Accelerate place-based and innovation-driven economic development

Goal leaders

Alejandra Y. Castillo

Assistant Secretary of Commerce

Economic Development (DOC)

Dennis Alvord

Deputy Assistant Secretary

Economic Development and Chief Operating Officer (DOC)

To achieve

By September 30, 2025, Economic Development Administration (EDA) will equitably and inclusively accelerate high-growth industry clusters that are critical for U.S. global competitiveness. This will be achieved by supporting economic transformation of 21 U.S. regions awarded through the Build Back Better Regional Challenge and by designating at least 20 regional technology hubs (Tech Hubs).

Progress Updates

FY 2024 Q1