EDA clarifies commitments vs. match and the rate-of-return calculation for Path 3 applicants
EDA presenters said match is the 20% cost share tied to eligible project scope, while commitments are broader actions (financial, policy, partnerships) that need not be eligible activities and are not directly monitored during the grant period; applicants must include a rate-of-return sentence (monetized commitments ÷ EDA funding) in the overarching narrative.
The full story
During the Feb. 3, 2026 webinar, Grace Klein of the Economic Development Administration explained the core distinction applicants must reflect in Path 3 applications: match is a monetary cost share within the eligible project scope, while commitments are actions or investments by stakeholders that further coalition goals but need not be covered by the NOFO’s eligible activities.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.