Pine Tree State.
April 4, 2024
Multiple EDA Grants Transform Base Closure into Economic Opportunity in West Texas
The place-based investment is core to EDA’s mission, with our team working closely with local community leaders to ensure EDA’s grants support targeted economic development based on each community’s unique needs. It’s not a one-size-fits-all approach, which allows EDA’s grants to be flexible, dynamic, and meet the moment that’s called for in each community. In Lubbock, Texas, that has translated into multiple EDA investments, as leaders turn a painful Air Force Base closure into economic opportunity for the region.
March 14, 2024
With EDA Support, a North Carolina Brewery Serves New Opportunities for the Community
Reidsville is a small North Carolina community about twenty miles from Greensboro. Known as “Lucky City,” the residents have a simple motto: ‘live simply, think big.’
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.