1、CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i The Economic Development Administrations American Rescue Plan (ARP) Act Grant Programs July 28, 2021 On July 22, 2021, Secretary of Commerce Gina Raimondo announced the availability of approximately $3 billion of grant fun
2、ding to help communities with recovery efforts in response to economic injury caused by the Coronavirus Disease 2019 (COVID-19) pandemic. Federal assistance is now available to eligible state and local stakeholders through six new programs administered by the Economic Development Administration (EDA
3、). According to the EDA, the programs will fund projects that facilitate job creation, advance innovation, build infrastructure, train workers, and enhance economic resiliency, with an emphasis on projects that serve communities disproportionately impacted by the pandemic. This Insight provides an o
4、verview of the EDAs plan for allocating the supplemental appropriations approved in the American Rescue Plan Act (P.L. 117-2). Supplemental Appropriations for Economic Recovery The EDA, a bureau of the U.S. Department of Commerce, is the only federal agency with economic development as its sole miss