307.4—Award requirements.
(a) General.
EDA will select Economic Adjustment Assistance Projects in accordance with part 301 of this chapter and the additional criteria provided in paragraphs (b) and (c) of this section, as applicable.
(b) Strategy Grants. EDA will review Strategy Grant applications to ensure that the proposed activities conform to the CEDS requirements set forth in § 303.7 of this chapter.
(c) Implementation Grants.
(1)
EDA will review Implementation Grant applications for the extent to which the:
(ii)
Proposed Project is identified as a necessary element of or consistent with the applicable CEDS.
(2) Revolving Loan Fund Grants.
For Eligible Applicants seeking to capitalize or recapitalize an RLF, EDA will review applications for the:
(i)
Need for a new or expanded public financing tool to enhance other business assistance programs and services targeting economic sectors and locations described in the CEDS;
(iii)
Capacity of the RLF organization to manage lending activities, create networks between the business community and other financial providers, and implement the CEDS.