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Lee Shirey EUP FEDERAL SUMMIT
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EDA’s MISSON What EDA’s Mission Means to You
Lee Shirey EUP FEDERAL SUMMIT EDAs MISSON What EDAs Mission Means - - PowerPoint PPT Presentation
Lee Shirey EUP FEDERAL SUMMIT EDAs MISSON What EDAs Mission Means - - PowerPoint PPT Presentation
Lee Shirey EUP FEDERAL SUMMIT EDAs MISSON What EDAs Mission Means to You Promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy. 2 EDAs Chicago Region
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EDA’s Chicago Region
Illinois Indiana Michigan Minnesota Ohio Wisconsin
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EDA PROGRAMS
Planning Assistance
Short-Term Planning Partnership Planning
Local Technical Assistance
Industry cluster strategies Implementation of targeted strategies Pilot programming for a limited time
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EDA PROGRAMS
Public Works Assistance
Construction of economic development
infrastructure and facilities.
Economic Adjustment Assistance
To assist region’s suffering from a natural or
economic disaster
Assistance EDA offers under its other
regular programs is available under Economic Adjustment
Strategy or Implementation
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Other Programs
Regional Innovation
Strategies
I6 Challenge Innovation Parks Seed Capital Investing In
Manufacturing Community Partnerships
EDA Programs
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EDA INVESTMENT PRIORITIES
EDA’s Investment Priorities
Collaborative Regional Innovation Public Private Partnerships National Strategic Priorities Global Competitiveness Environmentally-Sustainable Development Economically Distressed and Underserved
Communities
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EDA INVESTMENT PRIORITIES
Collaborative Regional Innovation
Collaboration among urban, suburban and
rural areas
Innovation clusters based on existing
regional competitive strengths
Support the growth of existing and
emerging industries
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EDA’S INVESTMENT PRIORITIES
Public/Private Partnerships
Use of both public and private sector
resources
Leverages investments by other
government/public entities and/or non- profits
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EDA’S INVESTMENT PRIORITIES
National Strategic Priorities
Manufacturing Expansion/Job growth:
Advanced, Sustainable, and Supply Chains
Economic Resiliency Coal Impacted Communities Urban Waters Information Technology Infrastructure Automotive Industry Restructuring Workforce Development Innovations in Science & Health Care Science & Research Parks Technology Transfer/Commercialization Access to Capital for SME’s and Ethnically
Diverse Enterprises
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EDA’S INVESTMENT PRIORITIES
Global Competitiveness
Support high-growth businesses Support innovation-based entrepreneurs To expand and compete in global
markets
Exporting Foreign Direct Investment Repatriation of Jobs
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EDA’S INVESTMENT PRIORITIES
Environmentally- Sustainable Development
Encourage best practices in
“environmentally sustainable development”
Enhance environmental quality and
develop and implement green products, processes and buildings
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EDA’S INVESTMENT PRIORITIES
Underserved Communities
Strengthen diverse communities that have
suffered disproportionate losses
Rebuilding to become more competitive in the
global economy
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Michigan Tech Enterprise Corporation MTEC SmartZone
- Funded under Public Works in
2008, EDA Grant $3 million
- business/technology incubator
- LEED Certified & SmartZone
- Estimated to create 350 jobs and
leverage $5 million in private investment Public Works Funded Projects
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Beaver Creek-Grayling Township Utility Authority
- Funded in 2016, EDA Grant $3.2
million
- construction of a water
distribution system.
- ARAUCO-Grayling Particleboard
Plant will be the largest ‘continuous’ single-line particleboard press in North America
- Estimated to create 279 jobs and
leverage $325 million in private investment Public Works Funded Projects
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Lakewood Wastewater Authority
- Funded under Public Works in 2012
- Wastewater Treatment Plant Industrial
Capacity Expansion.
- EDA grant $2.1M and TPC of $4.2M
- The region is heavily involved in food
processing.
- Project ROI: $92M and the creation of
160 new jobs Public Works Funded Projects
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Kettering University
- Funded in 2016
- EDA grant $1.9 million
- 19-acre autonomous vehicle test track
and research facility.
- Project ROI: $2M and the creation of
15 new jobs
- Former Brownfield site “Chevy in the Hole”
Public Works Funded Projects
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City of Sault Ste. Marie
- Funded under Public Works in 2010
- Renovation and LEED certification of the
Soo Industrial Incubator
- Construction and LEED certification of a
new 15,000 sq.ft. Soo Breeder Building- Technology Accelerator
- EDA grant $1.325 million and TPC of $2.650
- Leverages the LSSU Prototype
Development Center.
- Project ROI over 6 years is $3M and the
creation of 55 jobs Public Works Funded Projects
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Muskegon Community College
- Construct Muskegon Community College’s Applied
Technology Center.
- Funded in 2015
- Renovation of the Chronicle Newspaper Building in
Downtown Muskegon a 75,000 sq. ft. facility.
- Services include applied technology certifications,
entrepreneurial programming, experiential programming, and workforce training space to support the region's manufacturing base.
- EDA grant $2.5 million
- Project ROI: $15M in private investment, creation of 246 jobs
Public Works Funded Projects
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EAA Non-Construction
City of Wixom Economic Recovery Strategy
- Funded under EA-NC in 2012
- Address Impacts Ford Plant Closure
- $87,375 EDA Grant
Michigan State University- Regional Innovation Exporting Infrastructure.
