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Home » Economic Development » Topics » Economic Mobility
The Office of Economic Development announced a Notice of Funding Availability (NOFA) for programs that promote economic mobility in our community in October 2024. The project, entitled Economic Mobility in Motion: Moving New Orleanians Forward, is funded by the American Rescue Plan Act (ARPA). For further information and updates on the City's ARPA investments and initiatives, please visit the official website at https://nola.gov/arpa/.
Research shows that increased financial security leads to well-being by reducing stress, food insecurity, and housing insecurity. This funding will be leveraged to reach and serve several thousand New Orleanians and could lead to a significant impact on crime and poverty. The NOFA is expected to fund between six (6) and ten (10) applications with the goal of reaching 2,500 low- to moderate-income participants beginning in 2024. Awards will be between $250,000 and $1,000,000 over the project timeline. All funds must be expended by 2026. A portion of the funds will be used for program evaluation across all projects selected.
The deadline to apply for the available funding has passed.
A list of awardees from this NOFA is available here:
https://nola.gov/next/mayors-office/news/articles/january-2024/2024-01-10-economic-mobility-in-motion-recipients-en/.
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Last updated: 9/4/2024 2:06:53 PM
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