Austin FY 2021 – FY 2023 EDA Planning and Local Technical Assistance
Highlights
There's a fantastic opportunity for your business to access planning and local technical assistance funding. This program is tailored for businesses looking to create jobs and attract investment in economically distressed areas. By applying, you can not only develop a robust strategic plan but also gain resources for important projects such as feasibility studies and impact analyses.
What's in it for you? The funding is structured as a grant, meaning you won’t have to pay it back. This allows you to focus on growing your business without the burden of repayment hanging over your head. Plus, there are no limits on employee count or revenue, making this program accessible for businesses of all sizes and sectors.
Ultimately, securing this funding can strengthen your business's resilience against challenges while significantly enhancing your operations. With this support, you're not just improving your business; you’re also playing a vital role in revitalizing your community. This program is a step towards creating a brighter future for yourself and those around you.
Financing Details
Type of Financing
The financing provided is in the form of grants. These grants require no repayment, which means you don’t have to worry about interest rates or loan terms. Simply put, it’s money you don’t have to pay back, allowing you to focus on growing your business.
Eligible Expenses
Eligible expenses include a broad range of costs associated with economic development planning and local technical assistance projects. This can involve costs for feasibility studies, impact analyses, disaster resiliency plans, and the development of Comprehensive Economic Development Strategies (CEDS).
Ineligible Expenses
While the funds can be used for various planning activities, they cannot be used for operational costs, such as regular salaries or everyday business expenses, not directly related to a specific project under the program.
Fees
There are currently no fees associated with applying for these grants through the new EDGE platform. This means you can apply without worrying about application costs, making it even easier to access this valuable funding.
Qualifications
- Location: Must be in economically distressed areas across the United States.
- Sectors: Open to all sectors.
- Minimum Employees: No minimum employee requirement.
- Maximum Employees: No maximum employee limit.
- Minimum Company Revenue: No minimum revenue requirement.
- Maximum Company Revenue: No maximum revenue limit.
- Legal Structure: All legal structures are eligible.
- Profit Structure: All profit structures are eligible.
Disqualifications: None specified.
Description
You have a great opportunity to access planning and local technical assistance funding aimed at boosting economic development in your area. This program is designed specifically to help businesses like yours create jobs and attract investment. Whether your business is in a distressed area or seeking to revitalize a local community, this support can guide you in developing and executing strategic plans tailored to your specific needs.
The funding can be used for various purposes, including feasibility studies, impact analyses, and project planning. This can significantly strengthen your business’s ability to plan for growth and improve resilience against challenges. No payback is required, as this money is structured as a grant, giving you the freedom to focus on your business without worrying about repayment.
This program supports businesses of all sizes and sectors, so you don’t need to worry about employee counts or revenue limits. It’s all about empowering your business to grow and thrive in today’s competitive landscape. Take advantage of this chance to enhance your operations and create lasting positive impacts in your community.
Program Steps
Visit the Program Website
Start by navigating to the official program website. This will provide detailed information and updates.Gather Necessary Documentation
Prepare the following documents for your application:- Business plan outlining your strategic goals
- Financial statements for the past two years
- Project descriptions for feasibility studies or impact analyses
- Proof of business registration and tax identification
- Any relevant licenses or permits
Complete the Application Form
Fill out the application form provided on the website. Be clear and concise in your responses.Submit Your Application
Once your application is complete and documents are ready, submit them through the designated online portal.Follow Up on Your Application
After submission, keep track of your application status. Be ready to provide additional information if requested.Prepare for Funding Utilization
If approved, plan how you will utilize the funding effectively to maximize its impact on your business and community.