RFP Summary provided by the agency
Economic Adjustment Assistance (EAA)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 recapitalization 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.
What is the mission and focus of the program: research, social, economic or others?
Program scope is scale-up of regional economic development efforts, including smart city accelerators, startup training, workforce development.
Recipients are encouraged to utilize public private partnerships including government, industry, academic and nonprofit stakeholders.
This funding cannot go to research projects, but can support social benefits along with economic development impacts like creating new jobs, revenue, and outside investments.
How do you submit to this opportunity?
Before submitting there are a number of important steps to take:
Share project ideas with your local EDA representative before submitting a proposal. Get feedback on approach, partners, and outcomes. Each state will have a designated EDA representative listed on the site: www.eda.gov.
Ensure that you have strong buy in from local stakeholders, including local industry, nonprofits, academic researchers, startups, and city or state governments.
Many regions have developed economic development strategies with support from EDA. Proposals should help explain how this approach connects to their broader regional economic development strategy.
Identify match requirement based on the level of employment and income numbers for the targeted communities. Regions responding need to identify match sources.
Submit through grants.gov
Who are the target applicants: cities, universities, companies, small business, nonprofits, or others?
Target applicants are state, local, tribal and other governments, universities, and nonprofits.
Must be a distressed community with higher than average unemployment or incomes lower than the national average.
Full list includes:
Private institutions of higher education
City or township governments
Public and State controlled institutions of higher education
Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education
Special district governments
Native American tribal organizations (other than Federally recognized tribal governments)
Native American tribal governments (Federally recognized)
Nonprofits that do not have a 501(c)(3) status with the IRS, other than institutions of higher education
Private institutions of higher education
Example project(s) summaries from past RFPs:
$875,048 to Dixie State University, St. George, Utah, to support the launch of Innovation Plaza at Dixie State University by providing funds to purchase equipment for laboratories in the biotech, medical, and environmental testing, and entrepreneurial makerspace to create a hub for innovation and skills training. Completion of the project will enable business enterprises in the area to operate more efficiently and expand their economic capacity, which will foster conditions that support the creation of more, higher paying employment opportunities for the region’s workforce. The grantee estimates that this investment will help create 260 jobs.
(ii) Example project(s) summaries from past RFPs:
$500,000 to the Technology Entrepreneur Center, Inc., St. Louis, Missouri, to support the Technology Entrepreneur Center, Inc. (T-REX) in establishing a regional Locational Intelligence Resource Center (LIRC) which will provide resources, training and services for existing and start-up Advanced Information and Intelligence Technologies (AIIT) companies and organizations in St. Louis, Missouri. This project will help spur new, skilled positions and bolster the AIIT business cluster in the area, which will boost economic growth and global competitiveness in the region. The grantee estimates that this investment will help create 475 jobs.
(iii) Example project(s) summaries from past RFPs:
$2 million to Franklin County and the Tennessee College of Applied Technology Shelbyville, Tennessee, to fund the construction of a proposed training facility at the Tennessee College of Applied Technology. The facility will support the expansion of existing industries as well as attract new businesses to the area. The investment will strengthen and enhance the area’s skill training programs and create jobs which will help to create economic stability in the region. The grantees estimate that this investment will help create 250 jobs, save 20 jobs, and leverage $7.5 million in private investment.