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AP National Business

Biden admin reveals 60 finalists for $1B in economic grants

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Published 5:01 AM

By JOSH BOAK
Associated Press

WASHINGTON (AP) — Commerce Secretary Gina Raimondo has announced 60 finalists for $1 billion in economic development grants tied to the Biden administration’s coronavirus relief package. The grants are aimed at improving job training and regional industry partnerships. There were 529 applicants for the grants. The government ultimately will choose 20 to 30 regional coalitions for up to $100 million in grants that could shape manufacturing, clean energy and life sciences hubs around the country. Twelve of the finalists announced Monday are from places tied to the coal industry. The finalists are often coalitions made up of government, academic and economic partnerships.

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