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Building MI Future: Michigan's Recovery and Reinvestment Web site
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Welcome to Michigan's online source for information about the American Recovery and Reinvestment Act (Recovery Act). The Recovery Act, signed into law by President Barack Obama on February 17, 2009, represents the largest federal investment increase in America's roads, bridges and mass transit in 50 years. It also provides the most significant expansion in tax cuts for low and moderate income households ever. This aggressive economic recovery plan is designed to jumpstart our economy, create jobs, and help Americans struggling to provide for their families.
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Economic Development Assistance

Total Funding Available:  $150 million nationally

Key Dates:  According to the Economic Development Administration (EDA) U.S. Department of Commerce, regional EDA offices will accept applications on an ongoing basis. Please check with the Michigan regional office for additional guideance:

Dennis Foldenauer
Chicago Regional Office
111 North Canal Street, Suite 855
Chicago, IL 60606

Telephone: (312) 353-7148, ext. 139
E-mail: dfoldenauer@eda.doc.gov

Program Information:   Administered by the Economic Development Administration (EDA) of the U.S. Department of Commerce, the Economic Development Assistance Program will provide funds to address long-term economic distress in urban industrial cores and rural areas, distributed based on need and ability to create jobs and attract private investment. Priority consideration will be given to those areas that have experienced sudden and severe economic dislocation and job loss due to corporate restructuring

Grant Information:  Funds will be disbursed through the agency's traditional grant making process and will support efforts to create higher-skill, higher-wage jobs by promoting innovation and entrepreneurship and connecting regional economies with the worldwide marketplace.  $50 million can be transferred to regional economic development commissions.

For More Information: View the full Funding Opportunity Announcement for program and application information.

 

 


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