(iv) the formation of a consortium de-
scribed in section 2(2)(H) under the co-
operation agreement, if applicable; and 
(B) includes— 
(i) a copy of each written statement 
under paragraph (1)(C)(i) relating to the 
cooperation agreement; and 
(ii) any necessary certifications or 
other documentation relating to the co-
operation agreement. 
SEC. 4. RECOMPETE GRANT PROGRAM. 
(a) ESTABLISHMENT.— 
(1) IN GENERAL.—The Secretary shall establish 
a formula grant program under which the Secretary 
shall provide to eligible applicants and lead entities 
block grants, to be known as ‘‘RECOMPETE 
grants’’, to carry out programs and activities in the 
applicable areas served by the applicants and lead 
entities that— 
(A) create quality jobs; 
(B) provide resources to help local resi-
dents— 
(i) access opportunities; and 
(ii) attain and retain employment; 
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(C) increase local per capita income and 
prime-age employment rates; and 
(D) support long-term, sustained economic 
growth and opportunity in persistently dis-
tressed areas. 
(2) APPLICATIONS.— 
(A) IN GENERAL.—To be considered for 
the provision of a RECOMPETE grant, an eli-
gible applicant or lead entity shall submit to the 
Secretary an application— 
(i) at such time, in such manner, and 
containing such information as the Sec-
retary determines to be appropriate; and 
(ii) that includes a RECOMPETE 
plan for the applicable area served by the 
applicant or lead entity, in accordance with 
subsection (b). 
(B) APPLICATION WINDOWS.—In carrying 
out the RECOMPETE grant program, the Sec-
retary shall establish the periods during which 
applications may be submitted under subpara-
graph (A), subject to the conditions that— 
(i) the initial application period estab-
lished under this subparagraph shall be not 
less than 3 years; and 
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(ii) for the second application period 
under this subparagraph and each period 
thereafter, the Secretary may, as the Sec-
retary determines to be appropriate— 
(I) extend the period; 
(II) accept late applications; 
(III) initiate a new application 
cycle; and 
(IV) establish additional rules 
and regulations under this subsection. 
(C) LIMITATIONS.— 
(i) IN
GENERAL.—Subject to clause 
(ii), the Secretary may establish a limita-
tion on— 
(I) the number of applications to 
be accepted by the Secretary during 
each fiscal year from each type of ap-
plicant; and 
(II) the total amount of each 
RECOMPETE grant payment pro-
vided for each fiscal year. 
(ii) REQUIREMENTS.—In establishing 
any limitation under clause (i), the Sec-
retary shall ensure that— 
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(I) each applicant and lead entity 
that submits to the Secretary an ap-
plication satisfactory to the Secretary 
for an application period established 
under subparagraph (B) shall be con-
sidered for receipt of a RECOMPETE 
grant during that application period; 
and 
(II) the Secretary is able— 
(aa) to review applications 
and provide technical assistance 
and expertise to applicants in the 
development and implementation 
of RECOMPETE plans; and 
(bb) to conduct benchmark 
evaluations and meet applicable 
reporting requirements in accord-
ance with section 5. 
(D) PRIORITY.—In selecting recipients of 
RECOMPETE grants, the Secretary shall give 
priority consideration to severely distressed, eli-
gible— 
(i) local labor markets; and 
(ii) Tribal governments. 
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(E) APPROVAL.—The Secretary shall ap-
prove or disapprove each application submitted 
under this paragraph (including the RECOM-
PETE plan included in the application) as soon 
as practicable after the date of receipt of the 
application. 
(3) TERM.—A RECOMPETE grant shall— 
(A) have a term of 10 fiscal years; and 
(B) be disbursed over that term in accord-
ance with section 6(d). 
(b) RECOMPETE PLANS.— 
(1) IN GENERAL.—As a condition of receipt of 
a RECOMPETE grant, the application of an appli-
cant or lead entity under subsection (a)(2) shall in-
clude a RECOMPETE plan for the applicable area 
served by the applicant or lead entity in accordance 
with this subsection. 
(2) REQUIREMENTS.—A RECOMPETE plan 
shall include the following information with respect 
to the applicable area: 
(A) An identification of— 
(i) each economic development chal-
lenge proposed to be addressed using a 
RECOMPETE grant; and 
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(ii) any past, present, or projected fu-
ture economic development investments in 
the applicable area, including, with respect 
to the investment— 
(I) each public and private par-
ticipant; and 
(II) each source of funding. 
(B) A comprehensive strategy, for the 10- 
year period beginning on the proposed date of 
receipt of a RECOMPETE grant, to address 
the economic challenges identified under sub-
paragraph (A)(i), in accordance with subsection 
(d), in a manner that— 
(i) promotes long-term, sustained eco-
nomic growth, opportunity, job creation, 
employment, and increased per capita in-
come; 
(ii) reduces the prime-age employment 
gap of the applicable area; 
(iii) creates jobs and connects local 
workers to employment and other economic 
opportunities; 
(iv) maximizes the effective develop-
ment and use of the local workforce; and 
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