Posted on: February 16th, 2011 by NADO Admin




2020 NADO Legislative Priorities

Legislative Fact Sheets

Additional Resources

  • NADO EDA Revolving Loan Fund Defederalization Webinar (recording) (https://www
  • NADO EDA CARES Act Funding Webinar (recording)  (https://vimeo

RLF Act of 2020 Becomes Law

On Friday October 30 2020 the Reinvigorating Lending for the Future (RLF) Act of 2020 (S. 4075 (https://www NULL.congress NULL.+4075%22%5D%7D&r=1&s=1)) was signed into law. This legislation reforms the U.S. Department of Commerce Economic Development Administration’s (EDA) Revolving Loan Fund (RLF) program by eliminating burdensome “in perpetuity” reporting requirements and releasing the federal interest in EDA RLFs after seven years, thereby providing more local flexibility to RLF operators as they administer this program on behalf of their communities. Now that the bill has been signed into law, EDA will be permitted to release the federal interest in RLFs that have operated satisfactorily for seven years since the disbursement of grant funds. EDA is currently developing policies and procedures to implement this law, so please look out for more information coming directly from EDA on exactly how this process will work. NADO is grateful to all the NADO members, coalition partners, and other advocates who engaged members of Congress and helped advocate for this reform, as well as the Senate and House champions who introduced and supported this legislation, and the congressional staffers who helped facilitate the process.

COVID-19 Advocacy Resources

Since the onset of the COVID-19 pandemic, NADO’s legislative team has been working to advocate on behalf of NADO members to provide them with tools and resources to help their communities combat the short and long-term regional economic impacts of COVID-19. As NADO moves forward with our advocacy efforts, we will continue to update and share information, including various resources and funding opportunities to support our members as they address the pandemic. Additional COVID-19 resources can also be found on NADO’s RDO COVID-19 Resource Center.

Webinar Recording Now Available on EDA CARES Act Funding 

On May 19 2020 the National Association of Development Organizations (NADO) (http://www NULL.nado and officials from the U.S. Department of Commerce Economic Development Administration (EDA) (http://www NULL.eda hosted a webinar to share information about the $1.5 billion in supplemental funding that EDA received in the CARES Act (https://www NULL.eda, which was enacted on March 27 in response to the COVID-19 pandemic.

EDA experts featured during this webinar discussed the EDA Notice of Funding Opportunity (NOFO) (https://www NULL.grants NULL.html?oppId=321695) addendum that guides the administration of this supplemental EDA funding. EDA staff also explained the non-competitive funding process through which Economic Development Districts (EDDs), EDA Revolving Loan Fund (RLF) operators, and EDA University Centers may be eligible to receive expedited funding.  Click here to view the recording and access the slides.

EDA COVID-19 Notice of Funding Opportunity (NOFO) Addendum Released 

On May 7 2020 the U.S. Department of Commerce Economic Development Administration (EDA) released the Notice of Funding Opportunity (NOFO) addendum and related guidance determining how EDA will administer the $1.5 billion that EDA received in the CARES Act. The NOFO addendum can be found here (https://www NULL.grants NULL.html?oppId=321695). Specifically, the guidance pertaining to this competitive EDA funding is attached as a five-page addendum added at the bottom of the existing FY 2020 EDA NOFO. Other general information on this funding opportunity is also available at (https://www NULL.eda, and EDA has also provided answers to FAQs (https://www NULL.eda NULL.htm) as well as guidance on how EDA will provide flexibilities for EDA RLF operators. (https://www NULL.eda NULL.htm)

NADO Successfully Advocates for $1.5 Billion in Funding for EDA in the CARES Act

On March 27 2020 the Coronavirus Aid, Relief, and Economic Security (CARES) Act (H.R. 748 (https://www NULL.congress was signed into law. The legislation aims to address and mitigate the economic impacts of the COVID-19 pandemic, and to provide economic relief for individuals, businesses, cities, and states. In addition to a variety of other sources of federal funding, the bill includes $1.5 billion in supplemental funding for the Economic Development Administration (EDA), which NADO and other partner organizations successfully advocated to include. The CARES Act is the third tranche of funding passed in response to COVID-19, following the passage of HR 6074 (https://www NULL.congress and HR 6201 (https://www NULL.congress A summary of the funding breakdown in the CARES Act can be found here (https://www NULL.appropriations NULL.senate NULL.pdf).

For more information, please contact Mirielle Burgoyne, Director of Government Relations, at 202-921-4443 or [email protected] (mburgoyne null@null nado

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