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1 1 (July 10, 2023)

handle is hein.crs/govemfq0001 and id is 1 raw text is: Congressional ____ R' fesearch Service Economic Development Administration Announces New Recompete Program July 10, 2023 The federal government considers certain areas of the United States to be persistently economically distressed based on long-term rates of high poverty, elevated unemployment, or other socioeconomic measures. Congress has supported efforts to direct assistance to persistently distressed communities in various ways, including economic adjustment assistance programs and the 10-20-30 provision in some appropriations laws. In the 117th Congress, P.L. 117-167, commonly referred to as the CHIPS and Science Act, established a new Economic Development Administration (EDA) program to try to address persistent economic distress and support long-term, comprehensive economic development-the Distressed Area Recompete Pilot Program (Recompete Program). On June 29, EDA released the first of two planned Notices of Funding Opportunity (NOFOs) for the program. This Insight provides a program overview and considerations for Congress. It does not cover application instructions, which are included in the NOFO. P.L. 117-167 authorized $1 billion over five years for the program. Program Overview and Structure EDA plans to administer two types of funding awards through two award phases for the program. For Phase 1, EDA instructs applicants to choose either a strategy development grant, approval of a Recompete Plan, or both. Strategy development grants are designed to help applicants strengthen regional coordination and support planning and pre-development activities, including hiring a coordinator or the formulation of a Recompete Plan. A strategy development grant conveys funding. A Recompete Plan is a comprehensive economic development plan that includes the proposed multiyear activities to be implemented, projected costs, partner roles, and other information. EDA also says it will approve Recompete Plans in Phase 1, but approval of a Recompete Plan does not convey funding. According to EDA, applicants must have their Recompete Plan approved in order to be invited to apply for implementation funds under Phase 2. In Phase 1, EDA anticipates approving approximately $6-$12 million in strategy development awards (award sizes ranging between $250,000 and $500,000), and anticipates approving at least 20 Recompete Plans. The Phase 1 deadline is October 5, 2023. Congressional Research Service https://crsreports.congress.gov IN12201 CRS INSIGHT Prepared for Members and Committees of Congress

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