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:
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.