RECOMPETE Act

The RECOMPETE Act would establish a long-term grant program through the Economic Development Administration to provide funding for local communities facing persistent economic distress. These 10-year grants are designed to help local and tribal governments create tailored strategies to increase employment, raise local income levels, and improve regional infrastructure and housing. For citizens in these areas, the bill aims to create more stable job opportunities and revitalize local economies by providing sustained federal investment to address specific community needs.