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Economic Adjustment Assistance

Published on AidPage by IDILOGIC on Jun 24, 2005

Criteria for selecting proposals...

All proposals and applications for funding submitted to EDA are evaluated competitively for conformance to statutory and regulatory requirements and conformance with EDA's Investment Policy Guidelines and funding priorities. EDA will invest in applicants who are entrepreneurial in spirit and in action. Potential investments will be analyzed using the following seven supplemental evaluation criteria of approximately equal weight: extent that proposed investments are market-based; extent that proposed investments are pro-active in nature and scope; extent that proposed investments look beyond the immediate economic horizon, anticipate economic changes, and diversify the local and regional economy; likelihood that proposed investments maximize the attraction of private sector investments and would not otherwise come to fruition absent EDA's investment; likelihood that proposed investments have a high probability of success; likelihood that proposed investments result in an environment where high skill, high wage jobs are created; and likelihood the proposed investments maximize Return on Taxpayer Investment.