EDA Announces $1.45 Billion Disaster Recovery Grant Funding Opportunity

President Trump is committed to unleashing the potential of the American economy, affording all Americans the opportunity to pursue their version of the American dream. However, nature often has other plans when damaging storms and unforeseen destructive natural disasters occur. This Administration champions an America First platform, and that extends to Americans needing assistance due to natural disasters. This Fiscal Year 2025 Disaster Notice of Funding Opportunity (Disaster NOFO) responds to that call and aims to seize the moment to support impacted communities to transform their local economies in new, vibrant ways.

As a result, this Disaster NOFO is different than those of previous Administrations. This NOFO seeks projects that are responsive to community needs post-disaster by engaging all aspects of the community, with special focus on private industry partners. No longer can economic development grants be made by bureaucrats in isolation. This NOFO places a considerable emphasis on private sector buy-in and investment as a critical indicator of project viability.

Click here to view the original article from the U.S. Economic Development Administration (EDA).