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Economic Development
Programs supporting regional economic growth, community lending, and business investment
This is a proposal, not law.This reflects the President's FY2027 budget proposal. Congress has not acted on these appropriations.
3
Programs affected
$4.0B
Total proposed cuts
$3.3B
100.0% cut
1,250+ cities/counties; since 2005: 563,236 jobs created; 7.5 million people served in FY2023 alone
$449M
100.0% cut
Distressed communities; regional economic development organizations; ~1,200 communities annually
$205M
75.0% cut
1,432 certified CDFIs with $450B+ in assets; underserved communities, rural areas