What are the Benefits of EDA Funding for Businesses?
EDA funding offers several benefits for businesses, including:
1. Access to Capital: EDA grants and loans provide much-needed capital for projects that might otherwise struggle to secure financing. 2. Technical Support: The EDA's technical assistance helps businesses navigate the complexities of economic development projects. 3. Networking Opportunities: EDA-funded projects often involve collaboration with other organizations, creating opportunities for networking and partnership.