On Aug 26, 2015, the U.S. Economic Development Administration will turn 50. Commerce and EDA officials are celebrating the agency’s 50th anniversary with shared messages and stories about EDA’s work and the impact it has had.
The Economic Development Administration was established under the Public Works and Economic Development Act of 1965, signed into law on August 26, 1965 by President Lyndon Johnson. After 50 years, the EDA still remains the sole federal government agency focused exclusively on economic development.
EDA has a critical role to play in fostering regional economic development efforts, and supports development in economically distressed areas of the United States through strategic investments that foster job creation and attract private investment.
Through six regional offices located in Atlanta, Austin, Chicago, Denver, Philadelphia and Seattle, the EDA works directly with local economic development officials to make grant investments for projects that align with local and sustainable, long-term economic development strategies.
EDA’s investment programs include Public Works, Economic Adjustment, Partnership Planning, Trade Adjustment Assistance, University Centers, Research and National Technical Assistance, and Local Technical Assistance.
Assistant Secretary of Commerce for Economic Development Jay Williams said in a message that “I am honored and privileged to serve as Assistant Secretary for this incredible agency and to shepherd EDA into its 50th year.”
“EDA has an incredible and storied history, but it’s got an even more promising future…With your continued support and partnership, I can say with certainty that there will be even more to celebrate over the next 50 years,” said Williams.
“For the past 50 years, EDA has opened the gates of opportunity by designing programs tailored to the unique needs and resources of individual communities…and 50 years later, EDA’s vital and essential work continues,” said Sec. Pritzker in the message.
“To everyone who works at EDA, thank you all for your commitment, your leadership, and your service. Congratulations on your 50th anniversary,” added Sec. Pritzker.
As part of the 50th anniversary celebrations, EDA is seeking stories, pictures, videos, and quotes from communities that have received EDA funding. You can likewise share the impact that the EDA’s investment has had or is having on your community by sending your stories to email@example.com.