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EDA Announces $184 Million in Funding to Six Recompete Finalists to Create Renewed Economic Opportunity in Distressed Communities
Today, the U.S. Economic Development Administration (EDA) announced $184 million in implementation funding to six Recompete Finalists. The Distressed Area Recompete Pilot Program (Recompete) awardees will use the funding to create renewed economic opportunity in distressed communities by creating and connecting people to good jobs. [Read today’s press release]
Recompete implementation awardees are:
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The six Recompete awardees slated to receive Phase 2 implementation funding were chosen from 22 Recompete Finalists announced in December 2023. EDA has selected projects for funding in each of the six implementation communities, with award amounts to be finalized in the coming months.
The Recompete Pilot Program is a key part of the Biden-Harris Administration’s Investing in America agenda. The program was authorized by the CHIPS and Science Act and targets areas where prime-age (25-54) employment is significantly lower than the national average, with the goal to close this gap through flexible, locally-driven investments. Phase 1 of the competition received 565 applications—the highest number of applications of any EDA national competition.
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