Team NEO One of 60 Finalists for $1 Billion "Build Back Better Regional Challenge”

Team NEO was recently named one of sixty finalists for the US Economic Development Administration's Build Back Better Regional Challenge designed to strengthen regional industry clusters while embracing economic equity, creating good-paying jobs, and enhancing U.S. competitiveness globally.

The $1 billion Build Back Better Regional Challenge is the marquee of EDA’s American Rescue Plan programs that aims to boost economic recovery from the pandemic and rebuild American communities, including those grappling with decades of disinvestment.

The Challenge provides transformational investments to develop and strengthen regional industry clusters across the country, all while embracing equitable economic growth, creating good-paying jobs, and enhancing U.S. global competitiveness. As part of the $300 million Coal Communities Commitment, EDA will allocate at least $100 million of the Build Back Better Regional Challenge funding to support coal communities.

The two-phase competition will ultimately award 20-30 regional coalitions between $25 and $100 million to implement 3-8 projects that support an industry sector.

Also, check out Team NEO's new website: northeastohioregion.com, where you’ll see its new regional branding.