Sec. 101. Findings and declarations
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Section 2 of the Public Works and Economic Development Act of 1965 ( 42 U.S.C. 3121 ) is amended to read as follows: Congress finds that— there continue to be areas of the United States— experiencing chronic high unemployment, underemployment, outmigration, and low per capita incomes; and facing sudden and severe economic dislocations because of structural economic changes, changing trade patterns, certain Federal actions (including environmental requirements that result in the removal of economic activities from a locality), impacts from natural disasters, and transitioning industries, including energy generation, steel production, and mining; economic growth in the States, cities, and rural areas of the United States is produced by expanding economic opportunities, expanding free enterprise through trade, promoting resilience in public infrastructure, creating conditions for job creation, job retention, and business development, and by capturing the opportunities to lead the industries of the future, including advanced technologies, clean energy production, and advanced manufacturing technologies; the goal of Federal economic development programs is to raise the standard of living for all citizens and increase the wealth and overall rate of growth of the economy by encouraging communities to develop a more competitive and diversified economic base by— creating an environment that promotes economic activity by improving and expanding modern public infrastructure; promoting job creation, retention, and workforce readiness through increased innovation, productivity, and entrepreneurship; and empowering local and regional communities experiencing chronic high unemployment, underemployment, low labor force participation, and low per capita income to develop private sector business and attract increased private sector capital investment; while economic development is an inherently local process, the Federal Government should work in partnership with public and private State, regional, Tribal, and local organizations to maximize the impact of existing resources and enable regions, communities, and citizens to participate more fully in the American dream and national prosperity; in order to avoid duplication of effort and achieve meaningful, long-lasting results, Federal, State, Tribal, and local economic development activities should have a clear focus, improved coordination, a comprehensive approach, and simplified and consistent requirements;
Federal economic development efforts will be more effective if the efforts are coordinated with, and build on, the trade, workforce investment, scientific research, environmental protection, transportation, and technology programs of the United States, including through the consolidation and alignment of plans and strategies to promote effective economic development; rural communities face unique challenges in addressing infrastructure needs, sometimes lacking the necessary tax base for required upgrades, and often encounter limited financing options and capacity, which can impede new development and long-term economic growth; and assisting communities and regions in becoming more resilient to the effects of extreme weather threats and events will promote economic development and job creation.
In order to promote a strong, growing, resilient, competitive, and secure economy throughout the United States, the opportunity to pursue, and be employed in, high-quality jobs with family-sustaining wages, and to live in communities that enable business creation and wealth, Congress declares that— assistance under this Act should be made available to both rural- and urban-distressed communities; local communities should work in partnership with neighboring communities, States, Indian tribes, and the Federal Government to increase the capacity of the local communities to develop and implement comprehensive economic development strategies to alleviate economic distress and enhance competitiveness in the global economy; whether suffering from long-term distress or a sudden dislocation, distressed communities should be encouraged to support entrepreneurship to take advantage of the development opportunities afforded by technological innovation and expanding newly opened global markets; and assistance under this Act should be made available to modernize and promote recycling, promote the productive reuse of abandoned industrial facilities and the redevelopment of brownfields, and invest in public assets that support travel and tourism and outdoor recreation. .
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Sec. 101
Findings and declarations
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