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 August 2023)
56
Grants Awarded
$22.2M
Amount Awarded
2,063
Jobs Created or Saved
(according to grantee estimates)
(according to grantee estimates)
Featured Success Stories
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.
September 19, 2023
Data Driven Investing in America: New Tools Help Advance Regionally Focused Economic Development in Washington State and Beyond
In 2018, Brookings reported: “A central development problem is that high-quality, timely, accessible data are absent in most poor countries, where development needs are greatest. In a world of unequal distributions of income and wealth across space, age and class, gender and ethnic pay gaps, and environmental risks, data that provide only national averages conceal more than they reveal.”
September 12, 2023
Texas Putting More Commercial Drivers on the Road Through EDA Support
Commercial drivers play a critical role in our nation’s economy. Those with a Commercial Driver’s License (CDL) operate the tractor-trailers, semi-trucks, and passenger buses that transport supplies, materials, products, and people across the country. Simply put, commercial drivers help America move forward.
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.