EDA Changes Format for FY2011

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Above: The Gaylord Industrial Park, an EDA-Funded Project Designed by GFA

In FY 2011 EDA will move to a quarterly funding cycle system. Beginning on October 14, 2010 applications will still be accepted on a continuing basis, but must be received by the deadlines set out below in order to be considered for funding during a particular cycle. Eligible applicants have the option of receiving preliminary feedback on an application’s technical and competitive merits by submitting the application for an optional preliminary review. EDA will provide such feedback no later than 15 business days after EDA’s receipt of an application, and applicants will have the opportunity to revise and/or supplement the application as necessary or submit a new application by the funding cycle deadline or in time for consideration in a subsequent funding cycle. Applicants that elect to receive such feedback must submit an application sufficiently in advance of the applicable funding cycle deadline so that EDA can provide feedback and the applicant can revise and/or provide additional documentation or submit anew by the deadline. EDA will not select projects for funding until after the funding cycle deadline has passed.

Hard copy applications must be delivered with a postmark or courier service’s time and date stamp dated on or before 5:00 pm local time in the applicable regional office on the funding cycle deadline date. For FY 2011, the funding cycle deadlines are as follows:
December 15 for funding cycle 1;
March 10 for funding cycle 2;
June 10 for funding cycle 3; and
September 15 for funding cycle 1 of FY 2012.

EDA’s overall mission is to help distressed communities establish a foundation for durable regional economies throughout the United States. Grants made under these programs will focus on innovation and regional collaboration to create and retain higher wage and sustainable jobs, leverage the flow of private capital, encourage economic development, and strengthen America’s ability to compete in the global marketplace. EDA encourages its rural and urban partners around the country to develop initiatives that advance new ideas and creative approaches to address rapidly evolving economic conditions.

Eligible applicants include a(n):

(i) District Organization of a designated Economic Development District (EDD);

(ii) Indian Tribe or a consortium of Indian Tribes;

(iii) State, 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.

EDA will evaluate applications on a competitive basis in order to maximize the economic revitalization impact of the program based on the extent to which applications address the following core evaluation criteria:
Address National Strategic Priorities, including technology-led development, support for small- and medium-sized businesses, global competitiveness and innovation, economic dislocation due to auto industry restructuring or natural disasters, commercializing research, and environmentally sustainable development.
Assist Economically Distressed and Underserved Communities to strengthen diverse communities that have suffered disproportionate economic and job losses and/or are rebuilding to become more competitive in the global economy.
Demonstrate a good return on EDA’s investment through job creation or retention and/or serving as a catalyst for private sector investment.
Demonstrate or support regional collaboration to support the development and growth of innovation clusters based on existing regional competitive strengths.
Employ public-private partnerships to use both public and private resources and/or leverage complementary investments by other government/public entities and/or non-profits.

Contact us for more information on EDA programs!

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EDA Changes Format for FY2011

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