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News & Press: 2018 Economic Development News

Congress Passes Federal Spending Bill: Impact to ED Programs

Friday, March 23, 2018  
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L E G I S L A T I V E A L E R T !

Congress Passes Funding Bill:
ED Programs Funded at Historic Levels

 

 

 

 

 

 


Earlier this afternoon, President Trump signed a $1.3 trillion spending bill into law. With many thanks to the policy team at IEDC, we are able to share highlights related to the funding of key economic development programs. The information below includes funding for specific programs and IEDC's call to action to ensure funding in FY 2019.

Highlights include:

EDA - received roughly $302 million for fiscal 2018; about $26 million above fiscal 2017

MEP - 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

ETA apprenticeship opportunities - received $145 million; $50 million above fiscal 2017

MBDA - received $39 million; $5 million over fiscal 2017

ARC - received $155 million; $3 million over fiscal 2017

Denali Commission - received $30 million; $15 million over fiscal 2017

DRA - received $25 million; level with fiscal 2017

Northern Border Regional Commission - received $15 million; $5 million over fiscal 2017

What does this mean?

Congress voted earlier this year to do away with discretionary spending caps for the next two years and increased budgetary authority for defense and non-defense spending by hundreds of billions of dollars. They have acted on this new authority. Congress has also ignored the White House's (first) proposal for eliminating or greatly reducing all of these (and more) programs. It is a good day for federal economic development programs.

But...?

The White House has proposed again to eliminate or drastically reduce all of these (and more) programs for fiscal 2019. And the debate over next year's appropriations has already begun. The voices of economic developers have been heard and will need to continue to be heard over the next few years. If you haven't yet signed the letter supporting next year's funding for EDA, consider doing so now - just click here.

Finally, when talking with your Members of Congress and their staff, be sure to thank them for supporting federal economic development in the fiscal 2018 omnibus! They need to know that we're paying attention and that we appreciate their support.

Please contact Matt Mullin, Senior Director, Public Policy & Strategic Engagement at mmullin@iedconline.org if you have any questions or comments.

 

International Economic Development Council
IEDC is a non-profit, non-partisan membership organization serving economic developers. With more than 5,000 members, IEDC is the largest organization of its kind. Economic developers promote economic well-being and quality of life for their communities by creating, retaining and expanding jobs that facilitate growth, enhance wealth and provide a stable tax base. From public to private, rural to urban and local to international, IEDC's members are engaged in the full range of economic development experience. Given the breadth of economic development work, our members are employed in a wide variety of settings including local, state, provincial and federal governments, public-private partnerships, chambers of commerce, universities and a variety of other institutions. When we succeed, our members create high-quality jobs, develop vibrant communities, and improve the quality of life in their regions.

 

 

 

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