This program is designed for businesses like yours, located in economically distressed areas, to spark growth and job creation. By applying, you gain access to financial support tailored to your specific needs. You can fund vital actions like feasibility studies, impact analyses, and disaster resiliency plans. This financial assistance doesn’t come with a hard payback period, allowing you to focus resources on what truly drives your business.

Being approved for this program opens up valuable partnerships and collaboration opportunities with experts in your area. These connections can enhance your strategic planning and increase your business's visibility in the community. It’s a chance to develop smarter approaches that can lead to sustainable growth and a thriving local economy. Plus, applying is straightforward, making it easy for you to tap into this support and set your business up for success now and in the future.

Type of Financing
This program offers grants to support economic development activities. Grants are funds you don’t need to pay back, making them a great opportunity for your business.

Eligible Expenses
The funds can be used for a variety of planning and technical assistance projects. This includes:

• Creating and implementing regional economic development plans
• Feasibility studies
• Impact analyses
• Disaster resiliency plans

Ineligible Uses and Fees
Funds cannot be used for personal expenses or projects that do not align with economic development goals. Additionally, there are no fees associated with applying for or receiving the grant, making this a straightforward way to secure funding for your business needs.

• The business must operate in an economically distressed area of the United States.
• All sectors are eligible to apply.
• There are no minimum or maximum employee requirements.
• There are no minimum or maximum revenue qualifications.
• All legal structures are applicable.
• All profit structures are applicable.

Disqualifications:

• No specific disqualifications mentioned in the context provided.

The program focuses on strengthening economic development and creating jobs in your area. It offers financial support for planning and technical assistance, helping you attract private investments. If your business is in an economically distressed area, this program can provide tailored strategies to guide your growth.

You can receive funding for various activities, such as feasibility studies, impact analyses, and disaster resiliency plans. This assistance can empower your organization to make smart decisions that enhance your community’s economic health. The best part? There's no hard payback period attached to the funding, freeing you to invest your resources where they matter most.

Joining the program opens the door to collaboration with partners and experts in your field. This partnership opportunity can boost your visibility, improve your strategies, and ultimately, lead to a more resilient and prosperous business. Investing in planning today can pave the way for your business’s success tomorrow.