2012 Public Works and Economic Adjustment Assistance Programs Opportunity

by: Michael Saunders

The Economic Development Administration, otherwise known as EDA, is an agency that is operating under the United States Department of Commerce.

The purpose of the Economic Development Administration is to provide financial opportunities to economically distressed communities in order to generate new cases of employment, retain current jobs and stimulate commercial and industrial growth.

The initiatives of the EDA are always guided by their overall agency mission which is to "lead the federal economic development agenda by promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy."

In keeping with this mission, the Economic Development Administration has recently established the Public Works and Economic Adjustment Assistance Program in an effort to solicit applications from urban and rural communities to create initiatives that could potentially advance new ideas and innovative strategies in an effort to address constantly changing economic conditions.

The program specifically targets the provision of funding to construction, non-construction, and continuously revolving loan fund investments.

In addition, the program also desires to provide assistance to distressed communities and regions which have flexible and comprehensive resources in order to address a wide selection of economic needs, thereby leading to the creation of job opportunities and improved private investments.

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2012 Public Works and Economic Adjustment Assistance Programs Opportunity
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About The Author Michael Saunders is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. He also maintains Websites providing resources on environmental grants and grants for youth programs.

Additional Resources

category - Community Development Grants

Community Development Financial Institutions
Community Development Financial Institutions are basically financial institutions who possess the ability to provide credit and financial services to underserved industries and communities.

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YouthBuild Grants Program
The Employment and Training Administration has recently established the YouthBuild Grants Program in an effort to financially support organizations that seek to oversee the provision of education, occupational skills training, and employment services to disadvantaged youth in their communities while performing meaningful work and service to their communities.

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Department of Housing and Urban Development: Continuum of Care Homeless Assistance Programs
The CoC Homeless Assistance programs is designed to reduce the incidence of homelessness in established CoC communities, thereby the need to assist homeless individuals and families during the process of quickly transitioning to self-sufficiency and permanent housing.

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Department of Housing and Urban Development's Dollar Homes Program
The Dollar Homes Program revolves around the process of selling single family homes for a superbly reasonable price of $1 (plus closing cost) to low-to-moderate income families, granted that these houses have been acquired through foreclosure by the Federal Housing Administration, and have already been actively marketed for at least six months and still remained unsold after that certain period of time.

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