Economic Development Administration
The Economic Development Administration (EDA) was established under the Public Works and Economic Development Act of 1965 (42 U.S.C. 3121), as amended, to generate jobs, help retain existing jobs, and stimulate industrial and commercial growth in economically distressed areas of the United States.
EDA assistance is available to rural and urban areas of the Nation experiencing high unemployment, low income, or other severe economic distress.
Tri County Council for Western Maryland serves as an Economic Development District for EDA, which provides local governments and certain other educational institutions and non-profits the opportunity to apply for EDA funding. As the Economic Development District, TCCWMD is responsible to create and annually update a Comprehensive Economic Development Strategy (CEDS). This investment in strategic planning helps local communities plan for new technologies, job creation opportunities, and economic development, in the face of the challenges in the region.
Any project submitted to EDA must be in alignment with the CEDS document or other approved regional plan, to ensure that the project is a local priority before receiving federal funding. If your organization is interested in pursuing EDA funding, we encourage you to reach out to us, as we can schedule a meeting with EDA to vet your project eligibility, and we are here to assist you with the application process.
EDA’s mission is to lead the federal economic development agenda by promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy. There are currently several different programs under EDA, with the Assistance to Coal Communities funding set up to assist communities negatively impacted by the closure of coal fired power plants and coal mines. This is an ideal opportunity for Western Maryland, particularly Allegany and Garrett Counties.
Let’s connect and talk more about your project and EDA funding.
Comprehensive Economic Development Strategy (CEDS)
EDA Funding Opportunities
“Securing a loan through Tri County Council gave me the chance to make a transformative investment in my business: the purchase of a RAM press. This piece of equipment, far beyond what I could have afforded on my own, is opening the door for me to produce handmade dinnerware at a sustainable scale. Because of Tri County Council’s lender‐friendly terms and the scale of funding available, I was able to take my original dream of creating unique, durable pottery and expand it into a bigger vision than I had even imagined.
Beyond the funding itself, working with Chris and her team was an exceptional experience. From answering my many questions to even visiting my studio in person, they made the process clear, smooth, and personal. I didn’t just receive a loan—I felt the genuine support of people who are invested in my success and goals. That combination of resources and encouragement is what’s making this dream possible.”
