As noted above, EDA supports development in economically distressed areas of the United States by fostering job creation and attracting private investment.
Specifically, under the FFO, EDA will consider construction, non-construction, and revolving loan fund investments under the Public Works
credit:
and Economic Adjustment Assistance programs.
Grants made under these programs will leverage regional assets to support the implementation of regional economic development strategies designed to create jobs, leverage private capital, encourage economic development, and strengthen Americas ability to compete in the global marketplace.
Under the FY 2012 FFO, EDA solicits applications from rural and urban communities to develop initiatives that advance new ideas and creative approaches to address rapidly evolving economic conditions.Please see the FY 2012 FFO, to which a link is provided below, for more information on EDAs programs and the agencys new process.
Contact the applicable regional office listed in section X.
of the FFO if you have any questions on EDAs process.