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Economic Impact Initiative Grant program

General Grant Program Information

Like the Community Facilities Grant Program, the Economic Impact Initiative Grant program provides affordable funding to develop “essential community facilities” in rural areas, which are defined as a non-commercial facility that provides an essential service for orderly community development in a primarily rural area (e.g., street or airport improvements, purchase of firetrucks). However, there are two differences: a) this grant seeks to assist communities facing extreme unemployment and severe economic depression, including very small, financially distressed rural communities, and b) this grant may be combined with other grants or funding sources, such as the USDA Community Facilities Program. 
 

Opportunity Status:
Closed
Eligible Applicants:
Local Governments; Federally Recognized Tribes and Affiliated Groups; Non-profit
Eligible Activities:
Planning; Construction; Equipment and Materials; Accessibility; Security
Transportation Type:
Roadway
Cost Sharing or Matching Requirement:
Yes
Match Waiver:
Yes
Grant Opportunity Link:
Economic Impact Initiative Grants
Agency:
Other Federal Agencies / U.S. Department of Agriculture (USDA)

Eligibility Information

Eligible applicants include public bodies, non-profits, and Federally-recognized Tribes. For the purposes of this grant, an eligible “rural area” is defined as a city, village, township, or and Federally-recognized Tribal Land, with no more than 20,000 residents, an unemployment rate of over 19.5%, and a community median household income below 90% of the state non-metropolitan median household income. Applicants must have legal authority to borrow money, obtain security, repay loans, construct, operate, and maintain the proposed facilities and be unable to finance the project from their own resources and/or through commercial credit at reasonable rates and terms. Facilities must serve rural area where they are/will be located, demonstrate substantial community support, and have a completed and accepted environmental review. Priority is given to projects related to public health and safety, energy efficiency and education.

Funding Information

Individual funding amounts vary, but the Federal cost-share of up to 75% of eligible project cost may be available based on need.

Disclaimer:
The Dashboard provides users with a high-level overview of relevant Federal discretionary grant programs. The information in the Dashboard is maintained as a secondary resource and may not be updated with the most recent changes to each program's primary guidance materials. Accordingly, please refer to the Federal grant-making agency for the most comprehensive and up-to-date information on a grant opportunity in the Dashboard.

Last updated: Tuesday, April 25, 2023