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A bureau within the U.S. Department of Commerce
Funding Opportunities Background

Funding
Opportunities

Previous Funding Opportunities

FDI and Trade: International Engagement Ready Communities

The U.S. Department of Commerce has announced the availability of funding for the FY 2017 International Engagement Ready Communities Competition. This $600,000 program seeks to help drive foreign direct investment (FDI) in U.S. communities with diverse economic development needs by enhancing their FDI attraction and export promotion efforts. Through this program, the U.S. Economic Development Administration (EDA), SelectUSA, and the Trade Promotion Coordinating Committee (TPCC) will support empirical research on successful international engagement strategies and develop best practice reports and a competitiveness assessment tool. These elements will be incorporated into a user-friendly economic development organization (EDO) toolkit and training guide to help local communities assess and increase their ability to become globally competitive while enhancing their trade and FDI promotion activities. Eligibility is open to organizations engaged in economic or infrastructure development opportunities, including state and local governments, Tribal organizations, institutions of higher learning, and other related public or private organizations or associations.

Grant applications are due by June 12. For more information about how to apply, visit: https://www.grants.gov/web/grants/view-opportunity.html?oppId=293705, or contact: RNTA@eda.gov.

Current Closing Date for Applications: June 12, 2017

Regional Innovation Strategies Program Competition

EDA’s Office of Innovation and Entrepreneurship (OIE) leads the Regional Innovation Strategies (RIS) Program. Under the RIS Program, the centerpiece of the Regional Innovation Program authorized under Section 27 of Stevenson-Wydler (15 U.S.C. § 3722), EDA currently awards grants that build regional capacity to translate innovations into jobs (1) through proof-of-concept and commercialization assistance to innovators and entrepreneurs and (2) through operational support for organizations that provide essential early-stage risk capital to innovators and entrepreneurs. The RIS Program consists of two separate competitions: the i6 Challenge and Seed Fund Support (SFS) Grants competition. The i6 Challenge is a leading national initiative designed to support the creation of centers for innovation and entrepreneurship that increase the rate at which innovations, ideas, intellectual property, and research are translated into products, services, viable companies, and, ultimately, jobs. Through the SFS Grants competition, EDA provides funding for technical assistance to support the creation, launch, or expansion of equity-based, cluster-focused seed funds that invest regionally-managed risk capital in regionally-based startups with a potential for high growth.

Current Closing Date for Applications: The 2017 RIS Program’s application period closed on June 23, 2017. EDA expects to announce awardees later this year.

FY 2017 EDA University Center Economic Development Program Competition

This FFO announces the availability of funding for EDA’s FY 2017 University Center Economic Development Program Competition. This program funds technical assistance provided by an accredited institution of higher education that is focused on advancing regional commercialization efforts, entrepreneurship, innovation, business expansion in a region’s innovation cluster(s), and a high-skilled regional workforce. EDA solicits competitive applications from accredited institutions of higher education and from consortia of accredited institutions of higher education that are located in and have programs targeting only geographic areas served by EDA’s Atlanta and Seattle Regional Offices.

Current Closing Date for Applications: March 20, 2017

FY 2016 Economic Development Assistance Programs Application submission and program requirements for EDA’s Public Works and Economic Adjustment Assistance programs

Under this FFO, EDA solicits applications from applicants in rural and urban areas to provide investments that support construction, non-construction, technical assistance, and revolving loan fund projects under EDA’s Public Works and EAA programs. Grants and cooperative agreements made under these programs are designed to leverage existing regional assets and support the implementation of economic development strategies that advance new ideas and creative approaches to advance economic prosperity in distressed communities. EDA provides strategic investments on a competitive- merit-basis to support economic development, foster job creation, and attract private investment in economically distressed areas of the United States.

Current Closing Date for Applications: There are no submission deadlines under this opportunity. Proposals and applications will be accepted on an ongoing basis until the publication of a new EDAP FFO.

FY 2016 EDA University Center Economic Development Program Competition (Closed)

This FFO announces the availability of funding for EDA’s FY 2016 University Center Economic Development Program Competition. This program funds initiatives that are focused on advancing regional commercialization efforts, entrepreneurship, innovation, business expansion in a region’s innovation cluster, and a high-skilled regional workforce. EDA solicits competitive applications from accredited institutions of higher education and from consortia of accredited institutions of higher education that are located in and have programs targeting only geographic areas served by EDA’s Chicago and Philadelphia Regional Offices.

Current Closing Date for Applications: May 31, 2016

Integrating Economic Development Across the Federal Government (Closed)

EDA is seeking applications for a one (1) year cooperative agreement to conduct research and analysis that results in tools for better aligning and integrating federal economic development programs. A core piece of this work will involve the creation and delivery of comprehensive, useable economic development program content that will facilitate access to and maximize the efficiency of such programs. Ultimately, such tools will permit communities seeking federal and other assistance to achieve their economic development objectives. Applicants should describe how they would develop and deliver comprehensive information, including an inventory of federal economic development programs and related content that identifies and clearly delineates the parameters for all economic development programs administered by all federal agencies. At a minimum, parameters for each program must include eligibility, typical uses, complementary uses, target applicant type, the types of activities supported by the program, other funding requirements or constraints and the outputs and outcomes expected by the programs. The ideal inventory would use the lens of EDA's logic model to identify how four key areas of economic development capacity are advanced through the identified federal economic development programs. Additionally, research and analysis will be conducted to explore the extent to which EDA's Comprehensive Economic Development Strategies (CEDS) process could fulfill or better align with the economic/community/workforce development planning requirements of other Federal economic development programs. See section I.C of this FFO. Recommendations are sought for improved alignment of planning requirements across such programs.

Current Closing Date for Applications: Jan 13, 2016

Innovative Metrics for Economic Development – Proof of Concept Study (Closed)

EDA seeks applications to develop and test measures, metrics, indicators, and methodologies to help the agency more effectively assess, evaluate, and report on the full impact of its economic development investments on regional economies across the Nation. Proposals must discuss how robust indicators and metrics will be identified; establish appropriate program metrics for EDA investments and validate the statistical relationship between grant outputs and outcomes (capacity building) and realized (economic growth, competitiveness and sustainability) outcomes. EDA is particularly interested in appropriate program metrics for non-construction, innovation-supporting programs. Models must include testing on EDA grantees, an impact analysis design and how a valid statistical methodology will corroborate that the proposed metric model works. All metrics should be consistent with EDA’s logic model. Deliverables will include an implementation toolkit accessible to EDA staff with operational recommendations in addition to reports establishing proven metrics, supporting analysis and statistical corroboration.

Current Closing Date for Applications: Aug 21, 2015