Economic Development Recovery and Resiliency Playbook - Flipbook - Page 94
Recovery Resources
Recovery is an essential part of your activities afer a crisis. The following resources highlight federal, state, regional, local, and
private sector resources that can be used for post-disaster economic sustainability. Many resources are created in response to
and made available as an event occurs, but the programs summarized here are evergreen for disaster events nationwide.
In addition, preparing to apply for the opportunities included here will help equip you with the tools needed to capitalize on
future opportunities as they emerge. The resources are organized by funding source and/or the area addressed by the funding.
Federal Recovery Resources
U.S. Economic Development Administration (EDA)
With a long history of successfully supporting disaster recovery and resiliency eforts throughout the United States, EDA
facilitates timely and efective delivery of federal economic development assistance to support long-term community economic
recovery planning and project implementation.
In California, EDA has invested in wildfire relief, resiliency, and green projects to reduce flooding. From time to time, Congress
provides EDA supplemental appropriations targeting disaster recovery. The resources are organized by funding source and/or
the area addressed by the funding.
EDA has two regular funding opportunities, Public Works and Economic Adjustment Assistance.
Public Works — This program empowers distressed communities to revitalize, expand, and upgrade their physical
infrastructure to attract new industry, encourage business expansion, diversify local economies, and generate or retain longterm, private sector jobs and investment.
Economic Adjustment Assistance (EAA) — EDA’s most flexible program assists state and local interests in designing and
implementing strategies to adjust or bring about change to an economy. The program focuses on areas that have experienced
or are under threat of serious structural damage to the underlying economic base. When Congress approves Supplemental
Disaster Recovery funding, it is generally to the EAA program.
U.S. Department of Agriculture (USDA) Rural Development Loan and Grant Programs
OneRD Guarantee Loan Initiative. USDA ofer lenders a number of loan guarantees that cover the following programs/areas:
• Water and Waste Disposal (for public bodies, nonprofit businesses, and federally recognized Tribes);
• Community Facilities (for public bodies, nonprofit organizations, and Indian Tribes on federal and state reservations);
• Rural Energy for America Program (for rural small businesses and agricultural producers that need to purchase/install a
renewable energy system or make energy eficiency improvements); and
• The Business & Industry (B&I) Loan Program. To qualify for this support, lenders need the legal authority and financial
strength to operate a successful lending program (more information below).
Business and Industry (B&I) Loans. The USDA B&I Loan Program augments the existing private credit structures of rural
communities. This program ofers loan guarantees for rural businesses, which allow private lenders to extend additional credit.
Guaranteed loans are available for businesses and organizations, in a city or town with of less than 50,000 inhabitants, in the
following categories:
• For-profit or nonprofit businesses;
• Cooperatives;
• Federally recognized Tribes;
• Public bodies; and
• Individuals engaged or proposing to engage in a business.
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CALED | Economic Development Recovery and Resiliency Playbook
