The Economic Development Administration (EDA) has issued a Notice of Funding Opportunity (NOFO) for its Public Works and Economic Adjustment Assistance (PWEAA) programs for Fiscal Years 2023 and 2024. These programs aim to support communities in implementing long-term economic development strategies through various construction and non-construction projects that align with EDA’s investment priorities. Eligible applicants include economic development districts, state and local governments, institutions of higher education, and nonprofit organizations acting in cooperation with local governments. Individual and for-profit entities are not eligible.

The Public Works program focuses on infrastructure projects that promote economic competitiveness, such as water and sewer improvements, industrial park expansions, and business incubators. The Economic Adjustment Assistance (EAA) program supports regions facing sudden or long-term economic changes by funding activities such as workforce training, technical assistance, and disaster recovery strategies. Projects may include construction or non-construction efforts aimed at fostering collaboration between public and private entities and creating jobs in economically distressed areas.

Funding for the programs is subject to annual appropriations, and award amounts typically range between $600,000 and $5 million for Public Works and $150,000 to $2.5 million for EAA projects. The EDA has specific priorities for investment, including equity, workforce development, climate resilience, and technology-based economic development. Projects must align with these priorities to be competitive for funding.

The application process involves submitting proposals through the EDA’s EDGE platform, including detailed project plans and evidence of matching funds. EDA will review applications based on criteria such as feasibility, stakeholder engagement, alignment with regional economic strategies, and the project’s potential to create well-paying jobs. Special consideration is given to projects that address economic distress, foster economic resilience, and benefit underserved communities.

Applicants are required to meet specific documentation requirements, including environmental reviews and compliance with the Build America, Buy America (BABA) Act, which mandates the use of U.S.-made materials for construction projects. The EDA encourages applicants to incorporate strong labor standards and ensure community engagement in their projects.

EDA’s funding is highly competitive, and applicants are advised to ensure that their proposals demonstrate clear economic benefits and strong alignment with federal, state, and local economic development plans. Successful projects must also comply with reporting requirements and EDA’s performance evaluation guidelines.