Federal / State / Local / Private:
Federal
Responsible Organization:
Economic Development Administration
Contact info:
Hillary Sherman (828) 707-2748 hsherman@eda.gov
Application Criteria:
▪ Overarching Narrative (one per Coalition, please attach to all component projects) ▪ Complete Unique Entity Identifier (UEI) and System Award Management (SAM) Registration ▪ Match Documentation ▪ Organizational Documentation (if applicable) ▪ Documentation of Investment/Policy Commitments ▪ Project-specific package* (required forms and documentation depend on type of project: Construction, Non-Construction, Design & Engineering, RLF – Refer to Table B in NOFO)
See NOFO for comprehensive list
Partnership required?:
Yes
Type of Partnership:
Effective, organized coalitions include key regional stakeholders united around an overarching strategy and vision for the targeted industry. ▪ Coalitions are led by regional stakeholders and must include private sector partners ▪ Coalitions may include other entities such as: ▪ Institutions of Higher Education ▪ State, territory, local, or tribal governments ▪ Economic development organizations ▪ Workforce training organizations ▪ Community-based organizations ▪ Importantly, only eligible applicants may apply for and receive grant funds as recipients and subrecipients
Period of Performance :
EDA anticipates awards will typically have a period of performance of 12 to 48 months. Note: Readiness Path projects may have substantially shorter durations, depending on applicant needs.
Who's Eligible?:
- Economic Development Districts
- Economic development organizations
- Federally recognized tribes
- Institutions of higher education
- Nonprofits
- Public-private partnerships
- State governments
Additional detail on uses:
Coalition-led, multi-project initiatives designed to reshape regional economies through targeted industry development. What are industry transformation grants? -3 to 5 large-scale, coordinated construction and/or non-constructioncomponent projects that together aim to transform the regional economyin communities impacted by major natural disasters.-Investments in regions ready to scale nascent or emerging industries andcatalyze substantial private or public sector investments to acceleratepost-disaster economic recovery.Projects must be located in, primarily serve, or demonstrably benefit one or more communities in areas that received a major disaster designation occurring in calendar years 2023 and 2024.
Award Mechanism:
Competitive
Total funding available:
$1.45 billion (among all three paths)
Match/Cost Share Details:
20%. Matching funds may be apportioned acorss component projects.
Award Selection Criteria:
There are 5 evaluation criteria. The first four account for 2/3 weight of the total score. The weight is divided equally across those 4. The last criteria (performance goals and measures of success) accounts for 1/3 of the total score.
▪ Disaster Recovery and Community Need - Clearly articulates an
understanding of community’s disaster recovery needs
▪ Project Strategy – Project addresses community’s disaster needs and the
objectives of the Industry Transformation Path
▪ Feasibility - Is likely to succeed
▪ Coalition Strength – How well prepared is the coalition
▪ Performance Goals and Measures of Success – Is impactful in driving economic recovery and helping to move the community toward project readiness
Specific Compliance Requirements:
Subject to federal compliance requirements
Procurement:
Federal and state law procurement