Build Back Better Regional Challenge
The U.S. Department of Commerce’s Economic Development Administration (EDA) has awarded the public and private sector stakeholders in the Richmond-Petersburg region, working together as the Alliance for Building Better Medicine, with $52,942,702 as winners of the national Build Back Better Regional Challenge. As the marquee of the EDA’s American Rescue Plan, the Build Back Better Regional Challenge aims to boost economic pandemic recovery and rebuild American communities by strengthening dynamic high-tech regional industry clusters across the country, while embracing economic equity, creating well-paying jobs, meeting priority national interests and enhancing U.S. competitiveness globally. The large federal grant will be matched by $13,339,919 of funding from private and public organizations, for a total investment of $77,792,402. Learn more