Regional Investment Initiative - Implementation Phase Grant

The Regional Investment Initiative's Implementation Phase aims to support California's disadvantaged communities by funding economic development projects that align with regional Jobs First Strategies. With up to $125 million in available grants, the initiative focuses on creating good-paying jobs, fostering equitable economic growth, and investing in workforce development. This approach seeks to transition California to a clean energy economy while ensuring prosperity for all through targeted investments in job training, business development, and innovative practices.

Charting California’s Economic Future in Partnership with Communities
The Regional Investment Initiative is a new approach to economic development that seeks to center disadvantaged communities as part of California’s transition to a clean energy, carbon neutral economy, creating good-paying jobs and prosperous communities for all.
Objective:

• Invest in ready-to-go projects that align with regional Jobs First Strategies.
• Purpose and Objectives (Implementation Phase)

The Governor’s Office of Business & Economic Development (Co-Chair of the Jobs First Council), in partnership with the Employment Development Department, and on behalf of the Jobs First Council, including the Labor and Workforce Development Agency (LWDA) (Co-Chair of the Jobs First Council), is making up to $125 million available in grant funding within the Implementation Phase of the RII program.
The Implementation Phase represents the pivot point in the program from planning to implementing the strategies that were developed by and for communities across the state.
These grants are intended to allow a range of activities related to economic growth, job training and access, business development, and research and development, all with the primary goal of supporting the creation, attraction, and access to good-paying jobs for Californians.
The core pillars of this funding include:
The grants within this phase will be awarded on a rolling and competitive basis to economic development projects that are informed by the work of the regional Jobs First Collaboratives.