Growth Opportunities - Rounds 4 and 5

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The Employment and Training Administration (ETA) of the Department of Labor has issued an amendment to the Funding Opportunity Announcement (FOA) for the Growth Opportunities – Rounds 4 and 5 grants, aimed at providing funds through a competitive application process. The amendment clarifies budget requirements, mandating that all applicants allocate funds for travel to Department of Labor (DOL) sponsored technical assistance training events, which occur in both physical and virtual formats throughout the grant period. Notably, a New Grantee Orientation and peer-to-peer training events are planned. The submission deadline for Round 4 applications is set for April 2, 2024, while Round 5 applications will be accepted from July 1, 2024, to October 15, 2024, following the re-posting of the FOA on grants.gov. This announcement underscores the importance of participation in DOL-sponsored training as part of the grant requirements, reinforcing the commitment to capacity building within the targeted communities. For further information, prospective applicants can contact a designated Grants Management Specialist.

The U.S. Department of Labor's Employment and Training Administration (ETA) has issued a Funding Opportunity Announcement for a Financial System Risk Assessment. The purpose is to ensure that grantees possess adequate financial responsibility to manage public funds effectively. Key requirements outlined include maintaining proper accounting records, establishing a robust accounting system integrated with internal controls, and ensuring accurate financial reporting as per federal regulations (2 CFR 200 and 2 CFR 2900). The document is organized into several sections, requesting detailed information about the applicant's legal status, financial stability, accounting systems, and any past evaluations from government agencies. Grantees must demonstrate their ability to separately identify program fund receipts and expenditures while also maintaining internal control structures that safeguard assets. Additionally, applicants need to confirm compliance with budgetary controls and address any ongoing legal issues that could impact their grant management capability. Overall, this funding opportunity emphasizes the importance of sound financial management practices in securing federal grants, thereby protecting public trust and fiscal accountability.