Economic Adjustment Assistance

Objective

The EAA program provides a wide range of technical, planning, public works and infrastructure, and other financial assistance in regions experiencing adverse economic changes that may occur suddenly or over time. These adverse economic impacts may result from a steep decline in manufacturing employment following a plant closure, changing trade patterns, catastrophic natural disasters, a military base closure, or environmental changes and regulations.

Who Can Apply

• Other

Pursuant to Section 3(6) of PWEDA (42 U.S.C. § 3122(6)(A)) and 13 C.F.R. § 300.3 (Eligible Recipient), eligible applicants for EDA financial assistance under the Public Works and EAA programs include a(n): (i) District Organization of an EDA-designated Economic Development District; (ii) Indian Tribe or a consortium of Indian Tribes; (iii) State, county, city, or other political subdivision of a State, including a special purpose unit of a State or local government engaged in economic or infrastructure development activities, or a consortium of political subdivisions; (iv) institution of higher education or a consortium of institutions of higher education; (v) public or private non-profit organization or association acting in cooperation with officials of a political subdivision of a State. Individuals and for-profit entities are not eligible for funding; (vi) an economic development organization; or (vii) a public-private partnership for public infrastructure.

Who Benefits

• Other

Beneficiaries of investments made under Economic Adjustment are those communities who satisfy one or more of the economic distress and/or “Special Need” criteria set forth in the NOFO, 13 C.F.R.§ 301.3(a), or 13 C.F.R. § 300.3 to revitalize, expand, or upgrade their economic development assets to attract new industry, encourage business expansion, diversify their local economies, and generate or retain long-term private sector jobs and capital investments. Investments are intended to alleviate long-term deterioration and sudden and severe economic dislocation in distressed communities and regions.

Assistance Types

• Grant

Program Contact

programs@eda.gov
2024822900