The Economic Development Administration (EDA) has announced the general policies and application procedures for grant-based investments under the Planning and Local Technical Assistance Programs.
These programs are designed to help communities develop the planning and technical expertise to support communities and regions in their comprehensive, entrepreneurial, and innovation-based economic development efforts. Resulting in increased private investment and higher-skill, higher-wage jobs in areas experiencing substantial and persistent economic distress, these programs are designed to enhance the competitiveness of regions.
As of November 26, 2010, the full amount of FY 2011 appropriations is not available since EDA is operating under the authority of the FY 2011 CR. The CR allocates funding based on FY 2010 funding levels, but on a pro-rated basis, until the enactment of the FY 2011 appropriations. Assuming EDA receives FY 2011 appropriations of approximately the same level as in FY 2010, there is estimated a $255,000,000 available for the economic development assistance programs authorized under PWEDA: Public Works and Economic Development Facilities Program; Economic Adjustment Assistance; GCCMIF; Planning; Local Technical Assistance; University Center Economic Development Program; and Research and National Technical Assistance.
The November 26, 2010 FEDERAL REGISTER provides full background and instructions for the development and submission of applications under the Planning and Local Assistance Programs.
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