$500k EDA Recompete grant will advance inclusive growth strategies in Cleveland’s Opportunity Corridor
FOR IMMEDIATE RELEASE – January 23, 2024
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CLEVELAND—The Fund for Our Economic Future (Fund) today announced it is seeking candidates to lead the execution of a $500,000 Distressed Area Recompete Pilot Program (Recompete) strategy development grant awarded through the Economic Development Administration.
The Director, Recompete Plan – Cleveland will work closely with the Cleveland Site Readiness for Good Jobs Fund (Site Readiness Fund), the City of Cleveland and the Cuyahoga County Land Bank to deliver a strategy to connect land use and growth initiatives with community development, leveraging the City’s $50 million investment in the Site Readiness Fund.
“This is an important opportunity to build on years of critical investments to enable inclusive job creation along the Opportunity Corridor,” said Fund President Bethia Burke. “We’re eager to find the right leader to support the partners and community stakeholders who are working towards bringing family-sustaining jobs within reach of thousands of residents.”
While the funding to support this position calls for a fixed, 18-month term of employment, there is potential for a more permanent role with the Site Readiness Fund. More details about the position and application instructions are available at thefundneo.org/careers. Given the project timeline, interested applicants are urged to apply quickly.
About the EDA Recompete Pilot Program
The EDA announced the awards made through the Distressed Area Recompete Pilot Program (Recompete) on December 20. Among 565 applicants across the country, only 22 finalists were named in the program and 24 received strategy development grants, including the Fund for Our Economic Future.
The award for the Site Readiness and Good Jobs Initiative calls for bringing vacant or underused industrial land on the near east side of Cleveland back into productive use, and, in so doing creating 8,750 jobs and supporting access to those jobs for 2,500 residents. The planning grant will deliver a strategy to connect land use and growth initiatives with community development, leveraging the City’s $50 million investment in the Site Readiness Fund aiming to reactivate 1,000 acres to create 25,000 jobs in across Cleveland.
This effort builds on previous investments, including the state’s $250 million for the Opportunity Corridor roadway, the FFEF’s $1.5 million for strategy development and land acquisition in partnership with Burten Bell Carr, Inc., and countless civic hours across a wide range of partners committed to working towards inclusive growth for the neighborhoods surrounding the Opportunity Corridor.
About the Fund for Our Economic Future
The Fund for Our Economic Future is a 501(c)(3) nonprofit organization working to advance a more equitable economy in Northeast Ohio. This civic collaborative brings together leaders across sectors and throughout the region to collectively invest in, test and amplify strategies to enable the region to achieve its full potential. Since 2004, the Fund has developed enduring strategies to grow the everyone economy—where good jobs and rising incomes are within reach for all residents. Learn more at thefundneo.org.