(a) The EDA Investment Assistance process begins with the submission of an Investment Assistance application. The Application for Investment Assistance (Form ED-900 or any successor form) may be obtained from EDA's Internet Web site at http://www.eda.gov or from the appropriate regional office. EDA generally accepts applications on a competitive and continuing basis to respond to market forces in Regional economies. The timing with which competitive investment opportunities arise, as determined by the criteria set forth in § 301.8, paired with the availability of funds in a given fiscal year, will affect EDA's ability to participate in any given Project. EDA will evaluate all applications using the criteria set forth in § 301.8 and will:
(1) Return the application to the applicant for specified deficiencies and suggest resubmission upon corrections; or
(2) Deny the application for specifically stated reasons and notify the applicant.
(b) PWEDA does not require nor does EDA provide an appeals process for denial of applications or EDA Investment Assistance.