This funding opportunity supports communities severely impacted by natural disasters in 2023 and 2024 by investing in projects that promote economic recovery and transformation. It offers three funding pathways: Readiness projects to prepare for recovery efforts; Implementation projects addressing economic challenges with construction or non-construction activities; and Industry Transformation projects led by regional coalitions to fundamentally change economic trajectories. Projects must engage community and private industry partners to exceed pre-disaster economic baselines.
Eligible applicants include tribal governments, state and local governments, economic development organizations, nonprofits (excluding individuals and for-profits), institutions of higher education, and public-private partnerships. Individuals and for-profit entities are not eligible.
