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 announced by EDA under the Planning and Local Technical Assistance programs aims to support regional economic development planning and capacity building to foster the economic prosperity and resiliency of various areas or regions. It specifically focuses on assisting eligible recipients in developing Comprehensive Economic Development Strategies (CEDS) through Partnership Planning grants and also aims at cultivating economic development through projects like feasibility analyses and impact studies through the Local Technical Assistance program. The grant supports sectors such as District Organizations, Indian Tribes, and institutions of higher education, focusing on the creation and retention of high-quality jobs, especially in economically distressed regions.