TITLE 13 - BUSINESS CREDIT AND ASSISTANCE

CHAPTER III - ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE

PART 301 - ELIGIBILITY, INVESTMENT RATE AND PROPOSAL AND APPLICATION REQUIREMENTS

subpart e - PROPOSAL AND APPLICATION REQUIREMENTS; EVALUATION CRITERIA

301.10 - Formal application requirements.

  (a) General. For Projects selected from successful proposals, EDA will invite the proponents to submit a formal application for Investment Assistance. The appropriate regional office will provide application materials and guidance in completing them. The applicant will generally have thirty (30) days to submit the completed application materials to the applicable regional office. EDA staff will work with the applicant to resolve application deficiencies.

  (b) Formal application. Each formal application for EDA Investment Assistance must: (1) Include evidence of applicant eligibility (as set forth in 301.2) and of economic distress (as set forth in 301.3); (2) Identify the sources of funds, both eligible federal and non-EDA, and In-Kind Contributions that will constitute the required Matching Share for the Project (see the Matching Share requirements under 301.5); and (3) For construction Projects under parts 305 or 307 of this chapter, include a CEDS acceptable to EDA pursuant to part 303 of this chapter or otherwise incorporate by reference a current CEDS that EDA approves for the Project. The requirements of the preceding sentence shall not apply to: (i) Strategy Grants, as defined in 307.3 of this chapter; and (ii) Projects located in a Region designated as a Special Impact Area pursuant to part 310 of this chapter.