Biden Administrator Reveals 60 Finalists With $1 Billion In Economic Grants



Commerce Secretary Gina Raimondo on Monday announced 60 finalists for a $1 billion economic development grant tied to the Biden administration’s coronavirus relief package and aimed at improving training. jobs and industry partnerships in the region.

Already 529 people have applied for the subsidy. That means about 11% of submissions make it to the next round, which will eventually select 20 to 30 regional alliances with up to $100 million in funding that could shape production, energy, and manufacturing hubs. clean quality and life sciences across the country. Twelve finalists came from places associated with the coal industry.

The finalists are mostly coalitions made up of governmental, academic and economic partnerships. They will receive $500,000 each to help plan the next round, with applications due in March. The deadline to select the winners is September.

“This program will bring communities back into regions across the United States,” Alejandra Castillo, assistant secretary of commerce for economic development, said in an interview. The program is designed to bring together different local partners “to leverage their assets,” she said.

Among the city-led finalists are: Indianapolis; Newark, New Jersey; Tucson, Arizona; Manchester, New Hampshire; Phoenix; and New Orleans. Finalists also include universities in Alabama, Maine, Mississippi, Tennessee, Texas, Virginia and Kansas. There are also economic partnerships and industry-specific organizations such as the Wisconsin Paper Council.

Senior White House adviser Gene Sperling, who is overseeing coronavirus relief, said interest far exceeded the 150 applicants expected.

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Aila Slisco

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