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.

  (continued...)

2012 Public Works and Economic Adjustment Assistance Programs Opportunity
  Page 2

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

Department of Housing and Urban Development: Sustainable Construction in Indian Country Small Grant Program
The Sustainable Construction in Indian Country Small Grant Program is designed to solicit program proposals that contain one of more sets of "Lessons Learned" that will help inform the Native American communities, such as Indian Tribes, regarding the issues and concerns that need to be taken into consideration upon tackling sustainable construction projects in their community.

---

Department of Housing and Urban Development: Energy Innovation Funds for Multifamily Pilot Program
The Department of Housing and Urban Development, has recently announced a funding opportunity entitled Energy Innovation Fund: Multifamily Pilot Program.

Energy Innovation Fund is directed towards the discovery of innovations in terms of the residential energy efficiency sector and to help in the development of a standardized home energy efficient retrofit market.

---

Rural Policy Analysis Program
The Health Resources and Services Administration has recently established the Rural Policy Analysis Program, wherein it intends to solicit applications that support the research and analysis of respective policy affecting rural communities, so as to inform policy makers.

---

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.

---