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Economic Development_Technical Assistance

Published on AidPage by IDILOGIC on Jun 24, 2005

Purpose of this program:

EDA oversees three technical assistance programs (National, Local and University Center) that promote economic development and alleviate under-employment and unemployment in distressed areas. The program provides funds to: (1) establish and operated University Centers which enlist the resources of their sponsoring institutions of higher education in promoting economic development; (2) support innovative economic development projects; (3) disseminate information and studies of economic development issues of national significance; and (4) finance feasibility studies and other projects leading to local economic development. Aids the long-range economic development of areas with severe unemployment and low family income problems; aids in the development of public facilities and private enterprise to help create new, permanent jobs.