Opportunity Information: Apply for EDA HDQ RNTA 2022 2007441
The FY 2022 CARES Act Economic Recovery Corps and Equity Impact Investments Notice of Funding Opportunity (NOFO) is a U.S. Department of Commerce Economic Development Administration (EDA) discretionary funding opportunity designed to strengthen economic recovery and long-term resilience in underserved communities and distressed regions. The NOFO supports two separate national efforts: (1) the Economic Recovery Corps (ERC) Fellows program and (2) the Equity Impact Investments (EII) program. Both tracks focus on helping communities develop stronger economic development plans and execute projects more effectively, particularly as part of recovery from the coronavirus pandemic and its economic disruptions.
The Economic Recovery Corps Fellows program is centered on expanding on-the-ground capacity for economic development work by placing dedicated staff resources, called Fellows, into local and regional organizations that are already engaged in economic development capacity building. The core idea is that many regions with the greatest need lack the staffing bandwidth to pursue funding opportunities, coordinate partners, design competitive projects, and carry initiatives through implementation. Through this program, EDA seeks applicants that can create and launch a nationwide network that recruits, places, and coordinates Fellows across the country. The Fellows are intended to support two main categories of work. First is Technical Assistance, which includes helping communities prepare to access funding, navigate economic development programs, build readiness through training, and receive implementation support so plans translate into fundable, deliverable projects. Second is Knowledge and Insights, which emphasizes studying and organizing information, data, and analysis and then sharing it in ways that help communities adopt more future-focused economic development practices. In practice, this could mean developing playbooks, toolkits, learning communities, data resources, and feedback loops that spread what works across regions, while also helping local partners build real project pipelines.
The Equity Impact Investments program focuses on improving equity outcomes in economic development by providing targeted technical assistance and coordination support to organizations that serve underserved populations and communities. EDA signals an intent to make one national award under this program and is looking for an applicant with a demonstrated track record of effective outreach, service delivery, and measurable outcomes for underserved groups. The purpose is not simply to create plans, but to ensure that underserved communities and populations can participate meaningfully in economic development planning and projects, including those funded by EDA both now and in the future. EDA is seeking proposals that drive equity outcomes through a coordinated suite of technical assistance activities, helping organizations that represent or serve underserved groups plug into local and regional economic development efforts. Competitive applicants are expected to understand how to build and implement economic development plans that produce tangible results and to leverage strong networks of economic and community development organizations to connect underserved-serving organizations with real projects, partnerships, and implementation opportunities.
From an administrative standpoint, this NOFO is identified as Funding Opportunity Number EDA HDQ RNTA 2022 2007441 and is associated with CFDA number 11.307. The opportunity category is discretionary, and awards may be made through cooperative agreements and/or grants. The NOFO anticipates two awards in total across the combined opportunity, with an award ceiling of $3,000,000. The opportunity was created on June 16, 2022, with an original application closing date of August 5, 2022. Eligible applicants include state, county, and city or township governments; public and state-controlled institutions of higher education; federally recognized Native American tribal governments; and nonprofit organizations with IRS 501(c)(3) status (excluding higher education institutions), along with other eligible entities as described in the NOFOs eligibility clarification.
Overall, the NOFO is aimed at solving two common barriers to inclusive economic development: limited local capacity to do the work and persistent inequities in who gets to participate and benefit. The ERC Fellows track addresses capacity by embedding skilled personnel into economic development organizations and building a national structure to coordinate that talent and share insights. The Equity Impact Investments track addresses equity by organizing technical assistance and partnerships that bring underserved communities into the center of planning and project execution, improving the likelihood that EDA-supported development produces broadly shared and measurable benefits.Apply for EDA HDQ RNTA 2022 2007441
- The Department of Commerce in the other (see text field entitled explanation of other category of funding activity for clarification) sector is offering a public funding opportunity titled "FY 2022 CARES Act Economic Recovery Corps and Equity Impact Investments NOFO" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 11.307.
- This funding opportunity was created on Jun 16, 2022.
- Applicants must submit their applications by Aug 05, 2022. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- Each selected applicant is eligible to receive up to $3,000,000.00 in funding.
- The number of recipients for this funding is limited to 2 candidate(s).
- Eligible applicants include: State governments, County governments, City or township governments, Public and State controlled institutions of higher education, Native American tribal governments (Federally recognized), Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education, Others (see text field entitled Additional Information on Eligibility for clarification).
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