Opportunity EDA03102009RECOVERYACT

The summary for the Opportunity EDA03102009RECOVERYACT Federal Grant is detailed below. It contains information such as the Catalog of Federal Domestic Assistance (CFDA) number, who is eligible for the grant, how much grant money will be awarded, important deadlines, and a sampling of similar government grants. Verify the accuracy of the data FederalGrants.com provides by visiting the webpage noted in the Link to Full Announcement section or by contacting the appropriate person listed in the Grant Announcement Contact section. If these sections are incomplete, please visit the website of the government agency that is offering this grant.


	Federal Grant Title:	Opportunity EDA03102009RECOVERYACT
	CFDA Number:	11.300
	CFDA Description:	Grants for Public Works and Economic Development Facilities
	Federal Agency Name:	Economic Development Administration
	Category of Funding Activity:	Other Recovery Act
	Category Explanation:	Recovery Act
	Opportunity Category:	Discretionary
	Funding Opportunity Number:	EDA03102009RECOVERYACT
	Document Type:	Modification to Previous Grants Notice
	Funding Instrument Type:	Grant
	Posted Date:	Mar 05, 2009
	Creation Date:	Mar 17, 2009
	Original Closing Date for Applications:	Jun 30, 2010 Funds are available for obligation until September 30, 2010; however, it takes a minimum of 90 days from EDA's receipt of a complete application until award, when funds are obligated.
	Current Closing Date for Applications:	Jun 30, 2010 Funds are available for obligation until September 30, 2010; however, it takes a minimum of 90 days from EDA's receipt of a complete application until award, when funds are obligated.
	Archive Date:	Oct 31, 2010
	Expected Number of Awards:	Information not provided
	Estimated Total Program Funding:	Information not provided
	Federal Grant Award Ceiling:	Information not provided
	Federal Grant Award Floor:	Information not provided
	Cost Sharing or Matching Requirement:	Yes

Applicants Eligible for this Grant: State governments - County governments - City or township governments - Special district governments - Public and State controlled institutions of higher education - Native American tribal governments (Federally recognized) - Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education - Private institutions of higher education - Others (see text field entitled "Additional Information on Eligibility" for clarification)
Additional Information on Eligibility: PLEASE NOTE: For-profit, private-sector entities and individuals do not qualify for investment assistance under the Public Works or Economic Adjustment Assistance programs, which are the applicable programs under this announcement. Pursuant to the Public Works and Economic Development Act of 1965, as amended (42 U.S.C. § 3121 et seq.)(PWEDA), eligible applicants for and eligible recipients of EDA investment assistance include a(n): (i) District Organization; (ii) Indian Tribe or a consortium of Indian Tribes; (iii) State, a 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. See section 3 of PWEDA (42 U.S.C. § 3122) and 13 C.F.R. § 300.3. Projects eligible for Public Works or Economic Adjustment investment assistance include those projects located in regions meeting "Special Need" criteria (as defined in 13 C.F.R. § 300.3), as set forth in section VII. of this announcement.
Grant Description: Under this federal funding opportunity (FFO) announcement, EDA is soliciting applications for the EDA American Recovery Program under the auspices of PWEDA. Specifically, the FFO pertains to applications for funding under EDA's Public Works and Economic Adjustment Assistance programs only. Under this FFO, EDA will give priority consideration to those applications that will significantly benefit regions "that have experienced sudden and severe economic dislocation and job loss due to corporate restructuring," as stipulated under the Recovery Act. EDA provides financial assistance to distressed communities in both urban and rural regions. Such distress may exist in a variety of forms, including high levels of unemployment, low income levels, large concentrations of low-income families, significant declines in per capita income, large numbers (or high rates) of business failures, sudden major layoffs or plant closures, trade impacts, military base closures, natural or other major disasters, depletion of natural resources, reduced tax bases, or substantial loss of population because of the lack of employment opportunities. EDA's experience has shown that regional economic development to help alleviate these conditions is effected primarily through investments and decisions made by the private sector. Under the EDA American Recovery Program, EDA will help restore, replace and expand economic activity in regions that have experienced sudden and severe economic dislocation and job loss due to corporate restructuring, and prioritize projects that will diversify the economic base and lead to a stronger, more globally competitive and resilient regional economy. EDA's economic development activities help create jobs by encouraging business inception and growth.
Link to Full Grant Announcement: http://www.eda.gov/pdf/fy09arraffofinal031309.pdf
Grant Announcement Contact: Jamie Lipsey Phone 202-482-3467

jlipsey@eda.doc.gov [jlipsey@eda.doc.gov]
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