Sec. 6. Approval of community economic development plans
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A community economic development plan for a region shall be considered approved under this section if each of the following criteria are satisfied: The plan is submitted to the Secretary of the Treasury in such form, and containing such information, as the Secretary may require. The plan contains a certification that the plan was developed and approved through a process that included participation from the following: State, Indian tribal, and local governments and agencies or instrumentalities of State, Indian tribal, and local governments.
State planning boards, workforce investment boards, chambers of commerce, and economic development organizations, if relevant. Local businesses. Labor and health organizations. Public school systems and institutions of higher education (as defined in section 101 of the Higher Education Act of 1965 ( 20 U.S.C. 1001 )). Religious and other community-based groups in the region, including those that provide assistance to the workers of the region and the families of the workers. Other public community institutions, such as library and park systems.
Members of the public, including unemployed or soon to be unemployed workers. The Secretary determines that the plan— ascertains the severity of an anticipated or existing economic dislocation of the region, including consideration of measures of unemployment rates and employment opportunities; assesses the capacity of the region to respond to such economic dislocation and the needs of the region, as the region undertakes economic advancement or adjustment, including with respect to— the diversity of industries in the region; the skills of the labor force in the region; the condition of the labor market of the region; the availability of financial resources in the region; the quality and availability of educational facilities, including 2-year institutions of higher education and vocational institutions, that serve the region; and the infrastructure of the region; includes a plan to use a local workforce and, when necessary, to train a local workforce; addresses the need of the region to attract investment, create jobs, increase wages, improve educational opportunities, and expand the availability of broadband Internet access; leverages the region's economic strengths and outlines targeted investments to develop competitive advantages to execute the objectives outlined, including a plan to utilize a local workforce and recently dislocated workers and, when necessary, train a local workforce; is the result of collaboration across a wide range of stakeholders; outlines a strategy which connects the region to drivers of regional economic growth; proposes a strategy for focusing on increased access to high quality, affordable, stable housing and improved public safety; and discusses the anticipated benefits execution of the plan will deliver for community integration, safety, employment outcomes, and home weatherization and energy efficiency, and the expected contribution of the project to the inclusion of individuals with disabilities.
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Sec. 6
Approval of community economic development plans
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