Biden Signs Executive Order to Boost Economic Recovery in Distressed Communities

The order directs federal agencies to prioritize investments in economically struggling areas and ensures continued support for regional revitalization initiatives.

• The executive order focuses on aiding 'left-behind communities,' including factory towns, coal regions, and disaster-affected areas, through targeted federal investments.
• A 'No Wrong Door' approach is introduced to help communities navigate federal resources more effectively, making grant applications and support services more accessible.
• The Biden Administration announced $235 million in new economic development awards, including $210 million for six Tech Hubs and $25 million for workforce training programs.
• This effort builds on four years of historic investments in manufacturing, clean energy, and infrastructure, with $54 billion directed to Energy Communities and over $700 million for Tech Hubs to date.
• The initiative aims to address long-term economic challenges, reduce regional inequality, and strengthen resilience in areas undergoing industrial transitions or recovering from natural disasters.

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