EDA FY25 Disaster Supplemental

Through this Disaster NOFO, EDA will award investments in regions experiencing severe economic distress or other economic harm resulting from hurricanes, wildfires, tornadoes, floods, and other natural disasters occurring in calendar years 2023 and 2024. EDA’s goal under this NOFO is to assist communities recovering from a disaster by realizing opportunities to recover and change the economic trajectory of the community for the better. In other words, EDA funding seeks to help communities recover and set them on a path to exceed their previous pre-disaster baseline. EDA seeks projects that are responsive to community needs post-disaster by engaging all aspects of the community, with special focus on private industry partners. This Disaster NOFO provides funding through three pathways: Readiness Path – Standalone non-construction projects designed to increase a community’s readiness to apply for or implement disaster recovery funding from private and public sources including, but not limited to, future EDA NOFOs and the Implementation or Industry Transformation Paths under this NOFO. Projects will fund strategy development, capacity building, and/or predevelopment costs necessary for future recovery projects. Implementation Path – Standalone construction or non-construction projects designed to address the economic challenges faced by a community recovering from a natural disaster and improve economic trajectories beyond pre-disaster economic conditions. Industry Transformation Path – Led by a coalition of regional stakeholders, a portfolio of large-scale, multicomponent construction and non-construction projects designed to fundamentally transform the economic trajectory of a region through the development or acceleration of an industry.

Eligible applicants under the FY25 Disaster program include a(n): District organization of an EDA-designated Economic Development District (EDD); Indian tribe or a consortium of Indian tribes; State, county, city, or other political subdivision of a state, including a special purpose unit of a state or local government engaged in economic or infrastructure development activities, or a consortium of political subdivisions, institution of higher education or a consortium of institutions of higher education; public or private nonprofit organization or association acting in cooperation with officials of a political subdivision of a state; an economic development organization; or a public-private partnership for public infrastructure. EDA is not authorized to provide grants or cooperative agreements to individuals or for-profit entities under this NOFO. Applications from individuals or for-profit entities will not be considered for funding.

For construction and non-construction projects (except proposals for preparation or revision of a CEDS), the following criteria will receive equal weight: i. The project�s feasibility or likelihood that it will achieve its projected outcomes on the proposed schedule; ii. The extent to which the project demonstrates support from and involvement with regional stakeholders, e.g. private, public, and non-profit entities, community-based organizations, workforce development boards, economic development organizations, schools, community colleges, neighborhood and housing associations, and the communities that stand to benefit; iii. The extent to which the project demonstrates resiliency to future sudden and severe economic dislocations, e.g., closures of major local employers, etc.; iv. The extent to which the project is aligned with and integrated into other public or private investments currently ongoing or planned for the community and region; v. The degree of economic distress experienced in the project region; vi. The project�s demonstrated ability to foster job creation and retention, including whether the project will create jobs and registered apprenticeships; vii. The project�s demonstrated ability to promote private investment in the regional economy; and viii. The project�s demonstrated alignment with EDA�s current Investment Priorities as outlined at https://www.eda.gov/funding/investment-priorities. In addition to the above criteria, for workforce projects only,...

This program has no statutory formula. Generally, the amount of the EDA grant may not exceed 60 percent of the total cost of the project. Projects may receive an additional amount that shall not exceed 30 percent, based on the relative needs of the region in which the project will be located, as determined by EDA. In addition, EDA�s regulations allow an investment rate of up to 100 percent for Indian tribes, for a State or political subdivision of a State that can document that it has exhausted its effective taxing and borrowing capacity, or for a non-profit organization that can document that it has exhausted its borrowing capacity.MOE requirements are not applicable to this assistance listing.

Not Applicable.