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EDA provides direct grants, on a
cost-share basis, for projects that will create and retain private-sector jobs and leverage public and private investment in
distressed areas. EDA provides community and regional economic development assistance for the following program activities: 1) Planning and Technical
Assistance to build local
capacity for economic development programs and projects.This includes
assistance for local, State and regional planning organizations that
target distressed rural and urban communities, and for University
Centers and other projects that provide technical support for economic
development. 2) Public Works and
Development Facilities to
support industrial, commercial, and technology-based employment in
eligible areas experiencing significant economic distress. These
projects will diversify the local economy and improve conditions for
sustained economic growth. Examples include grants to improve or
develop transportation facilities, water and sewer systems for
industrial use, industrial parks and buildings, business incubators and
technology training centers, telecommunications facilities and research
parks. 3) Economic Adjustment
Assistance to address severe
economic dislocations, natural disasters, or other special needs. In
addition, grants may be used to establish revolving loan funds for
business retention, expansion or new enterprise development. Funds are
expected to leverage other public and private capital for strategic
investments in local capital markets.
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| New Investments & GrantsDepartment of Commerce |
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