Economic Development Administration Tonia R. Williams ... EDA Tonia Williams NALGEP.pdf · Quick...
Transcript of Economic Development Administration Tonia R. Williams ... EDA Tonia Williams NALGEP.pdf · Quick...
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Economic Development Administration
Tonia R. Williams, CEcD –Area Director
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Agenda
• Mission
• Quick Facts about the EDA
• Eligible Applicants
• Overview of Programs and Funding Priorities
• Comprehensive Economic Development Strategy (CEDS)
• Economic Distress Criteria
• Application Cycles
• Q & A
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EDA’s Mission
To lead the federal economic development agenda by promoting
innovation and competitiveness, preparing American regions for growth and success in the world
wide economy
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Quick Facts About the Economic Development Administration
• EDA established in 1965
• Bureau of the U.S. Department of Commerce
• Six Regional Offices nationwide
• Philadelphia Regional Office (PRO) covers 13 states, the District of Columbia, Puerto Rico and the USVI
• Annual investment budget of $250 M
• $1.5 B in investments at any given time
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Eligible Applicants
• States and units of local governments
• Indian Tribes
• Economic Development Districts
• Public and private not-for profit organizations*
• Universities and institutions of higher education
* acting in cooperation with local gov’t
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EDA’s Programs
Public Works
Economic Adjustment Assistance**
Short-Term Planning*
Local Technical Assistance*
University Centers (Competition)
* Does not require economic distress
** Interagency collaborative competitions
INNOVATION. REGIONAL COLLABORATION. JOB CREATION.
“Economics of Entrepreneurialism, Wealth and Globalization”
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Programs of the EDA
• Public Works and Development Facilities: Support the construction , expansion or upgrade or upgrade of essential public infrastructure and facilities
• Economic Adjustment Assistance : Assist in the design and implementation of strategies (e.g., strategy development , infrastructure construction, revolving loan fund capitalization) in communities and regions that have experienced or are under the threat of serious damage to the underlying economic base
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Programs of the EDA
• Planning: Supports local organizations (Economic Development Districts, Indian Tribes, and other eligible areas) with long-term-planning effort
• Local Technical Assistance: Focused on assistance provided to public and non profit organizations to help in economic development decision making (e.g., project planning, feasibility studies)
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Programs of the EDA
• University Centers: A partnership of the federal government and academia that makes the varied and vast resources of universities available to the economic development community
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Funding Priorities
• Collaborative Regional Innovation
• Public/Private Partnerships
• National Strategic Priorities (clean energy, green technology, sustainable manufacturing, innovation in science, health care, alternative fuel technologies
• Global competitiveness
• Economically sustainable development
• Economically distressed and underserved communities
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Investment Policy Guidelines
• Market based and results driven
• Strong organizational leadership
• Advance productivity, innovation and entrepreneurship
• Anticipates economic changes and diversify the local and regional economy
• High degree of commitment
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Comprehensive Economic Development Strategy
• Economic Development Districts develop and maintain Comprehensive Economic Development Strategies (CEDS) that provide road maps for their regional economies and funds critical economic development projects across those regions
• Proposed projects must be consistent with the CEDS (or an EDA approved equivalent)
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Economic Distress Criteria
• Unemployment (at least 1% higher than the national average)
• Per capita income (80% or less than the national average)
• Special Need (job loss, natural disasters, military base closures, depletion of natural resources, population loss)
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EDA’s Application Cycles
• Public Works and Economic Adjustment Assistance
– Quarterly competitions (Dec., Mar., Jun., Oct.)
– Local share match (varies based upon economic distress)
– Evidence of economic distress
– CEDS requirement
– Environmental and Engineering (construction requests)
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EDA’s Application Cycle
• Planning and Local Technical Assistance
– rolling basis
– local share match (50/50)
– CEDS requirement
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Q & A
Thank you!
For more information:
www.eda.gov