Economic Development Administration
Grant at a Glance
Application Deadline: variable Maximum Amount: variable Local Match Required: at least 25%
Economic Development Administration grants are intended to fund large projects that will have a major impact on the region's economy, such as:
- public works
- conversion of defense facilities and support for defense-related industries
- projects to counteract the results of the sudden and severe loss of an employment base
Eligible Projects. Eligible projects will include provision of the infrastructure necessary for economic development to occur, or a proposal to combat sudden and long-term economic distress in communities, providing capital to help private sector business overcome short- and long-term obstacles such as lack of business capital, natural disasters, or plant and defense base closings. Technical assistance for economic development projects is available.
Eligible Applicants. Units of local government, Community Development Corporations, and Industrial Development Agencies may apply for EDA grants.
Amount of Funding. A limited number of grants is available for priority projects having major economic impact through job creation and retention. Funding levels are determined by the federal budget.
Matching Funds / Continuation. All grants require a local match of at least 25%.
Procedure. Application is by invitation from EDA.