U.S. flag An official website of the United States government

Official websites use .gov
A .gov website belongs to an official government organization in the United States.

Secure .gov websites use HTTPS
A lock () or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

FY 2022 CARES Act Economic Recovery Corps and Equity Impact Investments

Open Date:

06/16/2022

Close Date:

08/05/2022

Upcoming Milestones:

Eligible Recipients:

  • Educational Institution
  • Local Government
  • Native/Tribal Entity
  • Non-profit
  • State Government

Program Purpose:

Economic Development, Technical Assistance

Reserved for Energy
Communities?

No

Funded by:

U.S. Department of Commerce

Overview

EDA is currently seeking a Network Operator (an organization or coalition) to build, launch, and operate the Economic Recovery Corps program, which will embed Fellows in local economic development organizations across the country.

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. The Economic Recovery Corps would strengthen the connectivity and capacity of regional economic development ecosystems, which will, in turn, result in a stronger national economic development recovery framework and infrastructure.

The Economic Recovery Corps program funds a Network Operator to recruit and place at least 50 Fellows in economic development organizations in underserved communities throughout the nation. Note: EDA is not recruiting Fellows. These Fellows will provide technical assistance, enabling underserved communities to better access funding and participate in economic development initiatives through preparation, training, and implementation support. Both the Network Operator and Fellows will generate and share knowledge and insights across local economies to accelerate the adoption of equitable economic development practices.

Funding Details

Funding Source:
Funding Type:
Grant – no match
Total Amount Available:
$35,000,000
Limit per Applicant:
$30,000,000
Estimated Awards:
2

Applicant Guidance

Contact Information

If you have any questions or comments about EDA’s Economic Recovery Corps, please contact [email protected].

Scroll to Top