EDA?s mission is to lead the Federal economic development agenda by promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy. EDA fulfills its mission by investing in the following: public works infrastructure and development facilities; the crafting and implementation of comprehensive economic development strategies; local, national and University Center-based technical assistance and research projects; and revolving loan funds. Under separate statutory authority, EDA also provides technical assistance to firms adversely affected by directly competitive imported products.
EDA encourages only those investment proposals that will significantly benefit areas experiencing or threatened with substantial economic distress. Distress may exist in a variety of forms, including, but not limited to the following: high levels of unemployment, low income levels, large concentrations of low-income families, significant declines in per capita income, substantial loss of population because of the lack of employment opportunities, large numbers (or high rates) of business failures, sudden major layoffs or plant closures, trade impacts, military base closures, natural or other major disasters, depletion of natural resources, or reduced tax bases.
EDA evaluates and funds investment proposals according to the Investment Policy Guidelines and Funding Priorities (see Section V of the Full FFO).
Who can apply:
City Or Township Governments
Federally Recognized Indian Tribal Governments
Non-Government - General
Nonprofits Having A 501(C)(3) Status With The IRS, Other Than Institutions Of Higher Education
Nonprofits That Do Not Have A 501(C)(3) Status With The IRS, Other Than Institutions Of Higher Education
Other Private Institution/Organization
Private Institutions Of Higher Education
Private Nonprofit Institution/Organization (Includes Institutions Of Higher Education, Hospitals)
Public And State Controlled Institutions Of Higher Education
Small Business (Less Than 500 Employees
State (Includes District Of Columbia; Includes Institutions Of Higher Education And Hospitals)
U.S. Territories And Possessions (Includes Institutions Of Higher Education, Hospitals)
Eligible functional categories:
Economic Adjustment Assistance
Economic Development_Support for Planning Organizations
Economic Development_Technical Assistance
Grants for Public Works and Economic Development Facilities
Trade Adjustment Assistance
If you have problems accessing the full announcement, please contact:
Department of Commerce, Economic Development Administration, Headquarters