Sec. 2225. UPDATED DISTRESS CRITERIA AND GRANT RATES
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## SEC. 2225 UPDATED DISTRESS CRITERIA AND GRANT RATES Section 301 of the Public Works and Economic Development Act of 1965 (42 U.S.C. 3161) is amended— ####
(1)in subsection (a), by striking paragraph
(3)and inserting the following: > > #### “(3) Unemployment, underemployment, or economic adjustment problems > > 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. > > > #### “(4) Low median household income > > The area has a median household income of 80 percent or less of the national average. > > > #### “(5) Workforce participation > > The area has— > > > ##### “(A) > > a labor force participation rate of 90 percent or less of the national average; or > > > ##### “(B) > > a prime-age employment gap of 5 percent or more. > > > #### “(6) Expected economic dislocation and distress from energy industry transitions > > 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 ####
(2)by adding at the end the following: > > ### “(e) Transparency > > 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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