Economic Development Recovery and Resiliency Playbook - Flipbook - Page 6
About the U.S. Economic Development Administration
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by
promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy.
EDA’s investment policy is designed to establish a foundation for sustainable job growth and the building of durable regional
economies throughout the United States. This foundation builds upon two key economic drivers — innovation and regional
collaboration. Innovation is key to global competitiveness, new and better jobs, a resilient economy, and the attainment
of national economic goals. Regional collaboration is essential for economic recovery because regions are the centers of
competition in the new global economy and those that work together to leverage resources and use their strengths to overcome
weaknesses will fare better than those that do not. EDA encourages its partners around the country to develop initiatives that
advance new ideas and creative approaches to address rapidly evolving economic conditions.
Guided by the basic principle that sustainable economic development should be locally driven, EDA works directly with
communities and regions to help them build the capacity for economic development based on local business conditions and
needs. EDA’s grant investments in planning, technical assistance, and infrastructure construction are designed to leverage
existing regional assets to support the implementation of economic development strategies that make it easier for businesses to
start and grow, as well as to grow sustainable local economies.
As the only federal government agency focused exclusively on economic development, EDA plays a critical role in facilitating
regional economic development eforts in communities across the nation. It is with this in mind that EDA is pleased to partner to
produce this Economic Development Recovery and Resiliency Playbook.
“I congratulate CALED on the publication of the Economic Development Recovery and Resiliency
Playbook. The Playbook is a timely resource that will enhance the ability of governments and
organizations throughout the Golden State to prepare for and respond to situations that challenge
our shared vision of American prosperity.”
Alejandra Y. Castillo
U.S. Assistant Secretary of Commerce for Economic Development
“The U.S. Economic Development Administration has a long history of successfully supporting
recovery and resiliency eforts through the facilitation of economic development assistance. As our
nation’s largest economy, the success of California is inseparably entangled with the success of the
United States. We’re proud to support CALED in the publication of the Economic Development Recovery
and Resiliency Playbook.”
Director, EDA Seattle Regional Ofice