The program allocates $3.4 million annually for TEA projects. The award amount is dependent upon the number of jobs created and the award criteria includes the amount of private investment and jobs retained by the business(es), which will utilize the transportation improvement. Maximum award is typically $1 million per project.
A municipal or county unit of government must sponsor a TEA application. Local communities must ensure the number of jobs anticipated from the proposed project will be attained within three years from the date the agreement is signed and will be retained for another four years. The project must have the local government’s endorsement, and it must benefit the public.
Financial assistance to communities for transportation infrastructure tied to economic development
Applications accepted on a continual basis
Awards made on a first-come, first-served basis subject to available funds.