Economic Development Administration

Economic Development Administration

The Ministry of economic development grants and loans to State and local governments, nonprofit groups and regions, institutions and economic hardship. The Agency is spending about $ 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 costs of employee salaries. The Agency has six regional offices throughout the country.

ED can be a number of schemas

* The Ministry of public works and domestic subsidies ", or long in private sector employment, investment, private capital to support and strengthen regional competitiveness."
* Economic adjustment assistance "Communities experiencing economic depression is bad".
* Technical assistance is "non-economic development management and unemployment and to ease the migration from depressed areas" of research funding.
Designed for financial planning. For example, strategies for overall economic development.
* Stages of the marketing of the centres, so that regional financial companies 11 "had a negative impact on the growth of imports."

These programmes in the areas of growth crisis? Decades of experience indicate that the group does not exist, and the Agency's investigations, the Show claims is skeptical, Ed, success, such as the following. The idea to promote, improve the local economic growth may be incorrect. Lose, State aid, the edge in production and the drop may be the same person is dependent on the trend of Polkenut well-being.

More courses, the main program, the Government should subsidize the EDA-member of the homeless, the poor, 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 United States economic development administration.

Finally, in 1960, with the support of the Government and the community design-the idea to use the application experiment of forty does not exist. Since the 1960s, the political leaders of the city centre and the European registered Washington forsvarsbyrå of the provision is not bad for a filter. State and local government programs, and other interest rates is usually the European Defence Agency and the economic development administration's foreign policy crisis murid bridge cleared.
The origins and evolution

The precursor of the Administration's management of economic development in the direction of the conversion of the regions (ARA), created by Congress in 1961. The ARA was formed after six years of legislative effort Senator Paul Douglas (D) and the other, who wanted to revive the "chronically depressed areas" in the country.

The New deal of President Franklin Roosevelt in local building links debate fuses.  Despite a modest program of President Dwight d. Eisenhower refused, calling the legislation twice.

Senator Barry Goldwater (r-az) tighter control over it. He sees the distressed areas "no need for us, the general economic cycles and Government intervention.  "in accordance with the programme of the Federal development of the concept of unjust occupation Goldwater" personal rights ". Goldwater is the reason for the recession to economic development of the Government, not the solution. He feared that the programs of the Federal Republic of intervention as "our free enterprise system, not a superstate famous ghost".