Federal Budget: Funding for Key #EconDev Programs

Federal Budget: The omnibus spending bill passed by Congress in March authorized favorable spending levels for 2018 for federal economic development programs, including:

• Economic Development Agency – 302 million for fiscal 2018; about $26 million above fiscal 2017;
• Manufacturing Extension Program – received $140 million; $10 million above fiscal 2017;
• CDBG – received roughly $3.3 billion; $365 million about fiscal 2017;
• TIGER – received $1.5 billion; $1 billion above fiscal 2017 ;
• Rural Business-Cooperative Service – received roughly $77 million; about $12 million above fiscal 2017
• Employment and Training Administration apprenticeship opportunities – received $145 million; $50 million above fiscal 2017;
• Minority Business Development Agency – received $39 million; $5 million over fiscal 2017, and
• Appalachian Regional Commission- received $155 million; $3 million over fiscal 2017.