EDA Taps NGIN to Lead Equity Impact Investments

The Economic Development Administration (EDA) announced the award of a $5.5 million grant to New Growth Innovation Network (NGIN) to design and launch a new initiative, Equity Impact Investments.

Equity Impact Investments will deliver a transformative, three-year, capacity-building program to 120 organizations operating at the forefront of equitable development in the United States. Funded through the Coronavirus Aid, Relief, and Economic Security (CARES) Act, this initiative is a part of EDA’s commitment to ensuring the consistent and systemic, fair, just, and impartial treatment of all individuals, including individuals who belong to underserved communities.

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