Title
Dept/ Agency: Administration/Office of the Business Administrator
Action: (X) Ratifying (X) Authorizing ( ) Amending
Type of Service: Application and Agreements with EDA for the Fiscal Year 2021 American Rescue Plan Act - Build Back Better Regional Challenge Grant
Purpose: Application/Acceptance with EDA for the Fiscal Year 2021 American Rescue Plan Act - Build Back Better Regional Challenge Grant and enter into an Agreement with New Jersey Institute of Technology.
Entity Name: United States Department of Commerce (DOC), Economic Development Administration (EDA)
Entity Address: 900 Market Street, Room 602, Philadelphia, Pennsylvania 19107
Total Grant Amount: $500,000.00
Funding Source: United States Department of Commerce (DOC), Economic Development Administration (EDA)
Grant Period: December 15, 2021 through December 14, 2023
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale (X) Grant ( ) Sub-recipient ( ) n/a
Additional Information:
Resolution 7R1-a, adopted on February 6, 2019, approved an Exception to Public Bidding - Agreement with Governmental Entity, NJIT, to formally strengthen and build capacity within the City of Newark to enhance and deliver services to the local community.
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WHEREAS, the Economic Development Administration's (EDA's) mission is to lead the Federal economic development agenda by promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy; and
WHEREAS, through this American Rescue Plan Act Build Back Better Regional Challenge Grant, EDA aims to assist communities and regions impacted by the coronavirus pandemic; and
WHEREAS, the COVID-19 pandemic has caused, and continues to cause, economic injury to United States communities and regions in devastating and unprecedented ways; and
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