Shaheen announces funding for $ 1 million US bailout to support economic development planning in New Hampshire

05 November 2021

(Washington, DC) – Today, U.S. Senator Jeanne Shaheen (D-NH), Chairman of the Senate Appropriations Subcommittee on Commerce, Justice, Science and Related Organizations, announced that the United States Department of Commerce’s Economic Development Administration (EDA) will allocate $ 1 million to New Hampshire to support economic development planning in communities across the state. The funding was allocated through the US bailout, which Shaheen backed. During the negotiations for relief legislation, Shaheen was successful in securing $ 3 billion for the EDA to support the recovery of American communities after the pandemic.

“Comprehensive economic development planning that harnesses the potential of Granite State communities and meets their needs is essential to support our state’s recovery from the pandemic” Shaheen said. “I am delighted that New Hampshire has been selected to receive these funds from the Economic Development Administration, which will help stimulate economic growth and create jobs. This funding will go a long way to help lay the foundation for a vibrant and prosperous economic future for communities in New Hampshire.

EDA’s mission is to lead the federal economic development agenda by fostering competitiveness and preparing regions of the country for growth and success in the global economy. An agency of the US Department of Commerce, EDA invests in economically struggling communities to create jobs for American workers, promote American innovation and accelerate long-term sustainable economic growth. As chairman of the Senate Appropriations subcommittee that funds the EDA, securing resources for the agency has been a long-standing priority for Senator Shaheen. In legislation released last month by the Senate Appropriation Committee to fund the federal government for fiscal 2022, Shaheen secured $ 395 million for the EDA, which provides infrastructure and planning grants to communities across the country. This level represents an increase of $ 49 million from the previous year. It is estimated that this funding will generate $ 3.5 billion in local and private investment and support more than 30,000 American jobs this year. The senator had previously opposed the Trump administration’s efforts to reduce or eliminate funding for the EDA, which recently awarded grants to communities in Granite State for a wide variety of projects ranging from control infrastructure from flooding in Plymouth to economic development projects in the Monadnock area.

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