§304.1. Designation of Economic Development Districts: Regional eligibility.
13 C.F.R. § 304.1
Upon the request of a District Organization (as defined in § 304.2), EDA may designate a Region as an Economic Development District if such Region:
Contains at least one geographic area that is subject to the economic distress criteria set forth in § 301.3(a)(1) of this chapter and is identified in an approved CEDS;
Is of sufficient size or population and contains sufficient resources to foster economic development on a scale involving more than a single geographic area subject to the economic distress criteria set forth in § 301.3(a)(1) of this chapter;
Has an EDA-approved CEDS that—
Meets the requirements under § 303.7 of this chapter;
Contains a specific program for intra-District cooperation, self-help, and public investment; and
Is approved by each affected State and by the Assistant Secretary;
Obtains commitments from at least a majority of the counties or other areas within the proposed District, as determined by EDA, to support the economic development activities of the District; and
Obtains the concurrence with the designation request from the State (or States) in which the proposed District will be wholly or partially located.
Notes, amendments, and revision history
Amendments
[71 FR 56675, Sept. 27, 2006, as amended at 79 FR 76131, Dec. 19, 2014]
Authority
Authority: 42 U.S.C. 3122; 42 U.S.C. 3171; 42 U.S.C. 3172; 42 U.S.C. 3196; Department of Commerce Organization Order 10-4.
Source
Source: 71 FR 56675, Sept. 27, 2006, unless otherwise noted.
Amendments
[71 FR 56675, Sept. 27, 2006, as amended at 79 FR 76131, Dec. 19, 2014]