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United States Department of Commerce ECONOMIC DEVELOPMENT ADMINISTRATION Denver Regional Office The mission of EDA is to lead the federal economic development.

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Presentation on theme: "United States Department of Commerce ECONOMIC DEVELOPMENT ADMINISTRATION Denver Regional Office The mission of EDA is to lead the federal economic development."— Presentation transcript:

1 United States Department of Commerce ECONOMIC DEVELOPMENT ADMINISTRATION Denver Regional Office The mission of EDA is to lead the federal economic development agenda by promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy.

2 EDA Denver Region

3 Eligibility Less than 80% of the US Average Per Capita Income per the most recent data from US Census or US BEA Less than 80% of the US Average Per Capita Income per the most recent data from US Census or US BEA Unemployment at least 1% above the US Average for the most recent 24- months per Census or BLS Unemployment at least 1% above the US Average for the most recent 24- months per Census or BLS

4 Special Need Plant closing or major job losses Plant closing or major job losses Natural disaster Natural disaster Underemployment Underemployment Industry sector downturn Industry sector downturn Other Other

5 1. Public Works – (FY $13M) Empowers distressed communities to revitalize, expand and upgrade their physical infrastructure to attract new industry, encourage business expansion, diversify local economies, and generate or retain long-term, private sector jobs and investment. Wind River Development Fund, Fort Washakie, WY –Awarded $900,000 in 2007 for an Entrepreneurship Center –An additional award of $881,272 the following year –To house and encourage Tribal start-up and existing businesses

6 2. Economic Adjustment – (FY $5M) The Economic Adjustment Program assists state and local interests to design and implement strategies to adjust or bring about change to an economy. The program focuses on areas that have experience or are under threat of serious structural damage to the underlying economic base. Casper College, WY –Awarded $25,000 in 2008 for an Incubator Business Plan –Develop a strategy and business plan for the development of the Casper Area Business Innovation Center –Natrona County was under drought disaster declaration

7 3. Local Technical Assistance – (FY $200K) The Local Technical Assistance Program helps fill the knowledge and information gaps that may prevent leaders in the public and non-profit sectors in distressed areas from making optimal decisions on local economic development issues.

8 Campbell County Econ. Dev. Corp., Gillette, WY Awarded $40,000 in 2003 for a one- stop Business Development Center Awarded $40,000 in 2003 for a one- stop Business Development Center Planning for a Business Development Center to include a small business incubator facility and training center. Planning for a Business Development Center to include a small business incubator facility and training center. To determine the size of the facilities, the infrastructure necessary to support the facilities, and estimate the cost of construction To determine the size of the facilities, the infrastructure necessary to support the facilities, and estimate the cost of construction

9 4. Partnership Planning – (FY $5M) EDA Partnership Planning programs help support local organizations (Economic Development Districts, Indian Tribes, and other eligible areas) with their long-term planning efforts and their outreach to the economic development community on EDA programs and policies.

10 EDA Planning Partnership Grants EDA provides Planning Partnership grants to 3 Economic Development Districts in Wyoming: EDA provides Planning Partnership grants to 3 Economic Development Districts in Wyoming: High Plains EDD, Big Horn Mountain Coalition, Northeast Wyoming EDC These annual grants usually average about $60,000 per year These annual grants usually average about $60,000 per year

11 Short Term Planning Grants – (FY $425K) Develop Comprehensive Economic Development Strategy (CEDS) Develop Comprehensive Economic Development Strategy (CEDS) Co-applicants were: Northeast WY EDC, Cheyenne – Laramie County, Yellowstone Dev. Dist., Carbon County EDC, Laramie Econ. Dev. Corp., Big Horn Mountain Coalition, Sweetwater Econ. Dev. Assoc., Eastern WY Dev. Dist. Co-applicants were: Northeast WY EDC, Cheyenne – Laramie County, Yellowstone Dev. Dist., Carbon County EDC, Laramie Econ. Dev. Corp., Big Horn Mountain Coalition, Sweetwater Econ. Dev. Assoc., Eastern WY Dev. Dist.

