Regional Economic Strategies and Data Systems Explained
GrantID: 69465
Grant Funding Amount Low: $975,000
Deadline: January 9, 2025
Grant Amount High: $2,000,000
Summary
Explore related grant categories to find additional funding opportunities aligned with this program:
Employment, Labor & Training Workforce grants, Financial Assistance grants, Municipalities grants, Regional Development grants, Research & Evaluation grants, Transportation grants.
Grant Overview
Data Systems for Regional Economic Strategy
Investment in data systems for regional economic development encompasses strategies aimed at utilizing data to inform decision-making processes. This funding primarily supports the establishment of data infrastructures and the analytical capacity needed to empower stakeholders. It does not fund unrelated technological upgrades or general administrative costs.
For example, a region may receive funding to create a centralized economic database that aggregates real-time labor market information, aiding local governments, businesses, and educational institutions in aligning workforce efforts with economic demands. Another scenario may illustrate a collaborative initiative where local entities leverage data to identify emerging sectors, ultimately shaping workforce training programs to meet future needs effectively.
Target organizations for this funding include economic development agencies, educational institutions engaged in workforce alignment, and technology firms capable of building data solutions. Organizations focusing on unrelated projects, such as social programs or artistic initiatives without an economic development component, would generally be ineligible.
To achieve successful outcomes, applicants must present a clear strategy for data utilization and its impact on regional economic growth. Funders are more likely to invest in initiatives demonstrating an ability to harness data-driven insights that directly influence decisions and foster sustainable development within the community.
Eligible Regions
Interests
Eligible Requirements
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