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RECOMPETE Program: Economic Aid for Distressed Areas

This act establishes a grant program to create jobs and increase income in areas with high unemployment. These funds aim to support local businesses, infrastructure development, and job training to improve residents' quality of life.
Key points
Areas with high unemployment (especially among 25-54 year olds) can receive long-term grants for economic development.
Grant funds can be used for local business support, infrastructure development (e.g., roads, internet), housing construction, job training, and programs to help find and retain employment.
The program aims to reduce employment and income disparities and support long-term economic growth in needy regions.
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Additional Information
Print number: 117_S_2464
Sponsor: Sen. Coons, Christopher A. [D-DE]
Process start date: 2021-07-22