Distressed communities, as identified by the
The RECOMPETE Act would provide eligible local labor markets, local communities, and Tribal governments with flexible 10-year RECOMPETE Grants from the EDA in an effort to meet a variety of local economic development needs. Grants could be used for infrastructure investments, brownfield redevelopment, workforce development, small business assistance, resources to connect residents to opportunities, and other investments to help communities rebuild.
“Time and again, economic crises in America have highlighted inequities across our communities. In order to successfully rebuild after the COVID-19 pandemic, we should address the root causes of economic distress,” said
“I grew up in
“The COVID-19 crisis has only exacerbated existing economic inequities and opportunity gaps in our country,” said
“As we round the corner of this pandemic, we must help communities boost their local economies,” said
The RECOMPETE Act is endorsed by the
“Over the last 40 years, federal support to help lagging regions and communities rebound has been declining. Moreover, current efforts are often too little, too late to make a real difference for communities. The RECOMPETE Act would address these shortcomings by providing flexible long-term assistance to help persistently distressed labor markets, and the workers there, get back on their feet,” said
“As America builds back from COVID, we need a bold agenda that focuses on creating jobs in every zip code in the country. And we must make sure those jobs lead to prosperity and a good life,” said
A summary of the bill can be found here https://kilmer.house.gov/recompete-act.
Bill text can be found here https://www.coons.senate.gov/download/recompete-bill-text.