At a glance
The FY2025 EDA Disaster Supplemental funds economic recovery projects in areas that had a presidential major disaster declaration for disasters in 2023 or 2024. It supports three types of projects: readiness, implementation, and industry transformation, including planning, capacity building, predevelopment, public infrastructure repair or upgrades, and large regional industry projects. Eligible applicants include economic development districts, Indian tribes, state and local governments, higher education institutions, nonprofit organizations working with local officials, economic development organizations, and public-private partnerships for public infrastructure; individuals and for-profit entities are not eligible. EDA generally expects to fund up to 80% of eligible costs, may fund up to 100% in some cases, and expects awards of about $250,000 to $500,000 for readiness projects, $100,000 to $5 million for non-construction implementation projects, and $2 million to $20 million for construction implementation projects, with the total funding amount listed as $1,447,000,000.
What it funds
Official description from grants.gov
Through this Disaster NOFO, EDA will award investments in regions experiencing severe economic distress or other economic harm resulting from hurricanes, wildfires, tornadoes, floods, and other natural disasters occurring in calendar years 2023 and 2024. EDA’s goal under this NOFO is to assist communities recovering from a disaster by realizing opportunities to recover and change the economic trajectory of the community for the better. In other words, EDA funding seeks to help communities recover and set them on a path to exceed their previous pre-disaster baseline. EDA seeks projects that are responsive to community needs post-disaster by engaging all aspects of the community, with special focus on private industry partners. This Disaster NOFO provides funding through three pathways: Readiness Path – Standalone non-construction projects designed to increase a community’s readiness to apply for or implement disaster recovery funding from private and public sources including, but not limited to, future EDA NOFOs and the Implementation or Industry Transformation Paths under this NOFO. Projects will fund strategy development, capacity building, and/or predevelopment costs necessary for future recovery projects. Implementation Path – Standalone construction or non-construction projects designed to address the economic challenges faced by a community recovering from a natural disaster and improve economic trajectories beyond pre-disaster economic conditions. Industry Transformation Path – Led by a coalition of regional stakeholders, a portfolio of large-scale, multicomponent construction and non-construction projects designed to fundamentally transform the economic trajectory of a region through the development or acceleration of an industry.
Who can apply
- City or township governments
- County governments
- Independent school districts
- Native American tribal governments (Federally recognized)
- Nonprofits with 501(c)(3) status (other than higher education)
- Nonprofits without 501(c)(3) status (other than higher education)
- Others