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09/28/2021 03. Discussion of application for a Build Back Better Grant • 1.,41 rr 11 i i�O enc u nrry 1 BUSINESS OF THE CITY COUNCIL YAKIMA, WASHINGTON AGENDA STATEMENT Item No. 3. For Meeting of: September 28, 2021 ITEM TITLE: Discussion of application for a Build Back Better Grant SUBMITTED BY: Robert Harrison, City Manager SUMMARY EXPLANATION: Attached is information related to the Build Back Better(BBB)grant opportunity through the US Economic Development Administration. The BBB is a two phase award, with the first phase a $500,000 technical grant which would lead into a grant application for up to $100 million of infrastructure improvement. The grant is due for submission on October 19. ITEM BUDGETED: STRATEGIC PRIORITY: APPROVED FOR SUBMITTAL BY THE CITY MANAGER RECOMMENDATION: ATTACHMENTS: Description Upload Date Type D EDA grant 9/23/2021 Corer Memo EDA: AMERICAN RESCUE PLAN 2 BUILD BACK BETTER REGIONAL CHALLENGE Supercharging Local Economies The Build Back Better Regional Challenge is 4_011 REG/04, designed to assist communities nationwide in their .�! efforts to build back better by accelerating the economic recovery from the coronavirus pandemic xand building local economies that will be resilient to � °° A' M future economic shocks. 46? The$1 billion Build Back Better Regional Challenge As part of the$300 million will provide a transformational investment to 20-30 Coal Communities EDA regions across the country that want to revitalize their Commitment,EDA will economies.These regions will have the opportunity allocate at least$100 million to grow new regional industry clusters or scale existing ones through planning, of the Build Back Better infrastructure,innovation and entrepreneurship,workforce development,access to Regional Challenge funding capital,and more. to support coal communities. Phase 1:50-60 regional coalitions of partnering entities will be awarded —$500,000 in technical assistance funds to develop and support three to eight projects to grow a regional growth cluster. Phase 2:EDA will award 20-30 regional coalitions$25 million to$75 million, and up to$100 million,to implement those projects. AO WHO SHOULD APPLY \ti�;791 �;'1 ' APPLICATION DEADLINE EDA invites eligible applicants to form regional coalitions to apply for funding to Phase 1 deadline: implement a collection of three to eight distinct but related projects in their region, October 19,2021 in coordination with industry and community partners,and aligned around a holistic vision to build and scale a strategic industry cluster.Applicants should identify one Phase 2 deadline: key coordinating lead institution per regional cluster to lead the concept and projects March 15,2022 into the implementation phase,while fostering collaboration and coordinating resources to ensure these investments have the greatest economic impact on our communities,regions,and the nation. C) Coalition members eligible to apply for investment assistance for their region include a(n): CONTACTS District Organization of an EDA-designated Economic Development District Please send email inquiries about Indian Tribe or a consortium of Indian Tribes the American Rescue Plan Build State,county,city,or other political subdivision of a State,including a Back Better Regional Challenge to special purpose unit of a State or local government engaged in economic or BuildBackBetter@eda.gov. infrastructure development activities,or a consortium of political subdivisions For additional questions,particularly Institution of higher education or a consortium of institutions of higher education region specific questions, contact your state's Economic Public or private non-profit organization or association acting in cooperation Development Representative. with officials of a political subdivision of a State Visit www.eda.gov/contact to individuals or for-profit entities are not eligible. find contact information for your Economic Development ** Representative. EDA u.e.%711Ham"o�° m �nrism inAMEERICA S COM• UNITIES To learn more about EDA's American Rescue Plan Build Back Better Regional Challenge,visit eda.gov/arpa/build-back-better/.