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EDA: PWEAA FY 2020

EDA Public Works and Economic Adjustment Assistance Programs including CARES Act Funding Summary

Post Date:04/26/2020 4:43 PM

On May 7, 2020 the EDA announced the inclusion of CARES Act funding as an addendum to their FY 2020 Public Works and Economic Adjustment Assistance Program. Successful applications will enable affected communities to respond to the impacts of the coronavirus pandemic by supporting affected businesses and communities through technical assistance to retain existing employees and hire new employees; by providing training and workforce development projects to help employees compete for high-quality jobs; and by developing and implementing strategies to diversify regional economies that create jobs in new or existing industries.

The CARES addendum allows applicants to apply for projects aligned with EDA Investment priorities under a “special need criteria” by linking to the national disaster declaration. Additionally, projects must be consistent with the region’s current Comprehensive Economic Development Strategy (CEDS). Eligible projects include non-construction and construction activities (including revolving loan funds), and projects that qualify for other EDA funding such as Public Works, Research and National Technical Assistance, Planning, Local Technical Assistance, University Centers, and Build to Scale. Some examples of eligible projects are economic recovery planning, technical response strategies, resiliency plans (and updates), entrepreneurial support programs, construction of public works and facilities, deployment of broadband and broadband planning. The Atlanta Region’s share of CARES Act funding is $248,000,000.

Applicants are encouraged to apply for funding between $100,000 - $30,000,000. The extent to which a proposed project responds to needs caused by the coronavirus pandemic is one factor that EDA will consider when evaluating applications for funding. When applying for this funding using the ‘special need’ criteria, EDA will fund 80% to 100% of the eligible project cost. Any percent above 80% requires a special determination by the Regional Office. Some examples of this special determination include: an applicant that has exhausted its effective taxing or borrowing capacity, the extent of the impact of the coronavirus pandemic on the region, and whether the region meets other thresholds for elevated need based on economic distress.

To review more funding material, please visit: grants.gov

How can PTRC help?

Please contact Piedmont Triad Regional Council Economic Development District contact David Putnam at dputnam@ptrc.org or 336 904-0300 if you need assistance with completing an application.

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