US EDA Releases Notice of Funding Opportunity for the $1.5 Billion CARES Act Appropriation

As EDA’s designated Economic Development District, CDRPC can assist with further information, coordinate meetings with EDA representatives, and in assembling grant applications. Please contact Kate Maynard, AICP at kate.maynard@cdrpc.org for more information.

Full details see: https://www.eda.gov/coronavirus/
The Notice of Funding Opportunity for EDA’s CARES Act Recovery Assistance is designed to provide a wide-range of financial assistance to communities and regions as they respond to, and recover from, the impacts of the coronavirus pandemic.

EDA provides investments that support a wide range of non-construction and construction activities including:
Planning and Technical Assistance
Construction of infrastructure and other economic development projects
Innovation grants

Project Cost
Application can include a funding request from $100,000 to $30,000,000

Project Cost Sharing
80% Federal share of project, 20% local match anticipated. However, special circumstances can be considered for up to 100%.

Eligible Applicants
Eligible applicants include a(n):
a. State, county, city, or other political subdivision;
b.; Institution of higher education or a consortium of institutions of higher education;
d. Indian Tribe or a consortium of Indian Tribes; or
e. Public or private non-profit organization or association acting in cooperation with officials of a political subdivision of a State.

To be eligible for funding under EDA’s CARES Act Recovery Assistance, applicants must explain clearly in their application how the proposed project would “prevent, prepare for, and respond to coronavirus” or respond to “economic injury as a result of coronavirus.”

CARES Act Recovery Assistance Projects

Examples of projects that may be funded through CARES Act Recovery Assistance include:
Economic recovery planning and preparing technical strategies to address economic dislocations caused by the coronavirus pandemic,
Preparing or updating resiliency plans to respond to future pandemics,
Implementing entrepreneurial support programs to diversify economies, and
Constructing public works and facilities that will support economic recovery, including the deployment of broadband for purposes including supporting telehealth and remote learning for job skills.

Consistency with Comprehensive Economic Development Strategy (CEDS)– Project needs to be consistent with the current CEDS for the Capital Region. CDRPC as the EDA’s Economic Development District coordinates and administers the CEDS for the Capital Region, please contact Kate Maynard, AICP for additional information.

You can learn more about the current CEDS plan on our website here.