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Support for Economic Development in Capacity-Constrained Communities

This act establishes a new online platform to help communities with limited resources find federal and state support programs, grants, and loans. The goal is to facilitate access to resources that can stimulate local economic development and improve residents' quality of life.
Key points
Creation of an online database (Clearinghouse) with information on available economic development support programs.
The database will be regularly updated to include the latest data on resources and community needs.
Facilitating access to funds and programs for communities that struggle to obtain them.
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Additional Information
Print number: 117_HR_7593
Sponsor: Rep. Tonko, Paul [D-NY-20]
Process start date: 2022-04-26