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LSDefine

Simple English definitions for legal terms

Economic Development Administration

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A quick definition of Economic Development Administration:

Economic Development Administration: A part of the U.S. Department of Commerce that helps to improve the economy in struggling areas by giving money for projects that create jobs and improve public facilities. It was created in 1965 to reduce unemployment in areas that are having a hard time economically.

A more thorough explanation:

The Economic Development Administration (EDA) is a unit within the U.S. Department of Commerce that helps to develop local economies and distressed areas. Its main goal is to reduce persistent unemployment in economically distressed areas by making grants for public works and development facilities.

The EDA was created in 1965 by the Public Works and Economic Development Act. Since then, it has provided funding for a variety of projects, including:

  • Infrastructure improvements, such as roads, bridges, and water systems
  • Business incubators and innovation centers
  • Community facilities, such as hospitals and community centers
  • Workforce development programs

For example, the EDA might provide funding for a new business incubator in a struggling community. This incubator would provide resources and support for entrepreneurs, helping to create new businesses and jobs in the area. By investing in projects like this, the EDA aims to stimulate economic growth and improve the quality of life for residents in distressed areas.

economic-cure trade embargo | economic discrimination

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JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
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