# FY 2022 CARES Act Economic Recovery Corps and Equity Impact Investments NOFO

Source: https://welltoldgrants.com/grants/eda-hdq-rnta-2022-2007441-fy-2022-cares-act-economic-recovery-corps-and/  
Official notice: https://www.grants.gov/search-results-detail/341163

> Department of Commerce offered grants of up to $30.0 million (at least $3.0 million) to nonprofits, colleges and universities, state and local governments and tribes. It expected to make about 2 awards worth $35.0 million in total. Applications closed on August 5, 2022.

| Field | Value |
|---|---|
| Opportunity number | EDA-HDQ-RNTA-2022-2007441 |
| Agency | Department of Commerce |
| Status | Forecast |
| Deadline | August 5, 2022 |
| Award ceiling | $30.0 million |
| Award floor | $3.0 million |
| Expected awards | 2 |
| Total funding | $35.0 million |
| Cost sharing | not required |
| Assistance Listings | 11.307 |

## Who can apply

- State governments
- County governments
- City or township governments
- Public and State controlled institutions of higher education
- Native American tribal governments (Federally recognized)
- Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education
- Others (see text field entitled "Additional Information on Eligibility" for clarification)

Pursuant to section 3(4)(A) of PWEDA (42 U.S.C. § 3122(4)(A)) and 13 C.F.R. § 300.3 (Eligible Recipient), eligible applicants under the EAA program include a(n): (i) District Organization of an EDA-designated Economic Development District (EDD); (ii) Indian Tribe or a consortium of Indian Tribes; (iii) State, county, city, or other political subdivision of a State, including a special purpose unit of a State or local government engaged in economic or infrastructure development activities, or a consortium of political subdivisions; (iv) institution of higher education or a consortium of institutions of higher education; or (v) public or private non-profit organization or association acting in cooperation with officials of a general purpose political subdivision of a State unless EDA waives the cooperation requirement. Under its EAA program, EDA is not authorized to provide grants or cooperative agreements to individuals or to for-profit entities. Requests from such entities will not be considered for funding.

## What the grant funds

This NOFO funds two distinct programs, both of which are described in more detail below, and designed to support underserved communities and populations across the country in developing successful economic development plans and projects: 1) the Economic Recovery Corps Fellows program and 2) the Equity Impact Investments program. The Economic Recovery Corps program will add staff resources to local organizations focused on improving economic resilience and competitiveness in distressed regions across the country. EDA is seeking applications from eligible parties to create and launch a nationwide network of Economic Recovery Corps Fellows (Fellows) to help regions recover from the coronavirus pandemic by providing supplemental staff resources (i.e., Fellows) to economic development capacity-building organizations to increase their ability to effectively engage in local and regional economic development. Eligible applicants should consider strategies to build and form a national initiative that will place and coordinate Fellows across America to support two key activities: Technical Assistance – enable communities to access funding and participate in economic development programs and initiatives through preparation, training, and implementation assistance Knowledge and Insights – study, organize, and disseminate information, data, and analysis to accelerate the adoption of future-focused economic development principles and practices To learn more about this program visit: https://www.eda.gov/programs/economic-recovery-corps The Equity Impact Investments program will provide technical assistance to enable organizations serving underserved populations and communities to participate in economic development planning and projects. Under the Equity Impact Investments Program, EDA is hoping to make one national award and is seeking applications from eligible parties to coordinate organizations with a proven track record of effectively working with, conducting outreach to and delivering outcomes for underserved populations and communities to improve equity outcomes for both future and current EDA grantees. EDA seeks proposals that will drive the equity outcomes of economic development work through a suite of technical assistance and coordination activities. Applicants should be well-versed in how to build and implement successful economic development plans that deliver tangible results.

## Questions people ask

### Is EDA-HDQ-RNTA-2022-2007441 still open?

No. It closed on August 5, 2022. A newer notice is open: EDA-DISASTER-2025, rolling or no fixed deadline.

### Who can apply for FY 2022 CARES Act Economic Recovery Corps and Equity Impact Investments NOFO?

Department of Commerce accepted applications from nonprofits, colleges and universities, state and local governments and tribes. The notice adds further conditions, so read its eligibility section.

### What is the deadline for FY 2022 CARES Act Economic Recovery Corps and Equity Impact Investments NOFO?

Closed August 5, 2022. Applications are no longer accepted; the program's newer notices are on this page when there are any.

### How much funding is available?

Awards of up to $30.0 million each. About $35.0 million in total across about 2 awards.

### Who has won Economic Adjustment Assistance grants before?

The largest recipients over five fiscal years were The Research Foundation for the State University of New York, Wichita State University, The Southeast Conference. The program made 1,882 awards worth $4.7 billion in that time.