Created in 1965 as part of the Department of Commerce, EDA uses grants and cooperative agreements to encourage private investment in economically distressed regions, hoping to create and maintain high-skilled, high-paying jobs. The EDA was headed by Assistant Secretary John Fernandez until he resigned on March 2, 2012, and he has not been replaced.
At the good end of the scale, the top-ranked agency is the Surface Transportation Board..
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