We understand that as a business owner in an economically distressed region, you face unique challenges. This program gives you the chance to receive grants and technical assistance that can directly benefit your growth and the local economy. You'll have the opportunity to develop and implement strategic economic plans, which can lead to enhanced job creation and economic growth in your community.

One of the biggest advantages is that there are no payback conditions for these grants, allowing you to focus on scaling your business without the financial burden typically associated with loans. Additionally, you will gain expert guidance to help you make informed decisions, manage feasibility studies, and develop effective strategies that align with local economic needs. The collaborative nature of this program also enables you to build partnerships with various organizations, enhancing the support network available to you and your business.

In short, participating in this program is not just about funding; it’s about empowering you to make a lasting impact on your business and community. By applying, you're investing in a brighter future for both.

Type of Financing
The financing offered is in the form of grants. Grants do not need to be repaid, which means you can use the funds freely without worrying about interest rates or repayments. This is a fantastic opportunity for your growth.

Eligible Expenses
You can use the grant funds for the following expenses:

• Development and implementation of Comprehensive Economic Development Strategies (CEDS)
• Feasibility analyses
• Impact studies

Restrictions on Use of Funds
However, these funds cannot be used for:

• General operating expenses
• Costs related to marketing or promotion
• Any expenses that don’t support the overall goals of capacity building and economic development

Fees
There are no hidden fees associated with this program. Your focus can be entirely on how to maximize the impact of the grant for your business.

• Location: Must be based in economically distressed regions served by EDA designated Economic Development Districts.
• Sectors: Open to all sectors.
• Employee Requirements: No minimum or maximum number of employees required.
• Revenue Requirements: No minimum or maximum company revenue qualifications.
• Legal Structure: All legal structures are applicable.
• Profit Structure: All profit structures are applicable.

Disqualifications:

• None mentioned in the context provided.

This program provides funding and technical assistance for businesses in economically distressed regions. By participating, your business can receive grants that help develop and implement regional economic plans. These plans focus on enhancing economic growth and job creation in your area. You can use these funds for various projects, such as feasibility studies or developing strategies that improve your community's economic landscape.

The program aims to build your capacity to make informed decisions that benefit both your business and the local economy. It offers expert guidance that can help you navigate your growth strategies effectively. Additionally, the support extends to forming partnerships that allow different organizations, including tribal entities, to work towards common economic goals.

There are no strict payback conditions with these grants, meaning you won’t have to worry about repaying the money. This allows you to focus on growing your business and creating high-quality jobs without the financial stress that usually comes with loans. The program is designed to help you and your community thrive together.