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The Missouri Department of Economic Development (DED) is an agency of the government of Missouri. The department was made to support economic growth in Missouri and help local communities to grow and prosper. [1] It is overseen by a department director appointed by the Missouri Governor and confirmed by the Missouri Senate.
In June 2020, the DOE announced that MOHELA was one of five servicers that would help oversee the federal student loan portfolio in order to bring “enhanced customer support”. [3] [4] In 2021, it was reported that some FedLoan (Pennsylvania Higher Education Assistance Agency) student servicing loans were transferred to MOHELA. [5]
The U.S. Economic Development Administration (EDA) is an agency in the United States Department of Commerce that provides grants and technical assistance to economically distressed communities in order to generate new employment, help retain existing jobs and stimulate industrial and commercial growth through a variety of investment programs ...
A federal grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States. Grants are federal assistance to individuals, benefits or entitlements. A grant is not used to acquire property or services for the federal government's direct ...
Three distinct phases of a federal workers' education program existed: FERA (1933–1935), Works Progress Administration (WPA—prior to separation from the other adult education programs, 1935–1939), and WPA Workers' Service Program (1939–1943). FERA and WPA workers' education stimulated educational activities within the labor movement.
As Missouri lags behind our neighbors in economic growth, business creation, household income, K-12 education and more, the detrimental effects of this attitude are evident.
The department transformation became legally effective on Aug. 28, 2019, when Governor Parson signed Executive Order 19-15, to form the Missouri Department of Higher Education and Workforce Development.
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