Economic Development Administration

Economic Development Administration

The Economic Development Administration grants and loans to State and local governments, nonprofit groups and regions, institutions, economic disadvantage. The Agency spends around $ 352 million in FY 2009. This consumes approximately 319 million dollars in grants and loans and spend some 33 million dollars for the European Defence Agency and other administrative expenses of the employees ' salaries. The Agency has six regional offices throughout the country.

ED can be a series of programmes

• The Ministry of public works and a local subsidy ", or long term private sector employment and investment, private equity support and promote regional competitiveness."
• Economic adjustment assistance "communities experiencing economic depression is bad".
• Technical assistance is the "non- Economic Development Administration and unemployment, and to soothe the depressed zones migration" on the financing for research.
• Designed for organizations with financial planning. For example, the overall economic development strategies for development.
• Centers help marketing stages, so that companies to finance regional 11 "had a negative impact on the growth of imports."

These programs are the growth areas of the crisis? Decades of experience indicate that the group does not exist, and the Agency's investigations, the Board is skeptical about claims that Ed, success, such as the following. The idea of a federal funding to improve local economic growth may be completely wrong. Areas, to become dependent on State subsidies to lose its edge in production and decreased, it may be the same as the person's tendency to polkenut welfare.

Multiple courses, the main program, the Government should subsidize the EDA-Member-poor, the homeless, for example, why is the Government trying to stop the outflow of benefits, "immigration as a solution to effectively. The family is growing faster and with better career migration is not a market failure, but an important source of strength for the US Economic Development Administration.

Finally, destroyed the hopes of the Government of 1960, and the design community to use the program to support the idea of experiment for four decades. Been registered political leaders in Washington since 1960, the Centre and the European Defence Agency, not bad for a rule exception filter. State and local governance programmes and other interested often do European Defense Agency and foreign policy in murid bridge cleared the Economic Development Administration crisis.
The origin and evolution

The precursor of the administration of Economic Development Administration in the direction of the conversion of the region (ARA), created by Congress in 1961. ARA was formed after six years of efforts legislative Senator Paul Douglas (D – it) and others, who wanted to revive the "chronically depressed areas" in the country.

President Franklin Roosevelt new deal intervention the valves had a discussion, build local relationships.  Despite a modest program President Dwight d. Eisenhower refused for legislation, call twice.

Senator Barry Goldwater (r-az) were tighter control over. He saw depressed areas "is not required for the American company, very common economic cycle and Government intervention." according to the Federal development programme, as the very concept of Goldwater "an occupation of unfair private rights". Goldwater is as the reason for the Government of Economic Development Administration recession, not the solution. He feared that the Federal Republic of intervention programs, such as "out of our free enterprise system, instead of the famous phantom superstate".