To lead the federal economic development agenda by promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy.
The grant program outlined in the NOFO from the Economic Development Administration (EDA) supports two core economic development initiatives authorized under the Public Works and Economic Development Act of 1965: Public Works and Economic Development Facilities and Economic Adjustment Assistance. The program aims to foster general economic development while emphasizing projects that incorporate equity, workforce development, and climate change resiliency. This approach ensures investments benefit all community members and remain impact-focused for decades. Applications are accepted on an ongoing basis until conditions such as a new NOFO publication, cancellation, or exhaustion of funds occur.