|
Economic Development Administration |
|
| |
| MISSION: |
| |
Economic Development Administration's (EDA) mission is to lead the federal economic development agenda by promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy. |
| FOCUS: |
| |
Sound research-based, market-driven economic development policy is the foundation for effective and efficient economic development program implementation. As an economic development organization with limited resources, EDA has established supplementary Investment Policy Guidelines that focus on results. Need, or economic distress, qualifies a community for consideration for EDA investment assistance. But as the need for assistance vastly outstrips resources, EDA will apply these guidelines to enable investment decisions that will generate lasting, long-term economic growth. |
| INVESTMENT POLICY GUIDELINES: |
| |
- Be market-based and results-driven. An investment will capitalize on a region's competitive strengths and will positively move a regional economic indicator measured on EDA's Balanced Scorecard, such as: increased number of higher-skill, higher-wage jobs; increased tax revenue; or increased private-sector investment.
- Have strong organizational leadership. An investment will have strong leadership, relevant project management experience and a significant commitment of human-resources talent to ensure a project's successful execution.
- Advance productivity, innovation and entrepreneurship. An investment will embrace the principles of entrepreneurship, enhance regional clusters and leverage and link technology innovators and local universities to the private sector to create the conditions for greater productivity, innovation and job creation.
- Look beyond the immediate economic horizon, anticipate economic changes and diversify the local and regional economy. An investment will be part of an overarching, long-term comprehensive economic development strategy that enhances a region's success in achieving a rising standard of living by supporting existing industry clusters, developing emerging new clusters or attracting new regional economic drivers.
- Demonstrate a high degree of commitment by exhibiting:
- High levels of local-government or nonprofit matching funds and private-sector leverage.
- Clear and unified leadership and support by local elected officials.
- Strong cooperation between the business sector, relevant regional partners, and local, state and federal governments.
|
| SPONSORING/FUNDING AGENT: |
| |
US Government (Department of Commerce). |
| CONTACT: |
| |
John Rogers, Economic Development Representative
301 South Park Avenue, Room 196
PO Box 578
Helena, MT 59624
406-449-5380
Fax: 406-449-5380
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
www.eda.gov
|
|
|
Last Updated ( Tuesday, September 25, 2007 )
|
