The Biden Administration is committing $300 million to invest in the economic development of coal and coal power plant-affected communities as part of a $3-billion funding for investment in America’s communities, U.S. Secretary of Commerce Gina Raimondo said . “We believe that this $300 million investment in coal communities is the largest economic development that EDA has ever made in coal communities. And we know that it will enable these communities to recover, diversify their economies, and grow,” Secretary Raimondo said at a White House briefing on Thursday. The applications for funding went live late on Thursday on the Department of Commerce’s Economic Development Administration (EDA) website. Investing in America’s Communities is a funding opportunity to invest the $3 billion that EDA received from President Joe Biden’s American Rescue Plan Act to help communities across the country build back better. The investment in coal communities “will ensure that they […]