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1 1 (January 26, 2024)

handle is hein.crs/goveode0001 and id is 1 raw text is: FAQs How are EDA disaster recovery grants funded?&D Supplemental appropriations legislation provides funding for the EAA program for specified disasters and emergencies and time periods. How is funding used? * Flexibly . Eligible activities may include planning, public works, revolving loans, and workforce or entrepreneurship development projects, or to develop or update a Comprehensive Economic Development Strategy (CEDS) How is funding allocated by the EDA? Competitively * Varies by events, impacts, and economic distress * Distributed through Regional Offices What areas are eligible? * Eligible areas are determined legislatively; and Eligible areas are determined by Stafford Act declarations and the Federal Emergency Management Agency (FEMA) designation of areas eligible for public assistance or individual assistance due to the declared disasters. What types of entities are eligible recipients? Nonprofit organizations State and local governments Institutions of higher education Indian tribes or a consortium of Indian tribes District organization of an EDA-designated Economic Development District EDA Annual and Supplemental Disaster Recovery Appropriations PL 117-328 $1,000 Millions provided EDA with $900 $800 in additional EAA $700 funds for disaster $600 recovery. $00 $54{) Supplemental $400 Disaster Recovery $300 Appropriations $200 Annual $0 Appropriations FY2011- FY2023 Since 2011, in response to certain major disasters and ermergencies, Congress has provided EDA $1.9 billion in supplemental funding for long-term disaster recovery for selected incidents. Figure does not display non-disaster supplemental funding. What are other application considerations? EDA's Notices of Funding Opportunities (NOFO) provide additional guidance, including the following instructions. . CEDS: Except for strategy grants, projects must also be consistent with the region's certified CEDS or equivalent EDA-accepted regional economic development strategy (see https://www.eda.gov/ceds). . Cost share: EDA NOFOs provide guidance on the percentage of total project expenses that may be covered by EDA funding. EDA may provide assistance at lower cost-sharing rates under certain circumstances (42 U.S.C. §3233). Indian Tribes and areas that meet certain thresholds of economic distress may qualify for reduced cost-sharing responsibilities. . Equity: EDA expects projects to advance equity to underserved populations to the extent practical. Resilience: Projects are expected to incorporate resiliency principles, to the greatest extent possible. When is the application deadline? o No deadline. Applications are generally accepted on an ongoing basis. - - - - -

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