EURADA was created in 1991 to encourage exchanges of experience between members, share best practices in economic development, promote recognition of development agencies, participate in development and delivery of programs, reinforce and better organize technical cooperation, as well as assist development agencies. EURADA activities include sharing of information, assistance, training and development of cooperation projects to analysis of policy impacts and promotion of techniques in local and regional economic development. EURADA is self-financed through membership fees. In 1998, 150 development agencies active in 20 different countries contributed to co-financing EURADA.
