§ 4280.427 Application.

Applications for an RBDG grant as specified in § 4280.417(a)(1) and (2) must contain the following: (a) An original and one copy of SF 424, “Application For Federal Assistance (For Non-construction);” (b) Copies of applicant's organizational documents showing the applicant's legal existence and authority to perform the activities under the grant; (c) A proposed scope of work, including a description of the proposed Project, e.g., RLF, Technical Assistance, Industrial Site, Business Opportunity and Other Business Development, details of the proposed activities to be accomplished and timeframes for completion of each task, the number of months duration of the Project, and the estimated time it will take from grant approval to beginning of Project implementation; (d) A written narrative that includes, at a minimum, the following items: (1) An explanation of why the Project is needed, the benefits of the proposed Project, and how the Project meets the grant eligible purposes; (2) Area to be served, identifying each governmental unit, i.e. town, county, etc., to be affected by the Project; (3) Description of how the Project will coordinate Economic Development activities with other Economic Development activities within the Project area; (4) Business to be assisted, if appropriate, and Economic Development to be accomplished; (5) An explanation of how the proposed Project will result in newly created, increased, or supported jobs in the area and the number of projected new and supported jobs within the next 3 years; (6) A description of the applicant's demonstrated capability and experience in providing the proposed Project assistance or similar Economic Development activities, including experience of key staff members and persons who will be providing the proposed Project activities and managing the Project; (7) The method and rationale used to select the areas and businesses that will receive the service; (8) A brief description of how the work will be performed including whether organizational staff or consultants or contractors will be used; and (9) Other information the Agency may request to assist it in making a grant award determination; (e) The latest 3 years of financial information to show the applicant's financial capacity to carry out the proposed work. If the applicant is less than 3 years old, at a minimum, the information should include all balance sheet(s), income statement(s) and cash flow statement(s). A current audited report is required if available; (f) Intergovernmental review comments from the State Single Point of Contact, or evidence that the State has elected not to review the program under Executive Order 12372; (g) Documentation regarding the availability and amount of other funds to be used in conjunction with the funds from the RBDG; (h) A budget which includes salaries, fringe benefits, consultant costs, indirect costs, and other appropriate direct costs for the Project; and (i) RBDG construction Project grants must conform with 7 CFR part 1924, subpart A requirements.