The Tennessee Department of Economic and Community Development was awarded a $1 million Project Grant from the U.S. Department of Commerce's Economic Development Administration (EDA) on November 1, 2021. The funding is provided through EDA's Statewide Planning Program under the American Rescue Plan Act of 2021 and will support statewide planning efforts through May 1, 2024.
Specifically, the $1 million in funding will allow Tennessee to develop a comprehensive plan to strengthen its economy and increase competitiveness in line with President Biden's Build Back Better agenda. As part of its Economic Adjustment Assistance program, EDA aims to help regions address adverse economic changes through technical and planning assistance. This particular award will provide Tennessee an unprecedented opportunity to coordinate economic development planning across all of its communities as the state works to build back from the pandemic in a resilient and sustainable manner.
Generated 1/6/24, 9:59 AM