Washington, D.C. – Oregon’s U.S. Senator Jeff Merkley teamed up with U.S. Senator James Inhofe (R-OK) today to lead a bipartisan group of 39 senators in urging the Appropriations subcommittee with jurisdiction over the Economic Development Administration (EDA) to include robust funding for the EDA in fiscal year 2022 appropriations legislation.
The EDA is designed to create jobs and stimulate the economy in areas of the country that need the most help—both rural and urban—and has played an integral role so far in America’s recovery from the economic fallout of the pandemic.
“With a modest budget, EDA programs have developed a record of making strategic investments and building community and regional partnerships to expand business in areas such as advanced manufacturing, science, health care, and technology. Between FY12 and FY19, EDA has invested over $2.283 billion in 5,471 projects to help build the capacity for locally-driven economic development projects. These projects are expected to create and/or retain 335,620 jobs and attract over $47.1 billion in private investment,” the lawmakers wrote.
“Many communities, especially those in rural areas, have benefited from EDA grants to support the job skills training, technical assistance, and infrastructure improvements needed to attract new businesses and ensure existing businesses have the opportunity to adapt to changing market circumstances. EDA has invested nearly 60 percent of its funds in rural areas since FY12, which has leveraged over $13.7 billion in private investment in these communities,” the senators continued.
In addition to Merkley and Inhofe, the letter was signed by U.S. Senators Tammy Baldwin (D-WI), Michael Bennet (D-CO), Cory Booker (D-NJ), Richard Blumenthal (D-CT), Sherrod Brown (D-OH), Maria Cantwell (D-WA), Ben Cardin (D-MD), Tom Carper (D-DE), Robert Casey (D-PA), Chris Coons (D-DE), Catherine Cortez Masto (D-NV), Mike Crapo (R-ID), Tammy Duckworth (D-WI), Richard Durbin (D-IL), Dianne Feinstein (D-CA), Kirsten Gillibrand (D-NY), Maggie Hassan (D-NH), Mazie Hirono (D-HI), Tim Kaine (D-VA), Mark Kelly (D-AZ), Angus King (I-ME), Amy Klobuchar (D-MN), Joe Manchin (D-WV), Edward J. Markey (D-MA), Robert Menendez (D-NJ), Alex Padilla (D-CA), Gary Peters (D-MI), Jack Reed (D-RI), James Risch (R-ID), Jacky Rosen (D-NV), Mike Rounds (R-SD), Tina Smith (D-MN), Debbie Stabenow (D-MI), Jon Tester (D-MT), Mark Warner (D-VA), Raphael Warnock (D-GA), Elizabeth Warren (D-MA), Sheldon Whitehouse (D-RI), and Ron Wyden (D-OR).
Full text of the letter is available here and follows below.
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Dear Chair Shaheen and Ranking Member Moran,
As you begin work preparing the Fiscal Year (FY) 2022 Commerce, Justice, Science, and Related Agencies Appropriations Act, we urge you to include robust funding for the Economic Development Administration (EDA) and its vital grant programs.
Since 1965, EDA has helped local and regional stakeholders address the economic and infrastructure needs of communities across the country, focusing on private-sector job creation and economic growth in distressed areas.
With a modest budget, EDA programs have developed a record of making strategic investments and building community and regional partnerships to expand business in areas such as advanced manufacturing, science, health care, and technology. Between FY12 and FY19, EDA has invested over $2.283 billion in 5,471 projects to help build the capacity for locally-driven economic development projects. These projects are expected to create and/or retain 335,620 jobs and attract over $47.1 billion in private investment.
Many communities, especially those in rural areas, have benefited from EDA grants to support the job skills training, technical assistance, and infrastructure improvements needed to attract new businesses and ensure existing businesses have the opportunity to adapt to changing market circumstances. EDA has invested nearly 60 percent of its funds in rural areas since FY12, which has leveraged over $13.7 billion in private investment in these communities.
EDA is useful in supporting job creation and innovation, particularly in distressed and disadvantaged communities. This aligns with the Administration’s goals of building back stronger, more resilient economies. The agency is also a great tool that helps small businesses recover and communities rebuild critical infrastructure and economic development assets following natural disasters or public health emergencies.
As Congress has done in past fiscal years, we encourage you to include robust funding for the Economic Development Administration and its grant programs in the FY22 Commerce, Justice, Science, and Related Agencies Appropriations Act. We look forward to working with you to ensure the success of the EDA, which has an exceptional record of supporting local communities across the nation to cost-effectively promote economic development.
Sincerely,
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