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The Michigan Economic Development Corporation (MEDC), on behalf of the Michigan Strategic Fund, was seeking proposals from eligible Michigan organizations to support required funding match to the U.S. Economic Development Administration’s (EDA) CARES Act Recovery Assistance program.
This program is now closed. The MEDC will use Community Development Block Grant (CDBG) funds for this opportunity. All available matching funds have been allocated.
The U.S. Economic Development Administration (EDA) announced in May 2020 that $225,000,000 is now available to the Chicago Regional Office, which covers Michigan, through its CARES Act Recovery Assistance effort for competitive proposals to the Economic Adjustment Assistance program.
To be considered the following criteria must be met:
The MEDC is allocating CDBG funds to contribute up to half of the required match of the total project award (not to exceed $250,000) for eligible Michigan proposals. Funding objectives for MEDC match include:
The MEDC will use the following criteria to evaluate proposals:
Quality of proposal: (Up to 35 points)
Alignment with MEDC Strategic Plan Focus Areas* – how well explained; approach proposed: (up to 35 points)
Alignment with funding opportunity: (Up to 20 points)
Capacity, experience, organizational performance: (Up to 15 points)
*Note: While strong alignment with at least one of the four Strategic Focus Areas is important, it is not critical to align with all or most to achieve full points.