[Code of Federal Regulations]
[Title 13, Volume 1]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 13CFR301.7]

[Page 604]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
CHAPTER III--ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE
 
PART 301_ELIGIBILITY, INVESTMENT RATE AND PROPOSAL AND APPLICATION 
 
  Subpart E_Proposal and Application Requirements; Evaluation Criteria
 
Sec.  301.7  Investment Assistance proposal.


    (a) The EDA Investment Assistance process begins with the submission 
of an Investment Assistance proposal. Investment proposals are submitted 
on a Pre-application for Investment Assistance (Form ED-900P or any 
successor form) that may be obtained from EDA's Internet Web site at 
http://www.eda.gov or from the appropriate regional office. EDA 
generally accepts proposals on a competitive and continuing basis to 
respond to market forces in Regional economies. The timing with which 
competitive investment opportunities arise, as determined by the 
criteria set forth in Sec.  301.8, paired with the availability of funds 
in a given fiscal year, will affect EDA's ability to participate in any 
given Project. EDA will evaluate all proposals using the criteria set 
forth in Sec.  301.8 and will:
    (1) Solicit a formal application from the proponent;
    (2) Return the proposal to the proponent for specified deficiencies 
and suggest resubmission upon corrections; or
    (3) Deny the proposal for specifically stated reasons and notify the 
proponent.
    (b) For certain programs, EDA may instruct an Eligible Applicant to 
submit an Application for Investment Assistance (Form ED-900A or any 
successor form) in lieu of the Pre-application for Investment Assistance 
(Form ED-900P or any successor form).