EDA Resources for Economic Development Grant Resources 101 Workshop Port St. Joe, Florida July 23, 2019

Topics EDA Overview EDA Investment Programs Grant Considerations/Resources Sample Funded Projects Q & A

EDA Overview

Mission Statement EDA’s mission – to lead the federal economic development agenda by promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy. EDA is an small agency within the U.S. Department of Commerce with an annual budget of approximately $250M (fluctuating in recent FYs) EDA is predominantly a grant-making agency

Fulfilling EDA’s Mission Investments in infrastructure, capacity building and business development that attract private capital investments and high quality jobs to Regions experiencing substantial and persistent economic distress. EDA fulfills its mission through a variety of funding programs with investments in infrastructure, capacity building and business development. Investments in economically distressed regions that attract private investment and higher-skill, higher-wage jobs remain the core of what we do.

Eligible Applicants State, county, city or other political subdivision of a State District Organizations (Economic Development Districts) Indian Tribes Colleges and Universities Non-profit organizations* *Requires local government support

Regional Offices Seattle Chicago Philadelphia Denver The majority of EDA’s work is done through the regional offices. There are six across the country and include territories not shown on the map. (Caribbean – Philadelphia; Pacific – Seattle) Austin Atlanta EDA has 6 Regional Offices and approximately 200 staff nationwide

EDA Video https://youtu.be/xxgD2DK https://www.youtube.com/embed/xxgD2DKrSXo

EDA Investment Programs

EDA Investment Programs Public Works Program—Supports the construction, expansion or upgrade of essential public infrastructure and facilities. Economic Adjustment Assistance Program—Provides a wide range of technical, planning, and public works and infrastructure assistance in regions experiencing adverse economic changes that may occur suddenly or over time. Planning Program Regional Innovation Strategies Trade Adjustment Assistance for Firms University Centers Research and National Technical Assistance Local Technical Assistance Program Regional Innovation Strategies – Spurs innovation capacity-building activities by creating and expanding cluster- focused proof-of-concept and commercialization programs and early- stage seed capital funds. Trade Adjustment Assistance for Firms – A national network of 11 Trade Adjustment Assistance Centers to help strengthen the competitiveness of American companies that have lost domestic sales and employment because of increased imports of similar goods and services.

EDA Investment Programs Construction Infrastructure improvements Specialized facilities (R &D/Technology) Business incubators Workforce training facilities Other Non-Construction Disaster recovery strategies Target industry studies Revolving loan funds Sample projects funded include: Water and sewer system improvements Industrial park infrastructure High tech shipping and logistics facilities Business incubators and accelerators Brownfield redevelopment Economic diversification strategies Site-specific feasibility studies Capitalization of Revolving Loan Funds (RLFs)

EDA investments Create Jobs and Leverage Private Funds Job Creation EDA investments Create Jobs and Leverage Private Funds ★ EDA provides economic tools and seed investments to state and local governments, tribal organizations, universities, and non-profits in communities and regions suffering from severe economic distress ★ EDA targets its investments to attract private investment and support long-term job creation ★ EDA investments are focused on locally-developed, regionally-owned economic development strategies that directly contribute to economic development ★ EDA is helping communities compete in the 21st century by making catalytic investments that support regional competitiveness, innovation, and entrepreneurship

Does EDA require a cost share? Matching Does EDA require a cost share? Generally, the amount of EDA grant may not exceed 50% of the total cost of the project. Cash or in-kind contributions may provide the non-Federal share requirement of the total project cost. Examples of non- Federal share sources include applicant contributions, State and local grants and loans, general obligation bonds, and other public and private contributions. In-kind contributions may consist of assumptions of debt or contributions of space, equipment and services. All in-kind contributions must be eligible project costs.

Economic Distress Criteria For Public Works and Economic Adjustment Assistance investments… A project must be located in a region that, on the date EDA receives the application for investment assistance, meets one or more of the following distress criteria: a 24-month unemployment rate that is at least one percentage point greater than the national average 24 month unemployment rate; OR Per capita income that is 80% or less than the national average per capita income; OR Special Need, as determined by EDA For Special Need, a project is eligible for Special Need if the project is located in a region that meets one of the following criteria: Closure or restructuring of industrial firms or loss of a major employer essential to the regional economy. A region has experienced either: An actual closure or restructuring of a firm(s) within the past 12 months prior to application, resulting in sudden job losses A threat of closure that results from a public announcement of an impending closure or restructuring of a firm(s) expected to occur within 2 years of application Losses meet the dislocation criteria Substantial out-migration or population loss. Underemployment. Military base closures or realignments, defense contractor reductions in force or Dept of Energy defense, related funding reductions Natural or other major disasters or emergencies Extraordinary depletion of natural resources Negative effects of changing trade patterns

Application packages available electronically at www.grants.gov Applying for Funds Application packages available electronically at www.grants.gov Applications must be submitted electronically via www.grants.gov.* Public Works and Economic Adjustment – Rolling application process – no deadlines Short Term Planning and Local Technical Assistance – may apply at any time – no deadlines If you are considering submitting an application, please be sure to review the applicable FFO for that program. The instructions for what constitute a complete application have changed. So, it will be important for you to follow the FFO instructions. *Hard copy submissions are allowed under the Disaster Supplemental.

