This $1 million Economic Adjustment Assistance award from the Department of Commerce's Economic Development Administration supports the development of a comprehensive economic development strategy for the state of Rhode Island. Through March 2024, the Rhode Island Commerce Corporation will deliver technical assistance services to develop long-term economic development plans, build statewide capacity for coordinating EDA grants and other opportunities, and facilitate regional coordination on issues like small business support, technology transfer, and advanced industry networks. The award funds services under the EDA's Economic Adjustment Assistance program, which provides planning and public infrastructure assistance to address adverse economic changes in regions.
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