§307.3. Use of Economic Adjustment Assistance Investments.
13 C.F.R. § 307.3
Economic Adjustment Assistance Investments may be used to develop a CEDS to alleviate long-term economic deterioration or a sudden and severe economic dislocation (a “Strategy Grant”), or to fund a Project implementing such a CEDS (an “Implementation Grant”).
Strategy Grants support developing, updating or refining a CEDS.
Implementation Grants support the execution of activities identified in a CEDS. Specific activities may be funded as separate Investments or as multiple elements of a single Investment. Examples of Implementation Grant activities include:
Infrastructure (as defined in § 301.11 of this chapter) improvements, such as site acquisition, site preparation, construction, rehabilitation and equipping of facilities;
Provision of business or infrastructure financing through the capitalization of Recipient-administered Revolving Loan Funds (“RLFs”), which may include loans and interest rate buy-downs to facilitate business lending activities;
Market or industry research and analysis;
Technical assistance, including organizational development such as business networking, restructuring or improving the delivery of business services, or feasibility studies;
Public services;
Training; and
Other activities justified by the CEDS that satisfy applicable statutory and regulatory requirements.
Notes, amendments, and revision history
Amendments
[71 FR 56675, Sept. 27, 2006, as amended at 79 FR 76132, Dec. 19, 2014]
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.
Amendments
[71 FR 56675, Sept. 27, 2006, as amended at 79 FR 76132, Dec. 19, 2014]