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Asset Based Planning

Upon the completion of listening sessions in 2015, TNECD recognized the need for more assistance for distressed communities. The Asset-Based Planning program was developed through the Rural Task Force to assist those communities with strategic planning and development of short-term goals that would address the causes of distress: unemployment rate, per capita income, and poverty rate. In 2016, 23 counties participated in the program, and it was expanded to include 21 more at-risk counties in 2017.

TNECD and the University of Tennessee Institute for Public Service worked with the communities to develop action-oriented goals based on the communities’ assets. Following that process, TNECD wanted to ensure that the communities had the resources to accomplish their goals and created the Asset Enhancement Grant program. 

Eligible communities can apply for up to $50,000 (or $100,000 for regional projects) to implement their strategic plans. The Asset Enhancement Grant is intended to be flexible so that each county applies for what will make the most impact for their community.

Applications are due April 15, 2018 for the second round of communities that completed their action plans in the Fall of 2017. Communities that participated in the first round will be invited to update their plans in the Spring of 2018.

Grant Overview

  • Up to $1,000,000 available for the Round 2 participating counties
  • Approximately 20 grants of up to $50,000 will be awarded
  • One application will be accepted from each county that developed an Asset-Based Plan with TNECD and UT IPS during the fall of 2017
  • Match rate: 95/5
  • The project must lead to the completion of a short-term goal from the county’s Asset-Based Plan
  • The project should be able to be completed in 6 months (maximum of 12 months)
  • Governmental entities or Chambers of Commerce, Economic Development Organizations, and Industrial Development Boards are eligible to apply
  • Metrics must be presented for project close-out and for the following 24-month period
  • Up to $20,000 of the funds can be used for development of a plan and up to $15,000 for marketing expenses. Planning or marketing requests may be combined with other items as long as the overall project completes at least one short-term goal identified in the Asset-Based Plan.
  • Up to 5% of grant funds can be used for administration
  • Regional projects are eligible for up to $100,000. Only 1 project can be funded for each county or set of counties
  • TNECD reserves the right to adjust the scope and/or budget of the applications. Regardless of funding availability, applications that fail to achieve a minimum designated score will not be funded. 

Timeline

February 1, 2018 Applications Available  
April 30, 2018 Applications Due  
May, 2018 Award Announcements  
June 2018 Project Begins  

Scoring

 

Public Benefit/Impact

30

The degree that the proposed project aligns with asset-based planning and will complete a goal

Very little

3

10

Moderate

7

Significant

10

The demonstrated need for the project

Very little

3

10

Moderate

7

Significant

10

The overall employment and economic impact of the project

Very little

3

10

Moderate

7

Significant

10

Implementation

30

The degree of project readiness and ability to implement upon award in the contract time period

No evidence

0

10

Average

4

Very good

7

Excellent

10

The reasonableness of the project costs

No evidence

0

10

Average

4

Very good

7

Excellent

10

The administrative capacity of the applicant, and the degree to which the applicant has demonstrated a clear understanding of, and ability to meet, the program requirements.

No evidence

0

10

Average

4

Very good

7

Excellent

10

Leveraged Resources

10

Number of public/private or public/public partnerships

1

2

6

2

4

3+

6

The availability and commitment of non-state leverage

None

0

4

Some

2

Significant

4

Performance Measures

20

Identified performance metrics

No evidence

0

20

Average

6

Very good

14

Excellent

20

Sustainability

10

Identify plan for sustaining the project in the future

No evidence

3

10

Average

7

Very good

10