Unlock Funds for Business Growth & Job Creation
Summary
This grant is for businesses and communities in economically distressed areas looking to create jobs and attract investment. Funds are available for construction, non-construction projects, and revolving loan funds to boost regional economic strategies.
Eligibility
Full Description
As noted above, EDA supports development in economically distressed areas of the United States by fostering job creation and attracting private investment. Specifically, under the FFO, EDA will consider construction, non-construction, and revolving loan fund investments under the Public Works and Economic Adjustment Assistance programs. Grants made under these programs will leverage regional assets to support the implementation of regional economic development strategies designed to create jobs, leverage private capital, encourage economic development, and strengthen America’s ability to compete in the global marketplace. Under the FY 2012 FFO, EDA solicits applications from rural and urban communities to develop initiatives that advance new ideas and creative approaches to address rapidly evolving economic conditions.Please see the FY 2012 FFO, to which a link is provided below, for more information on EDA’s programs and the agency’s new process.
Contact the applicable regional office listed in section X. of the FFO if you have any questions on EDA’s process.