- EUPRP, EMCOG & St. Clair
- Funded under EA-NC in 2011 & 2013
- $330,000 EDA Investment
- Bi-National Conference and Partnerships
Ann Arbor Spark
- Funded in 2011
- $250,000 EDA Grant
- Program support for Business Acceleration
Services Economic Adjustment Assistance Funded Projects
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EAA Non-Construction
Detroit Economic Growth Corporation & City of Detroit
- Funded in 2016, 3-year project
- Re-Industrialization Team
- $910,000 EDA Grant
Huron County EDC
- Funded in 2016, DTE Plant Closure
- Makerspace Feasibility Study
- $50,000 EDA Grant
City of Pontiac
- Funded in 2014
- Economic Recovery Strategy
- $79,000 EDA Grant
Economic Adjustment Assistance Funded Projects
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EAA Construction
Village of L’anse
- US-41 Industrial Park Development
- Funded in 2014
- $1.3M EDA Grant
- Support for rural capacity
- ROI: 84 jobs and $4.0 million in private investment
City of Detroit
- I-94 Industrial Park Georgia Street Expansion
- Funded in 2016
- EDA Grant $3.2 million
- Supports Detroit efforts to bring automotive
manufacturing back to Detroit.
- ROI: 650 jobs and $115.0 million in private
investment Economic Adjustment Assistance Funded Projects
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EAA Construction
Oscoda-Wurtsmith Airport Authority
- Apron Improvements to assist hanger
development.
- Funded in 2008
- $2.6M EDA Grant, TPC $3.5M
- Kalitta Air built a hanger resulted in over $2M
investment and 200 jobs. Additional Expansion. City of Clare
- Funded in 2013
- EDA Grant $2.7 & TPC $4.4
- 60 Acre Industrial Park & Water Tower
- ROI: 20 Jobs & $1M, Additional Buyers
Economic Adjustment Assistance Funded Projects
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Technical Assistance
Northeast Michigan Council of Governments
- Wood Corridor Cluster Analysis
- Funded in 2012
- $34,000 EDA Grant, TPC $68,000
- Analyzed opportunities to enhance the wood
production throughout the region. Lawrence Technological University
- Feasibility Study for the development of SE
Michigan Center for Innovation and Entrepreneurship
- Funded in 2012
- EDA Grant $70,000 & TPC $146,000
University Center Program
- Michigan State University & UofM-Flint
- Funded in 2016
- Regional Economic Asset
Local Technical Assistance Funded Projects
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Technical Assistance
Central Upper Peninsula Planning and Development
- Generating Economic Development
- Funded in 2014
- $51,000 EDA Grant
- feasibility of implementing affordable and
alternative energy solutions in government
- wned industrial parks in MI’s UP to facilitate
competitiveness. West MI Shoreline RDC
- Muskegon Port Study
- Funded in 2015
- EDA Grant $62,5000
- Eastern Upper Peninsula RPDC
- Transportation Logistics Study
- Funded in 2016
- EDA Grant $25,000
Local Technical Assistance Funded Projects
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Short Term Planning
I69 Trade Corridor & Genesee Area Focus Fund
- Development of a CEDS for Shiawassee, Genesee,
Lapeer and St. Clair Counties.
- Funded in 2013
- $70,000 EDA Grant, TPC $140,000
Baraga County & Western Upper Peninsula
- County Specific ED Strategy
- Funded in 2013
- EDA Grant $35,000 & TPC $50,000
- District Led Initiative.
Partnership Planning Program.
- EDA funds 13 EDDs across the State of Michigan
Planning Assistance Funded Projects
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Eligible Applicant?
State, Local and Special
Purpose Units of Local Government
Institutions of Higher
Education
Non-Profits (in cooperation
with a unit of local government)
ELIGIBILITY
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Area Eligible?
High Unemployment
24 month unemployment rate for the region
must be greater than 1% of the National Average
Low Per Capita Income
The PCI for the region must be less than 80%
- f the National Average.
Special Needs Sudden and severe
unemployment event
Natural disaster
ELIGIBILITY
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Consistent with a Regional Strategy?
Public Works and Economic
Adjustment – Implementation projects MUST be consistent with a relevant Comprehensive Economic Development Strategy (CEDS)
Proposals specifically
prioritized in a CEDS are typically more competitive
ELIGIBILITY
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A Few Things EDA Cannot Do
NO grant awards to for-profit
- rganizations
NO grant awards for infrastructure
- wned by a for-profit organization
NO infrastructure on land acquired
through eminent domain
NO grant awards to non-profits to
be used to purchase equity stakes in for-profit entities
Ineligible Activities
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Is the proposal ready for EDA consideration?
Local Share Available Unencumbered Acceptable Non-Federal
Project Readiness
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Is the proposal ready for EDA consideration?
Construction proposals Owned by the eligible
applicant or co-applicant
Mortgages and/or Liens
Project Readiness
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Is the proposal ready for EDA consideration?
Non-Construction proposals Contracting issues Indirect costs Equipment
Project Readiness
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What Makes A Competitive Application?
Confirmed Match: Cash vs. In-kind Geographic Distribution Economic Distress Return on Investment: Jobs/Private Sector Investment Regional Partnerships Project is part of a Regional Strategy Project meets EDA Investment Priorities
The EDA Application
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EDA’s Review Process
Public Works and Economic
Adjustment
Proposal-30 day turn around Full Application-60 turn around
Local Technical Assistance and
Planning
Rolling review process
EDA Application Process
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Your Economic Development Representative
Close to the community Expert in the program Able to provide technical
assistance: Start to Finish
Project Pitch Person Contact information is available
at www.EDA.gov
Role of your EDR
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Thank You
Lee Shirey Economic Development Representative Michigan & Wisconsin