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

Agency: Department of Commerce

11.307 -- Economic Adjustment Assistance

Archived opportunityLast Updated: May 13, 2026

Description

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. Applicants should leverage this expertise, along with a strong network of local and regional economic and community development organizations, to effectively bring organizations that serve underserved populations and communities into local economic development projects and plans.

To learn more about this program visit: www.eda.gov/programs/equity-impact-investments

Eligibility

Eligible applicants

Government

County governments
City or township governments
Federally recognized Native American tribal governments
State governments

Miscellaneous

Other

Nonprofit

Nonprofits non-higher education with 501(c)(3)

Education

Public and state institutions of higher education

Additional information

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.

Grantor contact information

Description

Fellows: networks@eda.gov Equity: equityimpacts@eda.gov

Email

Reach out with questions about this NOFO

networks@eda.gov

Documents

File name	Description	Last updated
FY22_Economic_Recovery_Corps_and_Equity_Impact_Investments_NOFO_Final_6.16.22.pdf	FY22 Economic Recovery Corps and Equity Impact Investments NOFO	Jun 16, 2022 05:59 PM UTC

Link to additional information

Archived: September 4, 2022

Application process

This site is a work in progress. Go to www.grants.gov to apply, track application status, and subscribe to updates.

Award

$35,000,000

Program Funding

Expected awards

$3,000,000

Award Minimum

$30,000,000

Award Maximum

Funding opportunity number:

EDA-HDQ-RNTA-2022-2007441

Cost sharing or matching requirement:

Funding instrument type:

Cooperative agreement

Grant

Opportunity Category:

Discretionary

Opportunity Category Explanation:

Category of Funding Activity:

Other

Category Explanation:

Economic Development, Technical Assistance, Equity

History

Version:

Posted date:

June 16, 2022

Archive date:

September 4, 2022