{"ok":true,"canonical_url":"https://dealroom.so/glossary/economic-development-agency","api_url":"https://dealroom.so/api/public/glossary/economic-development-agency","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"economic-development-agency","term":"Economic Development Agency","group":"People and paperwork","definition":"A government or non-profit organization focused on promoting economic growth and job creation in a specific area. They sometimes offer local incentives or resources.","what_it_means":"While not directly involved in your SBA loan, an EDA might offer grants, tax incentives, or local assistance that could benefit your acquired business. Research local agencies for potential post-acquisition support.","url":"https://dealroom.so/glossary/economic-development-agency","official_sources":[],"related":[{"slug":"non-profit-organization","term":"Non-profit organization","url":"https://dealroom.so/glossary/non-profit-organization"},{"slug":"small-business","term":"Small business","url":"https://dealroom.so/glossary/small-business"}],"related_questions":[{"question":"Can I use a conditional grant from a local economic development agency as equity?","url":"https://dealroom.so/sba-7a/questions/can-i-use-a-conditional-grant-from-a-local-economic-development-agency-as-equity"},{"question":"What if the business I'm buying requires significant ongoing research and development?","url":"https://dealroom.so/sba-7a/questions/what-if-the-business-i-m-buying-requires-significant-ongoing-research-and-development"},{"question":"How does a lender determine affiliation for size purposes when evaluating common economic dependence?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-determine-affiliation-for-size-purposes-when-evaluating-common-economic-"},{"question":"What kind of government agency is the Small Business Administration (SBA) for these loans?","url":"https://dealroom.so/sba-loans/basics/what-kind-of-government-agency-is-the-small-business-administration-sba-for-these-loans"},{"question":"What is the role of an SBA Business Development Officer (BDO) in my loan process?","url":"https://dealroom.so/sba-7a/questions/what-is-the-role-of-an-sba-business-development-officer-bdo-in-my-loan-process"},{"question":"Under what conditions does a shared economic interest trigger affiliation for SBA size standard purposes?","url":"https://dealroom.so/for-lenders/questions/under-what-conditions-does-a-shared-economic-interest-trigger-affiliation-for-sba-size-sta"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Economic Development Agency","url":"https://dealroom.so/glossary/economic-development-agency","source_type":"DealRoom Data"}}