Photo courtesy of Marcus Kauffman/Oregon Mass Timber Coalition
The Biden Administration has announced 21 winners of its $1 billion Build Back Better Regional Challenge funded through last year’s American Rescue Plan and administered by the U.S. Commerce Department’s Economic Development Administration (EDA).
Five-year capital grants ranging between $25 million and $65 million were awarded to transformative projects in 24 different states with demonstrated potential to rebuild regional economies, promote inclusive and equitable recovery, and create jobs.
The Brookings Institution today commented that the funding “represents a critical test for key assumptions of the broader Biden administration economic framework” and said…