Description
Pursuant to the Supplemental Appropriations Act, Pub. L. No. 111-212, 124 Stat. 2302 (2010), EDA announces general policies and application procedures for the FY 2010 Gulf Oil Spill Supplemental Federal Funding Opportunity. This investment assistance will be made available to help devise and implement short or long-term economic redevelopment strategies and for technical assistance activities to address economic development challenges in regions impacted by the discharge of oil stemming from the April 20, 2010, BP Deepwater Horizon drilling rig explosion. The Economic Adjustment Assistance program can offer a wide range of technical, planning, or infrastructure assistance. See 13 C.F.R. § 307.3. This program is designed to respond adaptively to pressing economic recovery issues, and is well suited to help address the challenges faced by regions affected by the April 2010 oil spill. Note however, in order to maximize available funding, EDA will consider applications for planning or technical assistance only. That is, no awards will be made under this competitive solicitation for infrastructure improvements or revolving loan fund grants. For purposes of this competition and subject to the availability of funds, EDA will make planning or technical assistance awards that, for example, demonstrate the capacity to support economic recovery by fostering the development of short or long-term economic recovery plans; conduct gap analysis that can identify opportunities for strengthening regional competitiveness; examine opportunities for expanding commercialization programs; or strengthen regional efforts to encourage business expansion and creation efforts. In addition, EDA invites applications to address problems on a larger regional, or multi-State basis, both with respect to the development of a macro-economic analysis of the Gulf Coast region, or the development of a business retention and expansion program for the Gulf region. EDA will administer the Gulf Oil Spill Assistance among its Atlanta and Austin regional offices, which together cover the areas that have felt the greatest impact of the oil spill, specifically the States of Louisiana, Mississippi, Alabama, Florida, and Texas. Please see the FFO, linked below, for more information.