Executive Summary
This report from the Congressional Research Service details the Economic Development Administration's (EDA) recent appropriations and historical funding from FY2017 to FY2026. It covers annual and supplemental appropriations, highlighting funding for disaster recovery, COVID-19 relief, and specific initiatives like Tech Hubs and support for energy transition communities. The document also notes past proposals to eliminate the EDA and future funding requests.
Why It Matters
This document provides a detailed overview of U.S. federal economic development funding, which can indirectly impact national security by fostering economic stability in distressed regions and supporting critical technology development.
Key Takeaways
- The EDA received approximately $12.1 billion in total appropriations between FY2017 and FY2026, with a significant portion from supplemental acts for disaster and COVID-19 recovery.
- Congress has consistently directed EDA funding towards specific initiatives, including support for energy transition communities, indigenous communities, and persistent poverty areas.
- Despite consistent funding, the EDA has faced proposals for elimination in past budget requests, indicating ongoing debate about its role and necessity.
Strategic Relevance
Understanding the allocation of federal economic development funds is crucial for assessing national resilience, identifying areas of strategic investment in technology and infrastructure, and evaluating the government's capacity to respond to economic shocks.