ICYMI: Recompete Pilot Program to bring focused investments to distressed communities

Tuesday, July 11, 2023/Categories: News Board

The U.S. Economic Development Administration (EDA) is now accepting applications for the new $200 million Recompete Pilot Program, which is designed to make focused investments in communities most in need of economic resources and options to ensure that all communities have a path to economic prosperity.

The program is based on the belief that communities know best what they need to address persistent economic distress. EDA will partner with communities and make large, flexible investments based on their priorities.

This program, authorized through the CHIPS and Science Act of 2022, targets areas where prime-age (25-54 years) employment significantly trails the national average, with the goal to close this gap through bottom-up, long-term strategies that tackle a community’s unique economic challenges.

Click here for more information >.

Informational webinars: Today and July 11

EDA will host two informational webinars on July 7 and July 11, 2023, about the Recompete Pilot Program. To register, click here: July 7th at 1:00 pm EDT and July 11th at 4:30 pm EDT.

EDA Contact: recompete@eda.gov