For increased transparency and to enhance the competitive process, beginning in FY 2011, EDA will review applications in accordance with four funding cycles and will have deadlines for the submission of applications, which are: (1) December 15 for funding cycle 1; (2) March 10 for funding cycle 2; (3) June 10 for funding cycle 3; and (4) September 15 for funding cycle 1 of FY 2012.

EDA's Economic Development Assistance Programs are designed to provide distressed communities and regions with comprehensive and flexible solutions to a wide variety of economic impacts. Under EDA's Economic Development Assistance Programs there are 8 sub-programs. They are: (1) Public Works and Economic Development Facilities Program; (2) Economic Adjustment Assistance Program; and (3) Global Climate Change Mitigation Incentive Fund Program (GCCMIF); (4) Planning; (5) Partnership Planning; (6) Local Technical Assistance; (7) University Center; and, (8) Research and National Technical Assistance. This summary, and it's corresponding guidance describe sub-program areas 1, 2, and 3. Another guidance will be released describing program details for sub-programs 4, 5, 6, 7, and 8. The programs are designed to support local and regional economic development efforts to establish a foundation for durable regional economies throughout the United States. (1) Public Works and Economic Development Facilities Program - EDA will provide strategic Public Works investments to support the construction or rehabilitation of essential public infrastructure and facilities to help communities and regions leverage their resources and strengths to create new and better jobs, drive innovation, become centers of competition in the global economy, and ensure resilient economies. For example, EDA may provide funding to a consortium of District Organizations to support the construction of a technology center that provides laboratory, office, and manufacturing space and leverages the resources of local universities, entrepreneurial networks, and the District Organizations themselves to provide comprehensive assistance to technology-oriented businesses with significant growth potential. As another example, EDA may provide funding to a State-established non-profit to expand a rural economic development center, allowing the center to increase its capacity to provide services to the State's most underserved and vulnerable communities and small businesses. (2) Economic Adjustment Assistance Program - Through the Economic Adjustment Assistance Program, EDA provides a wide range of construction and non-construction assistance, including public works, technical assistance, strategies, and revolving loan fund (RLF) projects, in regions experiencing severe economic dislocations that may occur suddenly or over time. This program is designed to respond flexibly to pressing economic recovery issues and is well suited to help address challenges faced by U.S. communities and regions. For example, EDA might provide funding to a university or community college to launch a Regional Innovation Cluster (RIC) strategy that supports or provides technical assistance to smaller manufacturers to promote the growth of varied industrial clusters, stem job losses in manufacturing businesses as a result of foreign competition, accelerate the commercialization of research, support high-growth entrepreneurship, and promote the successful diversification of the region's economy. As another example, EDA might provide funding to a city for the construction of a multi-tenant business and industrial facility to house early-stage businesses that successfully graduate from a business incubator that EDA also funded. EDA will continue to consider applications from communities experiencing adverse economic changes due to base realignment and closures (BRAC) and Federally declared disasters when awarding assistance from FY 2011 Economic Adjustment Assistance Program funds. EDA will help American workers, businesses, and communities affected by military base closures or realignments, defense contractor reductions in force, defense-related funding reductions, Federally declared disasters or economic deterioration due to other disasters, by providing assistance for planning, coordinating the use of Federal resources available to support economic development recovery, and developing regionally focused economic recovery and growth strategies. (3) Global Climate Change Mitigation Incentive Fund - From amounts otherwise made available for the Economic Development Assistance Programs authorized by PWEDA, EDA generally allocates funds for the GCCMIF to support projects that foster economic competitiveness while enhancing environmental quality. EDA anticipates that these funds will be used to advance the green economy by supporting projects that create jobs through and increase private capital investment in initiatives to limit the nation's dependence on fossil fuels, enhance energy efficiency, curb greenhouse gas emissions, and protect natural systems. GCCMIF assistance is available to finance a variety of sustainability focused projects, including renewable energy end-products, the greening of existing manufacturing functions or processes, and the creation of certified green facilities. For example, EDA might provide funding to a non-profit working in cooperation with a county to construct a technology-focused business incubator that achieves platinum status under the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) rating system and to expand job training opportunities in industrial and green technologies. EDA might also support a community college in establishing a commercialization center to accelerate the marketability of clean-tech innovations. As another example, EDA might provide funding to a regional council of governments to study the feasibility of establishing a renewable energy manufacturing cluster and a program to transition existing manufacturing firms to support the cluster. An applicant seeking funding for an eligible project that will be funded exclusively or mostly from the GCCMIF should apply in the same manner that it would apply for Economic Adjustment Assistance Program funding. The applicant must include in the project narrative a detailed explanation of how the proposed project will help advance the goals of the GCCMIF.

In FY10, approximately $240,000,000 was appropriated for this program. Of that amount, $196,972,592 was available for the Public Works and Economic Development Facilities Program, Planning Program, Local Technical Assistance Program, and the Economic Adjustment Assistance Program.

Varies

FY11 Guidance: http://www.eda.gov/PDF/FY%202011%20EDAP%20FFO-FINAL.pdf

Name: H. Philip Paradice, Jr., Regional Director

Department: Atlanta Regional Office

Street: 401 West Peachtree Street, NW

Suite 1820

City: Atlanta

Zip: 30308-3510

Email: pparadice@eda.doc.gov

Fax: (404) 730-3025