In 2023, Arkansas received $10,699,036 in EDA grants for economic development projects, ranking 14th nationwide, according to the US Economic Development Administration (EDA).
The program that received the largest share of funds was regional innovation strategies, which accounted for $6,433,000 in total grants.
The EDA is a federal government agency focusing exclusively on economic development. The agency solicits applications for funding to support construction, non-construction planning, technical assistance, and revolving loan fund projects under the agency’s Public Works and the Economic Adjustment Assistance (EAA) programs.
Grants made under these programs are designed to advance economic development in distressed communities.
Arkansas Programs Ranked by 2023 Grant Totals
| Rank | Program | Dollar Amount |
|---|---|---|
| 1 | Regional Innovation Strategies | $6,433,000 |
| 2 | Public Works | $1,914,800 |
| 3 | Economic Adjustment Assistance | $1,172,715 |
| 4 | Planning | $918,521 |
| 5 | Technical Assistance | $260,000 |
States Ranked by 2023 EDA Grant Totals
| Rank | State | Total Amount |
|---|---|---|
| 1 | South Carolina | $30,038,466 |
| 2 | California | $24,019,508 |
| 3 | Alabama | $20,063,445 |
| 4 | Texas | $17,406,812 |
| 5 | New York | $16,600,629 |
| 6 | Kentucky | $16,050,655 |
| 7 | West Virginia | $15,899,471 |
| 8 | Michigan | $14,095,126 |
| 9 | North Carolina | $12,831,748 |
| 10 | Georgia | $11,724,802 |
| 11 | Ohio | $11,601,261 |
| 12 | Missouri | $11,433,177 |
| 13 | Virginia | $11,188,240 |
| 14 | Arkansas | $10,699,036 |
| 15 | Indiana | $10,593,709 |
| 16 | Massachusetts | $10,590,783 |
| 17 | Oregon | $9,358,054 |
| 18 | Tennessee | $9,240,486 |
| 19 | Louisiana | $8,883,604 |
| 20 | Pennsylvania | $8,554,136 |
| 21 | Iowa | $8,283,476 |
| 22 | Wisconsin | $7,704,449 |
| 23 | Washington | $7,196,182 |
| 24 | Oklahoma | $6,838,472 |
| 25 | South Dakota | $6,814,796 |
| 26 | Arizona | $6,307,938 |
| 27 | Illinois | $6,154,997 |
| 28 | Colorado | $5,630,546 |
| 29 | Wyoming | $5,368,500 |
| 30 | Florida | $5,336,908 |
| 31 | Minnesota | $4,865,705 |
| 32 | New Jersey | $4,857,441 |
| 33 | New Mexico | $4,120,000 |
| 34 | Mississippi | $4,029,618 |
| 35 | Maine | $3,379,356 |
| 36 | Nevada | $3,235,517 |
| 37 | Alaska | $3,136,435 |
| 38 | Connecticut | $2,477,338 |
| 39 | Utah | $2,421,500 |
| 40 | Montana | $1,777,800 |
| 41 | Nebraska | $1,616,976 |
| 42 | Maryland | $1,354,146 |
| 43 | Vermont | $1,290,326 |
| 44 | Hawaii | $1,106,000 |
| 45 | Idaho | $975,000 |
| 46 | Delaware | $887,923 |
| 47 | North Dakota | $883,000 |
| 48 | Rhode Island | $737,379 |
| 49 | Kansas | $299,772 |
