Asset Based Planning

After completing listening sessions across the rural areas of the State in 2015, TNECD recognized that more needed to be done to help our most distressed communities. There were 23 distressed communities in fiscal years 2016 or 2017; these communities are in the bottom ten percent of the counties in the nation based on unemployment rates, per capita incomes, and poverty rates.

TNECD contracted with the University of Tennessee Institute for Public Service to develop action-oriented, short-term goals based on the communities’ assets. Meetings were held in each of the distressed counties in October and November of 2016 and the goals were developed with community input.

In February of 2017, TNECD opened a grant program to ensure that the Strategic Planning leads to making impacts to the key economic indicators of distressed counties. Eligible communities can apply for up to $50,000 (or $100,000 for regional projects) to implement their plans and accomplish their goals. The grant is intended to be flexible so that each community applies for what will make the most impact for their community. Applications are due April 13, 2017.

Additionally, TNECD will work with other Tier 4 and Tier 3 communities in 2017 to develop asset-based plans and goals and will work with the current communities to update their plans. Information will be available in the summer for communities to apply for the program. 

  • Grant Overview
  • Timeline
  • Scoring
  • Monthly Report
  • Grant Overview

    • $1,000,000 available
    • Approximately 20 grants of up to $50,000 will be awarded
    • One application will be accepted from each county that has an Asset-Based Plan developed with TNECD and UT IPS
    • 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 and 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.  Plan or marketing requests may be combined with other items so 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 15, 2017 Applications Available
    April 13, 2017 Applications Due
    May, 2017 Award Announcements
    July 1, 2017 Project Begins
  • Scoring

    Scoring will be broken down by four separate sections of the application. Public Benefit/Impact has the most possible points with a total of 40. Followed by performance measures with 30 possible points, implementation with 20 possible points and leveraged resources with 10 total points. Each question within these sections will be individually scored by the rubric below.

    Public Benefit/Impact (40 pts)

     

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

    Very little

    3

    Moderate

    7

    Significant

    10

    The demonstrated need for the project

    Very little

    3

    Moderate

    7

    Significant

    10

    The overall employment and economic impact of the project

    Very little

    5

    Moderate

    10

    Significant

    15

    Significant

    20

     

    Implementation (20 pts)

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

    No evidence

    0

    Average

    4

    Very good

    7

    Excellent

    10

    The reasonableness of the project costs

    No evidence

    0

    Average

    4

    Very good

    7

    Excellent

    10

     

    Leveraged Resources (10 pts)

    Number of public/private or public/public partnerships

    1

    2

    2

    4

    3+

    6

    The availability and commitment of non-state leverage

    No

    0

    Yes

    4

     

    Performance Measures (30 pts)

    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

    Average

    4

    Very good

    7

    Excellent

    10

    Identified performance metrics

    No evidence

    0

    Average

    6

    Very good

    14

    Excellent

    20

  • Asset Enhancement Grant Monthly Report