EDA Recovery Act Funding | Apply Online

Opportunity Information: Apply for EDA03102009RECOVERYACT

The EDA Recovery Act Funding opportunity aims to support regions affected by sudden and severe economic disruptions, particularly those resulting from corporate restructuring. This federal funding initiative invites applications for financial assistance under the Public Works and Economic Adjustment Assistance programs. Priority will be given to projects that can significantly benefit distressed communities—urban or rural—facing challenges such as high unemployment rates, low incomes, business failures, and job losses due to various factors, including natural disasters and military base closures.

The program exemplifies the belief that private sector investments are crucial for driving regional economic development. By supporting initiatives that restore and expand economic activity, the EDA aims to promote diversification of the economic base, fostering stronger and more resilient local economies. Ultimately, the goal is to create jobs by encouraging the growth of new and existing businesses in these affected regions.

• The Economic Development Administration in the other (see text field entitled explanation of other category of funding activity for clarification) recovery act sector is offering a public funding opportunity titled "EDA Recovery Act Funding" and is now available to receive applicants.
• Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 11.300 Investments for Public Works and Economic Development Facilities 11.307 Economic Adjustment Assistance.
• This funding opportunity was created on Mar 8, 2010 and posted on Mar 5, 2009.
• Applicants must submit their applications by Jun 30, 2010 Funds are available for obligation until September 30, 2010 however, it takes a minimum of 90 days from EDAs receipt of a complete application until award, when funds are obligated.. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2025.)
• Eligible applicants include: Private institutions of higher education Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education Others (see text field entitled Additional Information on Eligibility for clarification) Special district governments County governments Native American tribal governments (Federally recognized) Public and State controlled institutions of higher education State governments City or township governments.
• PLEASE NOTE For profit, private sector entities and individuals do not qualify for investment assistance under the Public Works or Economic Adjustment Assistance programs, which are the applicable programs under this announcement. Pursuant to the Public Works and Economic Development Act of 1965, as amended (42 U.S.C. 3121 et seq.)(PWEDA), eligible applicants for and eligible recipients of EDA investment assistance include a(n) (i) District Organization (ii) Indian Tribe or a consortium of Indian Tribes (iii) State, a city or other political subdivision of a State, including a special purpose unit of a State or local government engaged in economic or infrastructure development activities, or a consortium of political subdivisions (iv) institution of higher education or a consortium of institutions of higher education or (v) public or private non profit organization or association acting in cooperation with officials of a political subdivision of a State. See section 3 of PWEDA (42 U.S.C. 3122) and 13 C.F.R. 300.3. Projects eligible for Public Works or Economic Adjustment investment assistance include those projects located in regions meeting Special Need criteria (as defined in 13 C.F.R. 300.3), as set forth in section VII. of this announcement.

Apply for EDA03102009RECOVERYACT

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