Osceola County leads in innovation by being one of 21 regions in the country to win the Build Back Better Regional Challenge (BBBRC) grant award. There were 521 applicants, but Osceola stood out and brought home $50.8 million from the U.S. Department of Commerce’s Economic Development Administration. This marked the first major U.S. investment in the nation’s microchip renaissance and it is happening right here in Osceola County.
This BBBRC funding is more than a win. It is a huge step forward in transforming Central Florida into a powerhouse for semiconductor manufacturing and a modern case study in the resurrection of America’s manufacturing sector. Across the six component projects funded through the BBBRC grant, the burgeoning semiconductor industry is helping Osceola be first to what’s next.
What is the Build Back Better Regional Challenge?
The Build Back Better Regional Challenge is a $1 billion program implemented by the Biden administration, designed to boost economic growth across the country. This program continues to support industry clusters with the power to transform local economies.
But the BBBRC is about more than just immediate economic gains. Its goal is to create high-paying jobs, assist regions in building new sectors of their economies, strive for innovation across funded industries, and ensure broad-based prosperity.. BBBRC winners received significant funding to start projects with the potential to reshape their communities. This program is a long-term investment, aimed at building stronger economies which would help communities thrive for years to come.
What Does Build Back Better Mean for Osceola County?
Osceola County stands in a unique position for regional economic growth. With 1,500 people moving to the county every week, Osceola is becoming a sought-after destination for both families and businesses. With this momentum, Osceola County is diversifying its local economy and bringing high-paying jobs for its residents, setting the stage for a stronger future.
The BBBRC funds are assisting in turning Osceola County into a global hub for the semiconductor industry. NeoCity has already drawn in top tech companies and investors, bringing major benefits to the local residents. Osceola County will see improved infrastructure, new jobs, and large-scale economic growth through the work funded by the BBBRC. These changes lead to a thriving community and improve quality of life for Osceola residents.
The growth of NeoCity will create thousands of high-paying jobs in the tech sector in the coming years. Grant work includes leveraging training programs to move local residents into these roles, providing them the opportunity to find reliable jobs in cutting-edge industries without having to leave Osceola County.
NeoCity: Semiconductor Sync
NeoCity: Semiconductor Sync connects Osceola’s community with the rapidly growing semiconductor industry at NeoCity. It links local workers, educators, families, and students with exciting tech career opportunities and, in doing so, Semiconductor Sync empowers the community to a catalyst for NeoCity’s success.
Have thoughts on the BBB project? Send us your feedback!
We value your input on the Build Back Better (BBB) project at NeoCity. Your feedback helps shape the future of our community and ensures that the projects align with the needs and goals of Osceola County residents. Please share your thoughts, ideas, or concerns through the form below. Together, we can create success today and far into the future!