Guam Economic Development Authority (GEDA) a public corporation (12GCA Chapter 50), was created by enabling legislation on August 21, 1965, under Public Law 8-80 and amended by Public Law 26-76 to include Department of Commerce. Under PL8-80, the Authority has been given rather broad responsibility to the centralized direction, control and supervision of an integrated plan for the economic development of Guam. GEDA’s mission is to develop a sound and sustainable economy through innovative programs that preserve and promote local culture, economic opportunities and quality of Life.