Sec. 282. Economic development grant programs
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The Appalachian Regional Commission established by section 14301(a) of title 40, United States Code (referred to in this subsection as the Commission ), shall award grants to eligible counties to support economic development planning and implementation activities in those counties, including— developing entrepreneurial ecosystems; facilitating access to capital investments and new markets; and addressing barriers relating to adequate water, sewer, and telecommunications infrastructure.
The Commission may issue such regulations and guidance to carry out this subsection as the Commission determines to be necessary. The Commission shall use to carry out this subsection not more than $40,000,000 for each of fiscal years 2016 through 2025 from the Climate Fund. The Assistant Secretary of Commerce for Economic Development (referred to in this subsection as the Assistant Secretary ) shall— advance and coordinate regional place-based innovation efforts for the Federal Government; and provide planning and coordination assistance to eligible counties and other Federal agencies to assist in economic development activities under this subtitle.
The Assistant Secretary may issue such regulations and guidance to carry out this subsection as the Assistant Secretary determines to be necessary. The Assistant Secretary shall use to carry out this subsection not more than $10,000,000 for each of fiscal years 2016 through 2025 from the Climate Fund. The Director of the Office of Surface Mining Reclamation and Enforcement (referred to in this subsection as the Director ) shall award grants to eligible counties for activities relating to the reclamation of abandoned coal mine land sites and associated polluted waters.
The purpose of the grant program under this subsection is to promote sustainable redevelopment in eligible counties. The Director shall award grants based on economic factors, including— the unemployment rate in the eligible county; the amount and severity of problems in the eligible county relating to abandoned coal mine land and water problems; and whether, in the determination of the Director, reclamation activities to promote economic development would assist the eligible county.
In consultation with States, Indian tribes, and other stakeholders, the Director may issue such regulations and guidance to carry out this subsection as the Director determines to be necessary. The Director shall use to carry out this subsection not more than $250,000,000 for each of fiscal years 2016 through 2025 from the Climate Fund. The Administrator of the Small Business Administration shall award grants to members of disadvantaged communities to support entrepreneurial opportunities, such as starting or expanding small businesses or nonprofit organizations that— promote improvements in energy efficiency; design strategies to maximize energy efficiency; and promote— resource conservation and reuse; the installation or construction of renewable energy technologies or facilities, such as wind, wave, solar, and geothermal energy; and the effective use of existing infrastructure in affordable housing and economic development activities in low-income communities and disadvantaged communities.
The Administrator of the Small Business Administration may issue such regulations and guidance to carry out this subsection as the Administrator of the Small Business Administration determines to be necessary. The Administrator of the Small Business Administration shall use to carry out this subsection not more than $50,000,000 for each of fiscal years 2018 through 2050 from the Climate Fund.