Tulsa Awarded $38.2 Million Build Back Better Grant from the U.S. Economic Development Administration
TULSA, Okla., Sept. 2, 2022 /PRNewswire/ -- The Biden administration and the U.S. Economic Development Administration (EDA) announced today that Tulsa is one of 21 recipients to be awarded a Build Back Better - American Rescue Plan grant in the amount of $38.2 million. The funds will be used by a Tulsa-based coalition of organizations from the government, nonprofit, academia, and private sectors, including the Indian Nations Council of Governments and Tulsa Innovation Labs, among others, to create the Tulsa Regional Advanced Mobility (TRAM) Corridor. The goal of this corridor is to cultivate a diverse hub for research, development, and production in the advanced mobility (AM) industry, resulting in an anticipated generation of 30-40,000 jobs—the equivalent of $3.5-5 billion in economic activity—over the first 2-3 years.
- They will work with multiple partners including Tulsa Innovation Labs (TIL), Tulsa Ports , Oklahoma State University , Osage LLC , City of Tulsa, Partner Tulsa and the Tulsa Regional Chamber .
- "This is a huge win for the Tulsa metro as we look to expand advanced mobility opportunities in northeast Oklahoma," Tulsa Mayor G.T.
- Build Back Better "is the marquee of the EDA's American Rescue Plan," designed to boost pandemic economic recovery and rebuild American communities.
- PartnerTulsa is the City of Tulsa's economic development Authority that streamlines and strengthens Tulsa's economic development efforts through the merging of the Mayor's Office of Economic Development (MOED), Tulsa Industrial Authority (TIA), Tulsa Parking Authority (TPA), and Economic Development Commission (EDC) into a single, enhanced Public Trust.