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Denver FY 2021 – FY 2023 EDA Planning and Local Technical Assistance

Up to $300,000
Type
GRANTS AND FUNDING
Application Difficulty
MEDIUM
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

Your business has a unique chance to tap into a program that can provide planning and local technical assistance tailored specifically for you. This funding offers expert guidance, allowing you to develop customized strategies that can enhance your economic development initiatives. Think of it as having a skilled advisor in your corner, helping you with everything from feasibility studies to disaster recovery plans, all designed to boost your growth.

By applying for this program, you stand to gain financial support in the form of grants that do not need to be repaid. This means you can focus on your business without the worry of traditional loan repayments. Plus, you will have the tools to attract private investment, create quality jobs, and navigate economic challenges effectively. This is all about empowering your business while also contributing positively to your community.

Rest assured, qualifying for this program is straightforward, as it is open to all types of businesses. Embracing this opportunity could not only strengthen your business but also play a vital role in uplifting your local economy. Why wait? Explore this valuable resource today!

Financing Details

Type of Financing
This program offers grants for eligible businesses. Grants are funds you receive that do not need to be paid back. Think of it as financial support to help your business grow without the burden of repayment.

Repayment Terms and Interest Rates
Since these are grants, there are no repayment terms and no interest rates involved. You get to keep all the funding without worrying about paying it back later.

Eligible Expenses
You can use the grant funds for a variety of expenses related to planning and local technical assistance. This includes:

  • Feasibility studies
  • Impact analyses
  • Disaster resiliency plans
  • Project planning for economic development

Ineligible Expenses
The funds cannot be used for personal expenses or general business operations not related to the planning activities mentioned earlier.

Fees Associated with the Program
There are no additional fees required to access these grants. It’s straightforward—what you apply for is what you receive. No hidden costs.

Qualifications

  • Location Requirement: Must be in an economically distressed area of the United States.
  • Sectors: Open to all sectors.
  • Employee Count: No minimum or maximum number of employees required.
  • Company Revenue: No minimum or maximum revenue qualifications.
  • Legal Structure: All legal structures are applicable.
  • Profit Structure: All profit structures are applicable.

Disqualifications: None specified.

Description

This program offers planning and local technical assistance to help boost economic development and create jobs in economically distressed areas across the United States. Your business could benefit from expert guidance that helps you develop effective strategies tailored to your specific needs. These can include anything from feasibility studies to disaster recovery plans that provide tangible support for your growth initiatives.

You could receive a grant to cover costs associated with planning activities that guide your economic development efforts. This funding can help you attract private investment, establish strategies for job creation, and enhance your community's resilience to economic challenges. The program is designed to support you, regardless of your industry, revenue, or business structure.

This is not a traditional loan; there is no payback period, meaning the funding does not need to be repaid. Instead, it acts as a resource to empower your business and strengthen your area’s economic landscape. By tapping into this program, you can focus on growing your business and improving job opportunities in your community.

Program Steps

  1. Research the Program
    Familiarize yourself with the program details and benefits it offers for your business.

  2. Prepare Required Documentation
    Gather the necessary documents to support your application. This may include:

    • Business plan
    • Financial statements (profit and loss, balance sheets)
    • Evidence of economic distress in your area
    • Proposed strategies or projects for economic development
    • Any relevant permits or licenses
  3. Complete the Application Form
    Fill out the application form with accurate and comprehensive information about your business and proposed plans.

  4. Submit Your Application
    Send your completed application along with all required documentation to the specified program contact or online portal.

  5. Follow Up
    After submission, keep track of your application status. Don’t hesitate to reach out for any updates or additional information needed.

  6. Prepare for Communication
    Be ready to discuss your application, projects, or any questions that may arise during the review process.

Visit Program Website