To lead the federal economic development agenda by promoting
innovation and competitiveness, preparing American regions for growth
and success in the worldwide economy.
The U.S. Economic Development Administration's investment policy
is designed to establish a foundation for sustainable job growth and
the building of durable regional economies throughout the United States.
This foundation builds upon two key economic drivers - innovation and
regional collaboration. Innovation is key to global competitiveness, new
and better jobs, a resilient economy, and the attainment of national
economic goals. Regional collaboration is essential for economic
recovery because regions are the centers of competition in the new
global economy and those that work together to leverage resources and
use their strengths to overcome weaknesses will fare better than those
that do not. EDA encourages its partners around the country to develop
initiatives that advance new ideas and creative approaches to address
rapidly evolving economic conditions.