EDA Launches a New Grant Approval Process

EDA will implement a new grant approval process starting in FY2011, which is intended to improve competiveness, transparency and efficiency. The new process includes continuous technical assistance and customer service, quarterly rounds of funding, enhanced responsivenessand competitive selection framework. Only Public Works, Economic Adjustment and Global Climate Change Mitigation Incentive Fund (GCCMIF) investments will be made under the new system. The first funding cycle deadline will be Dec15. Assistant Secretary John Fernandez will host a webinar —Improving EDA's Approval Process — on Nov 4, at 2 p.m. to discuss EDA's new grant approval process and answer questions. More information regarding EDA's new grant approval process is available at: http://www.eda.gov/InvestmentsGrants/Grant%20Process.xml.