What are the objectives of the POWER Initiative?

  • Economic Diversification- Diversify the commercial and industrial bases of local and regional economies
  • Job Creation- Create jobs in new and/or existing industries
  • Capital Investment- Attract new sources of job-creating investment (both public and private)
  • Workforce Development and Reemployment Opportunities- Provide a range of workforce services and skills training, including paid work-based learning opportunities, resulting in industry-recognized credentials for high-quality, in-demand jobs

EDA

Total Funding: $19,600,000

Award Range: $250,000-$1,500,000

Project Period: 36 months

Cost Matching: Yes- see FFO for specific requirements per location.

Funding Description:

EDA provides strategic investments on a competitive merit basis to support economic development, foster job creation, and attract private investment in economically distressed areas of the United States. Under this FFO, EDA solicits applications from applicants in rural and urban areas to provide investments that support construction, non-construction, technical assistance, and revolving loan fund projects under EDA’s Public Works and EAA programs. Grants and cooperative agreements made under these programs are designed to leverage existing regional assets and support the implementation of economic development strategies that advance new ideas and creative approaches to advance economic prosperity in distressed communities.

Eligibility:

  • District organizations;
  • Indian Tribe or consortium of Indian Tribes;
  • 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;
  • Institutions of higher education or a consortium of institutions of higher education;
  • Public or private non-profit organization or association acting in cooperation with officials of a political subdivision of a State.

Reference: http://www.grants.gov/web/grants/search-grants.html?keywords=EDAP

ARC

Total Funding: $45,000,000

Award Range: $500,000-$1,500,000

Project Period: 36 months

Cost Matching: Yes- see ARC Match Rates for specific requirements.

Funding Description:

ARC has identified five strategic investment goals to advance its vision and mission and to guide its work over the next five years. These goals reflect consensus among local, state, and federal partners on the most critical investment opportunities in Appalachia. While the investment goals are distinct, they are also interdependent, with progress on one goal often requiring investment in another.

  • Economic Opportunities
  • Ready Workforce
  • Critical Infrastructure
  • Natural and Cultural Assets
  • Leadership and Community Capacity

Eligibility:

  • Local Development Districts;
  • Indian Tribe or consortium of Indian Tribes;
  • 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;
  • Institutions of higher education or a consortium of institutions of higher education;
  • Public or private non-profit organization or association.
  • Must also reside or serve communities in the Appalachian region, see ARC Website

Reference: https://www.eda.gov/power/files/2016/funds-announcement.pdf


Interested in Learning More?

Contact Kelly Karbowicz-Riley, TPMA’s in-house funding strategies specialist by clicking the button below or sending her an email at kriley@tpma-inc.com

Contact Kelly