On December 23, 2016, the U.S. Economic Development Administration (EDA) announced publication of the FY 2017 Economic Development Assistance Programs (EDAP) Federal Funding Opportunity (FFO).
EDA provides strategic investments on a competitive merit basis to support economic development, foster job creation, and attract private investment in economically distressed areas of the United States.
Under this FFO, EDA solicits applications from applicants in order to provide investments that support construction, non-construction, technical assistance, and revolving loan fund projects under EDA’s Public Works and EAA programs. Grants and cooperative agreements made under these programs are designed to leverage existing regional assets and support the implementation of economic development strategies that advance new ideas and creative approaches to advance economic prosperity in distressed communities.
EDA employs a two-phase review process for proposals/applications submitted under this FFO. There are no submission deadlines.
Proposals and applications will be accepted on an ongoing basis until the publication of a new EDAP FFO. Proposals will be reviewed by EDA within 30 days of receipt; and following the proposal review, full applications will be reviewed within 60 days of receipt.