; and (ii) identifies industries and occupations to be targeted during the implementation phase. (B) Implementation grants The implementation grants awarded by the Secretary shall be used during an implementation phase. During the implementation phase, the eligible entities will implement their Invest in America plans, to support targeted economic expansion and resilience, job creation, and associated workforce development and re-employment opportunities. (4) Amount of grants (A) Factors The amounts of the planning grants and implementation grants will be based on a variety of factors, including— (i) long-term economic growth rates; (ii) prevalence of skill mismatches; (iii) long-term unemployment and underemployment; (iv) poverty and persistent poverty rates; and (v) number and percent of workers and employers impacted by economic shifts, such as shifts caused by trade, changes in government policy or regulation, or technological innovation. (B) Limits (i) Planning grants The Secretary shall make a planning grant in an amount of not less than $10,000 and not more than $500,000. (ii) Implementation grants The Secretary shall make an implementation grant in an amount of not less than $750,000 and not more than $7,500,000. (5) Duration of grants (A) Planning grants The Secretary shall make a planning grant for a period of not more than 2 years. (B) Implementation grants The Secretary shall make an implementation grant for a period of 3 years. (C) Extensions The Secretary may extend the period of an implementation grant made under this section for an additional 2-year period if the grant recipient demonstrates to the Secretary that the recipient is achieving its grant objectives and, as applicable, is meeting or is likely to meet the applicable performance measures. (b) Eligible entity In this Act, the term eligible entity means any of the following: (1) A consortium that— (A) includes 2 or more entities described in any of subparagraphs (A) through (F) of paragraph (2)