Rosen & Cortez Masto Announce $1 Million Economic Development Grant Awarded to Nevada Thanks to American Rescue Plan
WASHINGTON, D.C. – U.S. Senators Jacky Rosen (D-NV) and Catherine Cortez Masto (D-NV) released the following statement announcing that the U.S. Department of Commerce’s Economic Development Administration (EDA) has awarded $1 million in American Rescue Plan funds to invest in Nevada’s communities. This grant will fund statewide planning efforts to boost economic development, enhance U.S. competitiveness, combat the climate crisis, and recover from the COVID-19 pandemic.
“Our recovery is moving forward, and we must continue to see that Nevada has the federal resources needed to drive our economic success,” said Senator Rosen. “This grant funding delivered through the American Rescue Plan, which I was proud to help pass in the Senate, will better position Nevada communities to come roaring back from this pandemic and thrive afterward.”
“When we passed the American Rescue Plan, I worked hard to ensure it included robust funding to help Nevada’s economy recover from the pandemic,” said Senator Cortez Masto. “Today’s announcement is an exciting step in getting the funding I fought for into Nevada and making critical preparations for investments in tourism, infrastructure, and other economic development efforts within the state. I’m continuing to ensure further EDA funding from the ARP comes to our state, where it’s needed most.”
BACKGROUND: Senators Rosen and Cortez Masto voted to pass the American Rescue Plan Act of 2021, which was signed into law in March. The bill included $3 billion in supplemental funding to assist communities nationwide in their efforts to accelerate economic recovery from the coronavirus pandemic and build local economies that are resilient to future economic shocks.
Senators Rosen and Cortez Masto worked to ensure the American Rescue Plan’s $3 billion in EDA funding was directed to communities and states hardest hit by the COVID pandemic, including Nevada. Senator Cortez Masto also introduced legislation to help ensure that of those dollars, 25% were set aside directly for the recovery efforts associated with the loss of tourism and hospitality in places like Nevada.
Additional EDA grant funding opportunities are available to Nevada communities through www.Grants.gov.
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