Economic Adjustment Assistance: Federal Programs Intended to Help Beneficiaries Adjust to Economic Disruption
January 19, 2023
Economic Adjustment Assistance: Federal Programs Intended to Help Beneficiaries Adjust to Economic Disruption
Individuals, businesses, and communities in the United States have had to change how they work or operate because their jobs or economies were affected by external forces such as trade agreements or defense or energy policy changes. The nation’s workforce has also undergone rapid, widespread change due to other economic forces such as emerging technologies and shifting business models, a dynamic that is expected to continue. Federal economic adjustment assistance (EAA) programs were established to help workers, businesses, and communities respond to these disruptions and the potential dislocation precipitated by specific economic events.
The federal government provides economic adjustment assistance both through programs and through tax expenditures.1 Some economic adjustment assistance is funded directly, such as through grants, cooperative agreements, or formula funding to public or nonprofit entities that then provide services to beneficiaries.2 The federal government also assists with economic adjustment in an indirect way. For example, it funds demonstration grants and technical assistance and training for program personnel to enhance the services provided by the program or agency.
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