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Economic Development_Support for Planning Organizations

Published on AidPage by IDILOGIC on Jun 24, 2005

Assistance considerations...

Length and Time Phasing of Assistance

Generally 12 months. Funds are released in two payments over the course of the grant period. Aids the long-range economic development of areas with severe unemployment and low family income problems; helps to create an environment where higher paying lucrative jobs are created; and creates new, permanent jobs.

Formula and Matching Requirements

This program has no statutory formula and no legal or administrative regulations or prescribed factors to be used to allocate funds among eligible applicants. The Federal share may be 50 percent of the total project cost and the required local share must be obtained from nonfederal sources in the form of cash and/or in-kind contributions. An eligible applicant may request a supplementary grant in excess of 50 percent if it meets the criteria established in 13 CFR 301.4(b) or 13 CFR 306.3(b) as appropriate. The Secretary may authorize up to 100 percent funding for Indian Tribes.

A formula may be based on population, per capita income, and other statistical factors. Applicants are informed whether there are any matching requirements to be met when participating in the cost of a project. In general, the matching share represents that portion of the project costs not borne by the Federal government. Attachment F of OMB Circular No. A-102 (Office of Management and Budget) sets forth the criteria and procedures for the evaluation of matching share requirements which may be cash or in-kind contributions made by State and local governments or other agencies, institutions, private organizations, or individuals to satisfy matching requirements of Federal grants or loans.

Cash contributions represent the grantees' cash outlay, including the outlay of money contributed to the grantee by other public agencies, institutions, private organizations, or individuals. When authorized by Federal regulation, Federal funds received from other grants may be considered as the grantees' cash contribution.

In-kind contributions represent the value of noncash contributions provided by the grantee, other public agencies and institutions, private organizations or individuals. In-kind contributions may consist of charges for real property and equipment, and value of goods and services directly benefiting and specifically identifiable to the grant program. When authorized by Federal legislation, property purchased with Federal funds may be considered as grantees' in-kind contribution.

Maintenance of effort (MOE) is a requirement contained in certain legislation, regulations, or administrative policies stating that a grantee must maintain a specified level of financial effort in a specific area in order to receive Federal grant funds, and that the Federal grant funds may be used only to supplement, not supplant, the level of grantee funds.