Notice of Funding Opportunity (NOFA) number PWEAA2020.
EDA CARES Act Recovery Assistance, which is being administered under the authority of the bureau’s flexible Economic Adjustment Assistance (EAA) (PDF) program, provides a wide-range of financial assistance to communities and regions as they respond to and recover from the impacts of the pandemic.
Dates: There are no submission deadlines. Applications will be accepted on an ongoing basis until the publication of a new PWEAA NOFO, cancellation of this PWEAA NOFO, or all available funds have been expended. EDA intends to review applications within 60 days of receipt.
Funding Opportunity Description: 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 NOFO, EDA solicits applications from applicants in order to provide investments that support construction, non-construction, planning, technical assistance, and revolving loan fund projects under EDA’s Public Works program and EAA program …. 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….
Overview: EDA’s Public Works and EAA programs provide economically distressed communities and regions with comprehensive and flexible resources to address a wide variety of economic needs. Projects funded by these programs will support the DOC Strategic Plan (2018-2022) by, among other things, advancing innovation, enhancing the manufacturing and export capacities of regions, providing workforce development opportunities, and growing ecosystems that attract foreign direct investment. Through these programs, EDA supports bottom-up strategies that build on regional assets to spur economic growth and resiliency. EDA encourages its grantees throughout the country to develop initiatives that present new ideas and creative approaches to advance economic prosperity in distressed communities.
Eligible Applicants include a(n): (i) District Organization of an EDA-designated Economic Development District; (ii) Indian Tribe or a consortium of Indian Tribes; (iii) State, county, 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.
Applicants are strongly encouraged to contact the EDA representative listed for their applicable State in Section G of the NOFO before submitting an application to EDA to clarify technical matters involving their project, its alignment with EDA’s mission and Investment Priorities, and all other relevant publicly available information relating to general technical matters. (For Mississippi: Gil Patterson email@example.com 404-730-3032).
Projects must align with at least one of EDA’s Investment Priorities: Recovery & Resilience; Critical Infrastructure; Workforce Development and Manufacturing; Exports and FDI; and Opportunity Zones.
Projects may be either Public Works projects or Economic Adjustment Assistance (EAA) projects.
Through the Public Works program, EDA provides catalytic investments to help distressed communities build, design, or engineer critical infrastructure and facilities that will help implement regional development strategies and advance bottom-up economic development goals to promote regional prosperity. The Public Works program provides resources to meet the construction and/or infrastructure design needs of communities to enable them to become more economically competitive. The average size of a Public Works investment has been approximately $1.4 million and investments generally range from $600,000 to $3,000,000. Historically, EDA has awarded funds for between 80 and 150 Public Works projects a year.
EAA investments support a wide range of construction and non-construction activities (including infrastructure, design and engineering, technical assistance, economic recovery strategies, and capitalization or re-capitalization of Revolving Loan Funds (RLF)) in regions experiencing severe economic dislocations that may occur suddenly or over time. EDA utilizes EAA investments to provide resources that help communities experiencing or anticipating economic dislocations to plan and implement specific solutions to leverage their existing regional economic advantages to support economic development and job creation. EAA investments are designed to help communities catalyze public-private partnerships to foster collaboration, attract investment, create jobs, and foster economic resiliency and prosperity. The average size of an EAA investment has been approximately $650,000 and investments generally range from $150,000 to $1,000,000. Historically, EDA has awarded funds for between 70 and 140 EAA projects a year.
Cost Sharing or Matching. Cost sharing is an essential element of any EDA project, and the availability and committed nature of matching funds is a competitiveness factor in evaluating applications against each other. Generally, the amount of an EDA award may not exceed 50 percent of the total cost of the project. Projects may receive an additional amount that may not exceed up to 30 percent of the total project cost, based on the relative needs of the region9 in which the project will be located, as determined by EDA….Applicants are strongly encouraged to work with the appropriate EDA representative to determine how in-kind contributions may be utilized to satisfy the matching share requirement for their application.
Notice of Funding Opportunity (NOFA) number PWEAA2020.