Two local development agencies have secured federal pandemic relief funds to identify what sorts of economic development projects would be best suited to each part of the Madison region.

The Madison Region Economic Partnership (MadREP) and the Capital Area Regional Planning Commission (CARPC) announced today that they would put the $160,000 they received through the federal CARES Act toward the $200,000 initiative.

Over the next 20 months, the two agencies will study Columbia, Dane, Dodge, Green, Iowa, Jefferson, Rock, and Sauk Counties and map their specific assets — for example, labor force strengths or local supplies of raw material. They’ll then use that information to determine where to invest in enhancing industry sectors like advanced manufacturing, information and communications technology, biological sciences and health care.

The Madison Region Economic Partnership, which leads economic development efforts for the eight-county Madison region, and the Capital Area Regional Planning Commission, which does planning for Dane County and the municipalities with incorporated areas within the county, say their goal is to develop a “Pandemic Recovery Sector Strategy” that would target investments to the communities that can benefit most.