Economic Adjustment Assistance

 

Through the EAA program, EDA provides investments that 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. Like Public Works investments, EAA investments are designed to help communities catalyze public-private partnerships to foster collaboration, attract investment, create jobs, and foster economic resiliency and prosperity. For example, EDA might provide funding to a university or community college to create and launch an economic diversification strategy to promote and enhance the growth of emerging industries in a region facing job losses due to declines in regionally important industries. As another example, EDA might provide funding to a city to support the construction of a publicly-owned multi-tenant business and industrial facility to house early-stage businesses. EDA designates a portion of its EAA funding to support communities and regions that have been negatively impacted by changes in the coal economy. To support these projects, EDA prioritizes ACC implementation projects and activities that: o Will produce multiple economic and workforce development outcomes, such as promoting regional economic growth and diversification, new job creation, and re-employment opportunities for displaced coal economy workers; and o Are specifically identified under local and regional economic development plans that have been collaboratively produced by diverse local and regional stakeholders. Under this NOFO, EDA will also support ACC planning through strategy grants that develop, update, or refine a CEDS or an equivalent planning document.

Active 11.307 Economic Development Administration, Department of Commerce B - Project Grants Not applicable. Section 209 of the Public Works and Economic development Act of 1965, as amended (PWEDA), (42 U.S.C. § 3149) EDA is not authorized to provide grants or cooperative agreements under its Public Works or EAA programs to individuals or to for-profit entities. Requests from such entities will not be considered for funding. Pursuant to Section 3 of PWEDA (42 U.S.C. SS 3122) and 13 C.F.R. SS 300.3, eligible applicants for EDA financial assistance under the Public Works and EAA programs 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. Beneficiaries of investments made under Economic Adjustment are those communities who satisfy one or more of the economic distress and/or "Special Need" criteria set forth in 13 C.F.R.SS 301.3(a) and 13 C.F.R. SS 300.3 to revitalize, expand, or upgrade their economic development assets to attract new industry, encourage business expansion, diversify their local economies, and generate or retain long-term private sector jobs and capital investments. Investments are intended to alleviate long-term deterioration and sudden and severe economic dislocation in distressed communities and regions. EDA will review and evaluate documentation submitted by the applicant to determine eligibility. EDA will reject any documentation of eligibility that the agency determines is inaccurate or incomplete, which may cause the proposal or application to be rejected. EDA reserves the right to request additional documentation or information from the applicant to make an eligibility determination. The proposed project must meet EDA's distress criteria as of the date EDA receives a proposal or complete application for PRC review. However, if an award has not been made within six months of that date, EDA will then re-evaluate the project to determine continued eligibility for investment assistance. If the project no longer meets EDA's distress criteria, the project will no longer be considered. For construction projects (including design and engineering) the project must be located within an eligible Region. EDA suggests that applicants work closely with the EDA representative listed for their State as they define an eligible project in their Region. EDA employs a two-phase review process for proposals/applications submitted under this NOFO. There are no submission deadlines. Proposals and applications will be accepted on an ongoing basis until the publication of a new EDAP NOFO, cancellation of this NOFO or all available funds have been expended. EDA intends to review proposal packages within 30 days of their receipt and review full applications within 60 days of receipt. 2 CFR 200, Subpart E - Cost Principles applies to this program. Preapplication coordination is required. An environmental impact assessment is required for this listing. This program is eligible for coverage under E.O. 12372, "Intergovernmental Review of Federal Programs." An applicant should consult the office or official designated as the single point of contact in his or her State for more information on the process the State requires to be followed in applying for assistance, if the State has selected the program for review. Preapplication coordination is required. An environmental impact assessment is required for this listing. This program is eligible for coverage under E.O. 12372, "Intergovernmental Review of Federal Programs." An applicant should consult the office or official designated as the single point of contact in his or her State for more information on the process the State requires to be followed in applying for assistance if the State has selected the program for review. 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. FY 2019 Economic Development Assistance Programs. Application submission and program requirements for EDA's Public Works and Economic Adjustment Assistance programs Staff in the applicable EDA regional office review complete applications for eligibility and compatibility with EDA's mission and funding priorities. Applications deemed eligible and at least minimally consistent with EDA's mission and funding priorities are referred to an Investment Review Committee, which recommends applications for funding to the Regional Director. The Regional Director makes a funding determination as the Grants Officer for the respective region. Not applicable. From 90 to 120 days. Not applicable. Not applicable. EDA will review all applications for investment assistance against the evaluation criteria outlined in the applicable NOFO, which generally includes a review of the feasibility of the budget presented, conformance with EDA statutory and regulatory requirements, and alignment with strategic areas of interest and priority considerations identified in the applicable announcement. For more information on these investment priorities and current funding opportunities, go to http://www.eda.gov. Assists state and local interests in designing and implementing strategies to adjust or bring about change to an economy. The program focuses on areas that have experienced or are under threat of serious structural damage to the underlying economic base. Under Economic Adjustment, EDA administers its Revolving Loan Fund (RLF) Program, which supplies small businesses and entrepreneurs with the gap financing needed to start or expand their business. Performance Reports: EDA reserves the right to conduct site visits on an as-needed basis.. Single or program-specific audits shall be performed. The applicant is reminded that EDA or the Department of Commerce's Office of Inspector General also may conduct an audit of an award at any time. All financial and programmatic records, supporting documents, statistical reports and other records of recipients and sub-recipients are required to be maintained by the terms of the agreement. Statutory formula is not applicable to this assistance listing.

Matching is voluntary. Generally, the amount of the EDA grant may not exceed 50 percent of the total cost of the project. Projects may receive an additional amount that shall not exceed 30 percent, based on the relative needs of the region in which the project will be located, as determined by EDA. In the case of EDA investment assistance to a(n) (i) Indian Tribe, (ii) State (or political subdivision of a State) that the Assistant Secretary determines has exhausted its effective taxing and borrowing capacity, or (iii) non-profit organization that the Assistant Secretary determines has exhausted its effective borrowing capacity, the Assistant Secretary has the discretion to establish a maximum EDA investment rate of up to 100 percent of the total project cost.

MOE requirements are not applicable to this assistance listing. EDA expects that all projects will proceed efficiently and expeditiously, and EDA encourages applicants to clearly document how quickly the applicant will be able to start and complete the proposed work. All construction projects are expected to be completed within five years from the date of award. As stated in the award terms and conditions. Funds are disbursed on a reimbursement basis. None/Not specified. Philip Saputo
1401 Constitution Avenue, NW, Room 71030
Washington, DC 20230 US
psaputo@eda.gov
Phone: (202) 400-0662 http://www.eda.gov 13-2050-0-1-452 (Project Grants (Cooperative Agreements)) FY 18$37,000,000.00; FY 19 est $37,000,000.00; FY 20 FY 16$53,787,463.00; FY 17 est $48,000,000.00; - 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. 13 CFR parts 300-302, 307. Not applicable.