U.S. Economic Development Administration: U.S. Department of Commerce Launches First of Its Kind Economic Recovery Corps With $30 Million CARES Act Investment

WASHINGTON – Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) has awarded a $30 million CARES Act Recovery Assistance grant to a coalition of organizations to establish and operate a nationwide Economic Recovery Corps program.

This EDA funded program will recruit and place at least 65 Fellows in economic development organizations in underserved communities throughout the nation. As communities and organizations face depleted institutional resources, many are unable to develop and grow their staff to the level needed to fully execute their economic development plans and goals, particularly those established as part of a regional economic development planning process. The Economic Recovery Corps program will address the resource gap between planning and implementation by embedding Fellows into organizations to develop and execute regional economic development strategies in the communities they serve.

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