Projects funded include the design and engineering of a new museum complex in Shasta County and the Redding Metro Report. Extra funding for the Northwest Economic Adjustment Initiative is included in this category. EDA awards grants only and considers the unemployment in an area. EDA gives priority to projects designated as high priority by local economic development agencies. In addition, projects must result in job creation.
Funds are available on a reimbursable basis upon approval.
For technical assistance and planning projects, funds are available immediately or as soon as the work begins. For construction projects, funds are usually not disbursed until all construction contracts are awarded. EDA is funded on the basis of the federal fiscal year that runs October 1 to September 30. EDA is open for preapplications year-round. The EDA field representative will invite a preapplication for a project that seems to have a good chance of being successful.