Defense
Economic Adjustment Assistance
The Defense Economic
Adjustment Assistance Grant Program has been established to assist adversely
impacted defense-dependent communities in responding to or recovering
from defense closures or realignments of defense installations, or reductions
or termination of defense contracts. State grants are available to local
municipalities, counties or regional planning commissions representing
these communities*. Funding is available to these local governmental
entities to meet matching requirements for federal funding or for purchase
of Department of Defense property, new construction, rehabilitation
of facilities or infrastructure, or purchase of capital equipment or
insurance. The state grants will provide 50 percent of the amount of
matching money or investment that the local governmental entity is required
to provide (in some cases, special community hardship grants may be
provided up to 80 percent of the local governmental entity share). The
total amount of the grant may range from $50,000 to $2 million.
Applications will
be scored by a review panel appointed by the Executive Director of Texas
Economic Development. Scoring criteria includes:
· the significance of the adverse effect of the loss of DoD expenditures
within the local community
· the extent to which local resources are used to promote economic
development
· the amount of previous state grants received by the applicant
· the anticipated jobs to be created as a result of the grant
· the impact of the grant on the region
Applicants will be encouraged to acquire financial assistance for eligible
development projects from a variety of sources, including federal, state,
local, and public/private foundations. In addition, the review panel
will ensure that one adversely affected defense-dependent community
is not disproportionally favored over another in recommending grant
funding.
The Governing Board
of Texas Economic Development will approve all grants.
Specific application
procedures and program implementation rules are available on-line or
by calling 512/936-0517.
Defense Economic Adjustment Assistance Grant Program Application
Defense Economic Adjustment Assistance Grant Program Rules
Defense Economic Adjustment Assistance Grant Program Implementing Legislation
* SB930 passed by
the 76th Texas Legislature, expands eligible entities to include Junior
College Districts and Texas State Technical College campuses or extension
centers in a adversely affected communities.
Note: All grant
monies authorized by the 75th and 76th Legislature have been awarded
or designated for award. Authorization of any additional funds is dependent
on future Legislative action.
CONTACT US:
Office of Defense Affairs
Texas Economic Development
P.O. Box 12728
Austin, TX 78711-2728
Phone: (512) 936-0517
FAX: (512) 936-0435 TDD: (512) 936-0555
