Filing Date:
Applications are accepted on a rolling basis. Contact your Economic Development Administration (EDA) regional office for more information.
Eligibility:
District organization of a designated Economic Development District (EDD); state, city, county 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; and a public or private non‐profit organization or association acting in cooperation with officials of a political subdivision of a state.
Description:
The Economic Adjustment Assistance (EAA) Program provides a wide range of technical, planning and public works assistance in regions experiencing adverse economic changes that may occur suddenly or over time.
Grants provided through the EAA Program can be used to support the development, updating or refinement of a Comprehensive Economic Development Strategy (CEDS) or to support the execution of activities identified in a CEDS, such as infrastructure improvements, including site acquisition, site preparation, construction, rehabilitation and equipping of facilities. Non-construction activities encompass design and engineering, technical assistance and economic recovery strategy development.
The EDA encourages the submission of applications that will significantly benefit regions with distressed economies, i.e. high levels of unemployment, low income levels, significant declines in per capita income, large numbers (or high rates) of business failures, reduced tax bases, or substantial loss of population because of the lack of employment opportunities.
Applications should be based on long-term, regionally oriented, coordinated, and collaborative economic development or redevelopment strategies that foster economic growth and resilience. This includes plans aimed at building stronger regional economic links between urban centers and rural areas.
For example, it could be argued that modern rail facilities are but one important piece in a larger transportation network. By creating a strong, holistic transportation system that takes into account rail, air, vehicle and water transport, a region increases its competitiveness; maintaining a vibrant and flexible transportation system better allows regions to weather economic change.
Financing:
Generally, the amount of the EDA grant may not exceed 80% of the total cost of the project, but the EDA may contribute up to 100%. Required matching contributions may take the form of cash; in-kind contributions, such as space, equipment, or services, or forgiveness or assumptions of debt, may also provide the non-federal share of the total project cost.
Additional Information:
U.S. Economic Development Administration – Economic Adjustment Assistance Program
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