Funding Sources for Economic Development - Financial Assistance Programs

Contents

• Federal Sources
• Washington State Sources
• American Recovery and Reinvestment Act (ARRA)
• Private Nonprofit Sources
• MRSC Related Pages
  • Grant Resources for Washington Local Governments
  • Economic Development Program Incentives

Federal Sources

• Economic Development Administration Funding Opportunities
• EPA Environmental Finance Tools - Environmental Protection Agency
• Housing and Urban Development
  • Funding - Library Resources
  • Office of Community Planning & Development
  • Office of Economic Development
  • Rural Housing and Economic Development - An information clearinghouse providing technical assistance, training, and information resources to support rural housing and economic development
• Recovery Zone Economic Development Bonds - a new type of bond created by the American Recovery and Reinvestment Act (ARRA) passed by Congress in February 2009. They may be used to finance government projects with economic development outcomes - Washington State Department of Commerce
• Small Business Administration
• U.S. Department of Agriculture
  • Business Programs Rural Business-Cooperative Service (RBS) and Business Programs (BP)
  • Rural and Community Assistance Programs - U.S. Forest Service
  • USDA Rural Development Online Funds Available  

Washington State Sources

• Highways and Local Programs Grant Sources - Washington State Department of Transportation
  • Infrastructure Funding Sources Database
• Washington State Department of Commerce (formerly CTED)
  • Economic Development  - Listing of Programs by Division 
  • Washington State Department of Commerce Index of Services, Grants and Loans - Browse List
  • Community Economic Revitalization Board (CERB)
• Washington Housing and Finance Commission Nonprofit Facilities Financing - Among the projects funded are cultural, economic development, job training facilities
• Washington State Public Works Board
  • Washington State Public Works Board - See Left Column for Loan Programs
    • Loan Programs At a Glance - Chart

American Recovery and Reinvestment Act (ARRA)

General

• American Recovery and Reinvestment Act of 2009 ( 1 MB)
• Recovery.gov - U.S. Government site
• Recovery.wa.gov - Washington State Government site
  • The American Recovery & Reinvestment Act: Washington State Program Summary ( 277 KB) -  Complete List of Funding Categories
  • County by County Map of Recovery Funding 
  • Recovery.wa Program Contacts - Fund sources available by application and the agency responsible for distributing the money.
• How to Access Funds from the American Recovery and Reinvestment Act - Association of Washington Cities
• American Public Works Association Economic Recovery 2009
• MainStreet Economic Recovery -  U.S. Conference of Mayors
• National League of Cities Economic Recovery Resources

Build America Bonds

• Updated: New Bond Financing Options – Build America Bonds and Recovery Zone Bonds ( 303 KB), K&L Gates Public Finance & Tax Alert, June 2009  - Posted with Permission from K& L Gates
• Treasury Announces $25 Billion in Direct Allocations of Recovery Zone Bonds - New Program to Help State, Local Governments Finance Economic Development, TG 168, June 12, 2009 
  • Link to the total state allocations and the complete list of direct county and large city allocations (152 MB) - Cited in TG 168
• Treasury Releases Guidance on Build America Bonds and School Bonds, TG-80, April 3, 2009
• IRS Issues Guidance on New Build America Bonds, IR-2009-33, April 3, 2009

Selected Economic Recovery Information from Washington Jurisdictions

• Puget Sound Regional Council - Federal Economic Recovery Funding
• Clark County American Recovery and Reinvestment Act of 2009(ARRA) ( 45 KB) -  Funds the county expects to receive from the federal stimulus monies
• Seattle -  Recovery.Seattle.gov 
• Yakima County Region Transportation Improvement Projects for federal Economic Recovery Funds ( 12 KB) - Yakima Valley Conference of Governments

Private Nonprofit Sources

• ShoreBank Enterprise Cascadia 
• Economic Development Finance Services - National Association of Development Organizations (NADO)

Funding Sources for Economic Development - Financial Assistance Programs Related Resources
MRSC Index – Financing economic development, government sponsored funding programs, loan programs