12 5. University Centers – (FY $1.3M) The University Center Program is a partnership of the federal government and academia that makes the varied and vast resources of universities available to the economic development community. University of Wyoming – WY Technology Business Center Technical Assistance and applied research

13 APPLICATION REQUIREMENTS: APPLICATION REQUIREMENTS: Each applicant must submit: Standard Form SF-424 Standard Form SF-424 EDA Application, Form ED900 – available at or contact the EDR Representative EDA Application, Form ED900 – available at or contact the EDR Representativewww.grants.gov Dun and Bradstreet Data Universal Number - DUNS Number Complete information on the OMB regulation, as well as instructions for obtaining a DUNS, can be found at Dun and Bradstreet Data Universal Number - DUNS Number Complete information on the OMB regulation, as well as instructions for obtaining a DUNS, can be found at Central Contractor Registration Number – CCR Number - obtained at: for projects over $25,000. Central Contractor Registration Number – CCR Number - obtained at: for projects over $25,000.www.ccr.gov Please use the correct Federal Funding Opportunity Notice located on EDA’s web site at Please use the correct Federal Funding Opportunity Notice located on EDA’s web site at is strongly recommended is strongly recommended

14 EDA FUNDING PRIORITIES: Priority will be given to proposals that… Within the parameters of a competitive grant process, all projects are evaluated to determine if they advance global competitiveness, create jobs, leverage public and private resources, can demonstrate readiness and ability to use funds quickly and effectively and link to specific and measureable outcomes. To facilitate evaluation EDA has established the following investment priorities: Within the parameters of a competitive grant process, all projects are evaluated to determine if they advance global competitiveness, create jobs, leverage public and private resources, can demonstrate readiness and ability to use funds quickly and effectively and link to specific and measureable outcomes. To facilitate evaluation EDA has established the following investment priorities: 1. Collaborative Regional Innovation 1. Collaborative Regional Innovation 2. Public/Private Partnerships 2. Public/Private Partnerships 3. National Strategic Priorities 3. National Strategic Priorities 4. Global Competitiveness 4. Global Competitiveness 5. Environmentally-Sustainable Development 5. Environmentally-Sustainable Development 6. Economically Distressed and Underserved Communities 6. Economically Distressed and Underserved Communities

15 Brainstorming your idea…. Contact your Economic Development Representative – John Rogers (406) – Know how much you need – estimate amount of money needed Identify all project costs – construction, operations, long-term maintenance Project should be developed as a result of a long term strategy rather than a short-term “whim” Develop your idea working from “general” to “specific”

16 Involving Multiple Agencies One-on-one discussions with each agency to determine which ones may have assistance for your project Ask the agencies you are talking to if they are aware of other programs or methods of providing funding Ask the relevant agencies to participate in a face-to-face meeting to discuss your project or “conference in” those who cannot attend

17 Come Prepared to your Meeting with funders Provide information succinctly Know what your needs are Have estimates of costs (best available) Provide information as to the expected outcomes of your project Ask funders how their programs might contribute to your project Ask funders for their advice and be prepared to heed it Leave the meeting with a clear path for proceeding Develop a plan of action for going forward with your project Follow-up on that plan of action

18 EDA’s Application Process Construction grants application deadlines are quarterly – on March 1?, July 1, October 1, January 1? Non-Construction Grants (Planning and Technical Assistance “open-season”) or download and submit hard copies “Prepare your application using the program criteria contained in the latest Federal Funding Opportunity Notice” Located on EDA’s web site:

19 When you apply, a project must be ready to go. The application must be complete and you must explain the need for the project and the expected results. The application must be complete and you must explain the need for the project and the expected results. Funds are limited and it is competitive Funds are limited and it is competitive

20 Some “Do’s and Don’ts” Do provide all the materials requested in the application Don’t refer the reviewer to another document – the reviewer is not responsible for hunting down your material for you Do be succinct but thorough in your narrative Don’t add a lot of useless verbiage Do address the program criteria – describe how your project will address them

21 Contact: Jodi Duncan, Program Specialist Jodi Duncan, Program Specialist West Area Team West Area Team John Rogers, Economic Development Representative John Rogers, Economic Development Representative West Area Team

22 3. Research & National Technical Assistance (FY $1.1M) The Research and National Technical Assistance Program supports research for leading edge, world class economic development practices, as well as funds information dissemination efforts. Project Examples include: Projects for expansion of data research, curriculum dissemination, best practices on innovation, and innovation networks

23 7. Trade Adjustment Assistance – (FY $20M) EDA uses a national network of twelve Trade Adjustment Assistance Centers to help manufacturers and producers affected by increased imports prepare and implement strategies to guide their economic recovery.

24 Rocky Mountain Trade Adjustment Assistance Center (RMTAAC) Affiliated with the Business Research Division of the Leads School of Business and the University of Colorado at Boulder. Affiliated with the Business Research Division of the Leads School of Business and the University of Colorado at Boulder. Website: Website: Areas served: Colorado, Nebraska, New Mexico, North Dakota, South Dakota, Utah, Wyoming Areas served: Colorado, Nebraska, New Mexico, North Dakota, South Dakota, Utah, Wyoming


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