As noted above, this announcement introduces the concept of funding cycles in the context of EDA’s grants-making process for the Public Works, Economic Adjustment Assistance, and GCCMIF Programs.

In FY 2011, EDA will no longer process projects on a continuing basis and will implement a new

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process under which the agency will consider applications under the three abovementioned programs at a set time in roughly quarterly funding cycles.

This new process will enhance the competitiveness, transparency, and efficiency of EDA’s grants-making process, and it will also allow EDA to be more responsive to applicants.

Applicants will receive an answer from EDA sooner and will be able to better plan for their economic development needs.

EDA will continue to accept applications on a continuing basis, but if an applicant wishes to be considered for a particular funding cycle, EDA must receive a complete application as set out in section V.B.

of the FFO by the applicable funding cycle deadline.

Eligible applicants have the option of receiving preliminary feedback on an application’s technical and competitive merits by submitting the application for an optional preliminary review as described in section V.A.

of the FFO.Please see the FY 2011 FFO, to which a link is provided below, for more information on EDA’s programs and the agency’s new process.

Contact the applicable regional office listed in section IX.

of the FFO if you have any questions on EDA's process.