Economic Development Administration Announces Investments through the Public Works and Economic Adjustment Assistance Programs
January 5, 2017
EDA provides strategic investments on a competitive merit basis to support economic development, foster job creation, and attract private investment in economically distressed areas of the United States. Under this FFO, EDA solicits applications from applicants in order to provide investments that support construction, non-construction, technical assistance, and revolving loan fund projects under EDA’s Public Works and EAA programs. Grants and cooperative agreements made under these programs are designed to leverage existing regional assets and support the implementation of economic development strategies that advance new ideas and creative approaches to advance economic prosperity in distressed communities.
This new FFO clarifies EDA’s current process and application submission requirements, but does not make substantive changes to EDA’s grant process. The most important clarification on the application submission requirements are:
- The Investment Priorities section now includes language that underlines the importance of positioning U.S. firms to become leaders in global industries, along with language on economic development initiatives to help unemployed and underemployed young adults;
- EDA added a requirement that applications must include a budget narrative submission to accompany the SF-424A/SF-424C when the full application is submitted to EDA in order for the application to be considered complete; and,
- Reporting requirements are enhanced per EDA and DOC regulations. Specifically, in addition to the existing requirements pursuant to the Government Performance and Results Act (GPRA), the FFO now communicates EDA’s intent to collect and use information on the outputs and impacts of EDA grants. Furthermore, the section now features the Department of Commerce (DOC) regulatory language that reiterates DOC’s right to use information contained in the submitted applications, reports, and performance data for evaluation purposes.
Applications for these programs will now need to be submitted under the applicable FY 2017 EDAP package in Grants.gov to ensure they are received.