ARKANSAS EDA STATEWIDE PLANNING GRANT PROGRAM
Through the Economic Development Administration, each state that applied was awarded a $1,000,000 non-competitive planning grant with American Rescue Plan Act funds. This funding enables a variety of state economic development initiatives to help states chart a coordinated path forward as their economies recover from the coronavirus pandemic.
The goal of this project is to identify sites that have strong potential, analyze the challenges of each site, and create a plan for improving the site to be shovel ready for targeted industry projects. Every site selected to be a part of the grant program will receive a final report discussing each site’s strengths, weaknesses, and a strategy to improve the site. A number of communities will also receive an in-depth economic impact analysis of their sites with possible targeted industries. These efforts will provide each community a course of action to take their site to the next level, allowing them to focus community efforts on making specific changes to enhance the site and increase the chances of landing a competitive project.
The community application will open online on March 15 and will contain questions related to the site, community readiness, and community economic development goals. The communities will have one month to submit their applications, and communities are allowed to submit more than one site if they would like. AEDC will evaluate each application based on the eligibility requirements and community application questions. Sites that do not meet the eligibility requirements will be disqualified.
In order for a site to qualify for application into this program, the site must:
• Be listed on AEDC/Entergy Site Selection database (or be in the process of listing the site)
• Be in an area intended for industrial development
• Be a minimum of 40 acres, maximum of 1,500 acres
Timeline of events
For more information or help with registering, feel free to contact us personally.
Project funding provided by U.S. Department of Commerce, Economic Development Administration.