FY 2022 CARES Act Economic Recovery Corps and Equity Impact Investments NOFO
Posted by Department of Commerce
Opportunity snapshot. This Grants.gov announcement — FY 2022 CARES Act Economic Recovery Corps and Equity Impact Investments NOFO — is cataloged under number EDA-HDQ-RNTA-2022-2007441 and tied to CFDA assistance listing 11.307, posted by Department of Commerce. Grants.gov currently shows the opportunity as closed, first posted on June 16, 2022 and last updated on June 23, 2022. The funding category is Discretionary, delivered as a grant.
Award economics. The award range on file is $3,000,000 -- $30,000,000. The agency has projected $35.0 million in total estimated funding for this announcement. It expects to issue 2 awards. If the agency funds the expected 2 awards from the $35.0 million estimated pool, the average award works out to roughly $17.5 million. Cost sharing is not required, so applicants do not need to commit matching funds to be competitive on this opportunity. Federal award ranges are often upper bounds; actual allocations reflect program appropriations, the strength of the applicant pool, and the evaluation committee's scoring.
Deadline and action path. This opportunity closed on August 5, 2022. Future funding cycles may be published under the same CFDA number, so monitoring the parent program page is the most reliable way to catch re-announcements. Every Grants.gov submission requires an active SAM.gov registration and a Unique Entity ID. Review the Eligibility section below carefully — federal eligibility categories (nonprofit, state or local government, tribal, individual, educational institution, small business) have distinct registration and reporting requirements. Pre-application outreach to the listed agency contact is permitted and often welcomed — it helps clarify scope and scoring priorities.
Award Range
$3,000,000 -- $30,000,000
Close Date
August 5, 2022
Posted
June 16, 2022
Est. Total Funding
$35,000,000
Expected Awards
2
Instrument
Grant
Description
This NOFO funds two distinct programs, both of which are described in more detail below, and designed to support underserved communities and populations across the country in developing successful economic development plans and projects: 1) the Economic Recovery Corps Fellows program and 2) the Equity Impact Investments program. The Economic Recovery Corps program will add staff resources to local organizations focused on improving economic resilience and competitiveness in distressed regions across the country. EDA is seeking applications from eligible parties to create and launch a nationwide network of Economic Recovery Corps Fellows (Fellows) to help regions recover from the coronavirus pandemic by providing supplemental staff resources (i.e., Fellows) to economic development capacity-building organizations to increase their ability to effectively engage in local and regional economic development. Eligible applicants should consider strategies to build and form a national initiative that will place and coordinate Fellows across America to support two key activities: Technical Assistance – enable communities to access funding and participate in economic development programs and initiatives through preparation, training, and implementation assistance Knowledge and Insights – study, organize, and disseminate information, data, and analysis to accelerate the adoption of future-focused economic development principles and practices To learn more about this program visit: https://www.eda.gov/programs/economic-recovery-corps The Equity Impact Investments program will provide technical assistance to enable organizations serving underserved populations and communities to participate in economic development planning and projects. Under the Equity Impact Investments Program, EDA is hoping to make one national award and is seeking applications from eligible parties to coordinate organizations with a proven track record of effectively working with, conducting outreach to and delivering outcomes for underserved populations and communities to improve equity outcomes for both future and current EDA grantees. EDA seeks proposals that will drive the equity outcomes of economic development work through a suite of technical assistance and coordination activities. Applicants should be well-versed in how to build and implement successful economic development plans that deliver tangible results. Applicants should leverage this expertise, along with a strong network of local and regional economic and community development organizations, to effectively bring organizations that serve underserved populations and communities into local economic development projects and plans. To learn more about this program visit: www.eda.gov/programs/equity-impact-investments
Eligibility
00;01;02;06;07;12;25
Official Listing on Grants.gov
View full details, application forms, and submission instructions.
Parent Grant Program
Economic Adjustment Assistance
U.S. Department of Commerce
Agency Contact
Fellows: networks@eda.gov <br/> <br/>Equity: equityimpacts@eda.gov
Key Dates
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Disclaimer: This information is sourced from Grants.gov and SAM.gov and is for informational purposes only. Opportunity details, deadlines, and eligibility requirements change frequently. Always verify current information directly on Grants.gov before applying. PlainGrants is not affiliated with any federal agency.
Read our methodology — how this data is sourced, computed, and verified.
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| Publisher | Kiznis Studio |
| Sources | Public official public datasets |