Agency: National Oceanic and Atmospheric Agency
Description:
A new competitive business accelerator program to support businesses with coastal and ocean-based resilience products and services, including helping communities prepare for and adapt to changing climate conditions.
Bill Section:
40001
New or Existing:
New
Potential Cost:
$100,000,000
Timeline:
FY22-26
Implementation Status/Rulemaking:
On July 10, 2023, NOAA announced $60 million to create a climate resilience accelerator program. The program is a two-phase competitive funding opportunity. Phase one, open for applications through September 11, 2023, will fund selected projects with up to $250,000 per project for accelerator program design. The second phase of the competition will invite all applicants selected in phase one to apply for funding of up to $10 million each to implement their program design: Source
TCS Notes:
More details on the $2.6 billion framework for Investing in Coastal Communities and Climate Resilience (Section 40001) available here: Source