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1 1 (August 27, 2024)

handle is hein.crs/goveqmc0001 and id is 1 raw text is: Facts and Figures: EDA Awards Phase 2 Grants Under Tech Hubs and Recompete Programs August 27, 2024 In the summer of 2024, U.S. Economic Development Administration (EDA) awarded $688 million through two recently authorized programs: * $504 million to 12 Regional Technology Hubs (Tech Hubs) grantees (see Figure 2); and * $184 Million to six Recompete Pilot Program (Recompete) grantees (see Figure 3). For both programs, EDA used a two-phased award process to administer the recently-awarded funding, which differs from EDA's typical grant-making approach. In light of the award announcements, Congress may seek to review select program features (e.g., sizes and geographic diversity of awards, scope of projects) as well as funding levels and outcomes. Observers note that the scope of projects and the size of the awards also make these awards different from EDA's existing programs. Background and Select Program Features Both the Regional Tech Hubs program and Recompete Pilot Program were authorized by P.L. 117-167, the CHIPS and Science Act, in August 2022. The programs have distinct policy objectives, yet were both designed as place-based approaches to addressing economic development. The programs support projects comprised of multiple, integrated component activities rather than a single activity. The programs' authorizations also required applicants to involve a consortium or coalition of public and private stakeholders-each with a lead institution as the primary applicant. EDA administered both programs in two phases with two types of awards (see Figure 1): strategy development grants (SDGs), awarded in Phase 1, and strategy implementation grants (SIGs), awarded in Phase 2. The recent grant announcements were for SIGs-Phase 2 implementation activities. EDA and analysts noted that the phased approach may have helped applicants to plan, coordinate, and enhance governance and future grant management activities. EDA further noted that the phased approach may Congressional Research Service https://crsreports.congress.gov IN12413 CRS INSIGHT Prepared for Members and Committees of Congress

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