Measuring Economic Development Strategies' Impact

GrantID: 55933

Grant Funding Amount Low: $100,000

Deadline: August 18, 2023

Grant Amount High: $100,000

Grant Application – Apply Here

Summary

If you are located in and working in the area of Research & Evaluation, this funding opportunity may be a good fit. For more relevant grant options that support your work and priorities, visit The Grant Portal and use the Search Grant tool to find opportunities.

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Awards grants, Community Development & Services grants, Community/Economic Development grants, Health & Medical grants, Non-Profit Support Services grants, Other grants.

Grant Overview

Data-Driven Economic Development Strategies

This research initiative seeks to explore the impact of data on local economic development strategies. By establishing collaborations between small businesses, trade organizations, and economic development agencies, the program aims to implement innovative solutions that specifically address market challenges. Importantly, this funding does not support generic economic assistance programs or direct financial aid to businesses.

A relevant example is a project that utilizes data analytics to identify emerging market trends in a specific local economy, enabling small businesses to refine their strategies and enhance competitiveness. Another scenario might involve an academic research partnership that examines data sets to determine the efficacy of workforce training programs in fostering economic resilience among local communities. By analyzing these trends, policymakers can devise targeted interventions that address specific gaps.

Ideal applicants for this grant include academic researchers, economic development organizations, and non-profits with a clear mandate to foster economic growth through data analytics. Conversely, businesses seeking direct funding to alleviate operational costs or immediate financial strain will not qualify.

Funding requirements emphasize the need for creative data utilization and analysis methods that provide tangible insights for local economic conditions. Projects must demonstrate a clear pathway from data collection to actionable strategies that improve economic performance. Applicants should also show capacity in managing data projects, including technical capabilities and experience with relevant software tools and methodologies.

Overall, this initiative seeks to harness the potential of data-driven strategies to enhance overall economic performance, directly influencing job growth, business sustainability, and community revitalization.

Eligible Regions

Interests

Eligible Requirements

Grant Portal - Measuring Economic Development Strategies' Impact 55933

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