US Department of Commerce, Economic Development Administation

company

About

Lead the federal economic development agenda by promoting innovation and competitiveness, preparing American regions for growth and success.

  • 251 - 500

Details

Industries
Business Development,Career Planning,Government,Office Administration
Founded date
Jan 1, 1965
Number Of Employee
251 - 500
Operating Status
Active
Investor Type
Venture Capital

The U.S. Economic Development Administration'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.

Investments

Number of Investments
Number of Lead Investments
5
5
US Department of Commerce, Economic Development Administation has made 5 investments. Their most recent investment was on Oct 5, 2022, when Magellan Advisors raised $1.80M.
Date Company Name
Round Money Raised Industry Lead Investor
Grant $1.80M Compliance Yes
Grant $51.40M Aerospace Yes
Grant $10M Education Yes
Jan 27, 2022 LabCentral
Grant $249.62K Education Yes
Grant $300K Finance Yes