---
kind: "section"
citation: "13 C.F.R. § 307.2"
title: "13"
number: "307.2"
heading: "Criteria for Economic Adjustment Assistance Investments."
url: "https://uscodex.org/cfr/13/307.2"
---

# §307.2. Criteria for Economic Adjustment Assistance Investments.

- (a) Economic Adjustment Assistance Investments are intended to enhance a distressed community's ability to compete economically by stimulating private investment in targeted economic sectors through use of tools that:
  - (1) Help develop and implement a CEDS;
  - (2) Expand the capacity of public officials and economic development organizations to work effectively with businesses;
  - (3) Assist in overcoming major obstacles identified in the CEDS;
  - (4) Enable communities to plan and coordinate the use of Federal resources and other resources available to support economic recovery, development of Regional economies, or recovery from natural or other disasters; or
  - (5) Encourage the development of innovative public and private approaches to economic restructuring and revitalization.
- (b) Economic Adjustment Assistance Investments may be made when the Project funded by the Investment will help the Region meet a Special Need. The Region in which a Project is located must have a CEDS with which the Project is consistent (except that this requirement shall not apply to Strategy Grants described in [§ 307.3](/cfr/13/307.3.md)).

## Notes

### Authority

Authority: 42 U.S.C. 3211; 42 U.S.C. 3149; 42 U.S.C. 3161; 42 U.S.C. 3162; 42 U.S.C. 3233; Department of Commerce Organization Order 10-4.

### Source

Source: 71 FR 56675, Sept. 27, 2006, unless otherwise noted.