Sec. 2225. Updated distress criteria and grant rates
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Section 301 of the Public Works and Economic Development Act of 1965 ( 42 U.S.C. 3161 ) is amended— in subsection (a), by striking paragraph
(3)and inserting the following: The area is an area that the Secretary determines has experienced or is about to experience a special need arising from actual or threatened severe unemployment, underemployment, or economic adjustment problems resulting from severe short-term or long-term changes in economic conditions. The area has a median household income of 80 percent or less of the national average. The area has— a labor force participation rate of 90 percent or less of the national average; or a prime-age employment gap of 5 percent or more. The area is an area that is expected to experience actual or threatened severe unemployment or economic adjustment problems resulting from severe short-term or long-term changes in economic conditions from energy industries that are experiencing accelerated contraction. ; and by adding at the end the following: To the extent the Secretary includes neighboring counties and communities in an economic development district in accordance with subsection (a)(3), the Secretary shall submit to Congress, and make publicly available online, a notification describing the justification for such inclusion and detailing the economic indicators of such neighboring counties and communities. .
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Sec. 2225
Updated distress criteria and grant rates
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