Grant Considerations Water and sewer improvements Industrial parks High-tech shipping and logistics facilities Workforce training facilities Business incubators and accelerators Multi-tenant manufacturing facilities Wet labs

Grant Considerations Develop your project first: Scope of Work Budget Economic Outcomes – Jobs and Private Sector Investment Establish your team: Core group Roles and responsibilities Timeline 3. Think about funding sources: Local/State/Federal/ Private/Foundation Understand the mission statement of your funder: For EDA EDA’s mission – to lead the federal economic development agenda by promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy. Bring resources to the table: Local match Outside resources Welcome to USDA Rural Development. We are committed to helping improve the economy and quality of life in rural America. Through our programs, we help rural Americans in many ways.

Grant Considerations Under EDA’s Public Works and Economic Adjustment Assistance programs, for example, all proposed projects are evaluated on a competitive merit basis to determine the extent to which they: Align with EDA’s Investment Priorities; Create or retain high-quality jobs; Leverage public and private resources; Demonstrate the ability to start the project quickly and use funds quickly and effectively; and Provide a clear scope of work and specific measurable outcomes.

Investment Priorities Recovery and Resilience. Critical Infrastructure. Workforce Development & Manufacturing. Exports and Foreign Direct Investment. Opportunity Zones. To date, EDA has investment approx. $30 million in 40 projects in designated Opportunity Zones across the Country build the capacity for economic development. https://eda.gov/about/investment-priorities/

EDA Investment Programs Complete and Competitive grant applications: Provide a clear, detailed scope of work for the EDA project Identify the specific deliverables and measurable outcomes that will be produced with EDA funds and matching funds Identify the source, nature and amount of all non-EDA funding For construction projects, have an identified project beneficiary who is committed to the project and will commit to create/retain jobs and private sector investment Clearly identify the region Propose a project in a region that meets EDA’s distress criteria

Working with EDA These projects, not in rank or priority order, resulted from applicant’s approach to disaster events (both man-made and natural) and to promote economic resiliency in their respective regions.

Working with EDA Apalachee Regional Planning Council (ARPC) is the federally-designated Economic Development District for the nine-county region of Florida. EDA looks to ARPC to: Prepare and maintain a CEDS Assist with implementation strategies identified in the CEDS Provide technical assistance to local governments/EDOs on economic development initiatives, programs and grant applications Demonstrate support of funding applications to EDA

Working with EDA EDA supports bottom-up strategies that build on regional assets to spur economic growth and resiliency. Grantees are encouraged to develop initiatives that present new ideas and creative approaches to advance economic prosperity in distressed communities.

Working with EDA In light of long-term damage and losses to: Agriculture and timber Businesses and industry Residential and commercial structures Critical infrastructure What does long-term economic recovery and resiliency mean in your community?

Working with EDA The ARPC CEDS has identified the leading industry sectors of its region.

Sample Funded Projects These projects, not in rank or priority order, resulted from applicant’s approach to disaster events (both man-made and natural) and to promote economic resiliency in their respective regions.

Sample Funded Projects 2018: $80,000 EDA grant (EA) under the FY 18 Disaster Supplemental to Hendry County for a broadband feasibility study.

Sample Funded Projects 2017: $483,000 EDA grant (i6 Challenge) to Florida A & M University Research Entrepreneurship and Commercialization Hub (FAMU REACH). 2017: $118,000 EDA grant (University Center) to Florida A & M University to establish its University Center – FAMU Innovation Center to support technology commercialization and regional economic development.

Sample Funded Projects 2016: $8.0 million* EDA grant (EA) to University of Florida to construct Phase II of the Florida Innovation HUB at UF in Gainesville. *Special circumstance 2016: $340,000 EDA grant (EA) to University of West Florida in partnership with Florida’s Great Northwest to develop a 13-county regional economic diversification strategy. *This project is an anomaly. This level of funding is extremely rare and was made possible by securing de-obligated disaster funding that was available to any of EDA’s 6 regions. Since the opening of Phase I of the I-HUB, 800+ new jobs have been created, I- HUB startups have raised $67 million in investment and 3 dozen technology- based startups call I-HUB home. I-HUB Phase I was a $13.2 million project. Northwest Florida Forward – Total project cost of $545,000.

Sample Funded Projects 2015: $1,500,000 EDA grant (PW) to Tallahassee Community College to enable the construction of the Wakulla Environmental Institute in Wakulla County. 2013: $364,000 EDA grant (EA) to City of Fellsmere to construct an access road to facilitate the construction of a organic aquaculture plant. Strategic infrastructure improvements that allowed TCC to construct the WEI. The institute will offer 8 environmentally focused degree and certification programs in water, wastewater, recycling, alternative energy, recreation and conservation. 100 jobs over the next 3 years $18 million private investment (Columbia Technology Innovations –recycling and waste diversion technology) $18 million in private investment – New CTI recycling plant

Sample Funded Projects 2016: $1.4 million EDA grant (PW) to the City of Lake Worth to make roadway and other infrastructure improvements needed to expand the Lake Worth Park of Commerce. EDA Project components: Road widening Storm water Potable water Sanitary sewer Electric Telecommunications Project impacts: 320 new jobs $19.3 million PI Manufacturing and distribution

Q&A These projects, not in rank or priority order, resulted from applicant’s approach to disaster events (both man-made and natural) and to promote economic resiliency in their respective regions.

Contact Information Greg Vaday, AICP Economic Development Representative U.S. Economic Development Administration 401 West Peachtree St., N.W., Suite 1820 Atlanta, Georgia 30308 Phone: (404) 730-3009 Email: gvaday@eda.gov