Through its competitive grant process, EDA evaluates all project applications to determine the extent to which they:
- Align with EDA’s investment priorities,
- Effectively address the creation and/or retention of high-quality jobs,
- Document that the applicant can or will leverage other resources, both public and private, and
- Demonstrate the applicant’s capacity to commence the proposed project promptly, to use funds quickly and effectively, and provide a clear scope of work that includes a description of specific, measureable project outputs.
EDA’s investment priorities are designed to provide an overarching framework to guide the agency’s investment portfolio to ensure its investments contribute the strongest positive impact on sustainable regional economic growth and diversification. Competitive applications will be responsive to the evaluation criteria listed under each individual funding announcement, including at least one of the following investment priorities: