Under the American Rescue Plan, EDA was allocated $3 billion in supplemental funding to assist communities nationwide in their efforts to build back better by accelerating the economic recovery from the coronavirus pandemic and building local economies that will be resilient to future economic shocks.
American Rescue Plan funding enables EDA to provide larger, more transformational investments across the nation while utilizing its greatest assets, including flexible funding to support community-led economic development. Join Michele Chang, EDA’s Deputy Assistant Secretary of Policy, for an overview of these opportunities, including the Build Back Better Regional Challenge ($1 billion) and the Good Jobs Challenge ($500 million), which can help cities build their workforce and economies.