EDA Federal Funding Opportunity

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Posted on 01/17/2017 by VLCT Communications

 

The Economic Development Administration (EDA) has published the FY17 Economic Development Assistance Programs (EDAP) Federal Funding Opportunity (FFO). The FFO and related information are posted at https://www.eda.gov/funding-opportunities.

Funding Opportunity Number: EDAP2017

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.

EDA employs a two-phase review process for proposals/applications submitted under this FFO. There are no submission deadlines. Proposals and applications will be accepted on an ongoing basis until the publication of a new EDAP FFO. Proposals will be reviewed by EDA within 30 days of receipt. Following the proposal review, full applications will be reviewed within 60 days of receipt. (See Section D of this FFO for information on EDA’s two-phase review process.)

While the FY16 FFO incorporated significant procedural changes (i.e., established a two-phase application process) the FY17 FFO features some non-substantive clarifications and enhancements in language and requirements. Key changes include modifications to the EDA Investment Priorities language (no new priorities but modified language), clarification of the application submission requirements to include a budget narrative, and incorporation of additional requirements under the Reporting section. Specifically:

  1. 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 (Section: A. Program Overview: 2. EDA Investment Priorities: d. Global Competitiveness (p. 5), and f. Underserved Communities (p.6), respectively).
  2. We added a requirement that applications must include a budget narrative submission to accompany the SF-424A/SF-424C (Section: D. Proposal and Application Submission Information: 2. Content and Form of the Proposal and Application Submission: b. What is required for a complete application? (p.18-21)).
  3. Reporting requirements are enhanced per EDA and DOC regulations.I n addition to the existing requirements pursuant to the Government Performance and Results Act (GPRA), the FFO 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 (Section: 3. Reporting c. (p. 29)).

If you are unable to access the announcement electronically, please contact the EDA representative for your state. A list of EDA representatives is posted at www.eda.gov/contact/.