§ 301.4. Investment rates.

500 words·~2 min read·/us/cfr/t13/s§ 301.4·

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(a)Minimum Investment Rate. There is no minimum Investment Rate for a Project.

(b)Maximum Investment Rate---(1) General rule. Except as otherwise provided by this paragraph

(b)or paragraph

(c)of this section, the maximum EDA Investment Rate for all Projects shall be determined in accordance with Table 1 in paragraph (b)(1)(ii) of this section. The maximum EDA Investment Rate shall not exceed the sum of 60 percent, plus up to an additional 30 percent based on the relative needs of the Region in which the Project is located, as determined by EDA. (i)(A) Relative needs. In determining the relative needs of the Region in which the Project is located, EDA will prioritize allocations of its Investment Assistance to ensure that the level of economic distress of a Region, rather than a preference for a specific geographic area or a specific type of economic distress, is the primary factor in allocating its Investment Assistance. In making this determination, EDA will take into consideration the following measures of economic distress:

(1)The severity of the unemployment rate and the duration of the unemployment in the Region;

(2)The per capita income levels and the extent of underemployment in the Region;

(3)The outmigration of population and the extent to which such outmigration is causing economic injury in the Region; and

(4)Such other factors as EDA deems relevant in determining the relative needs of the Region in which the Project is located.

(B)A Project is eligible for the maximum allowable Investment Rate as determined by EDA between the time EDA receives the application for Investment Assistance and the time that EDA awards Investment Assistance to the Project; however, the burden is on the Eligible Applicant to establish the relative needs of the Region in which the Project is located.

(ii)Table 1. Table 1 of this paragraph sets forth the maximum allowable Investment Rate for Projects located in Regions subject to certain levels of economic distress. In cases where Table 1 produces divergent results (i.e., where Table 1 produces more than one maximum allowable Investment Rate based on the Region's levels of economic distress), the higher Investment Rate produced by Table 1 shall be the maximum allowable Investment Rate for the Project. ::: {width="100%"} ::: {.table_head} Table 1 ::: ::: {.gpotbl_div} Projects located in regions in which: Maximum allowable investment rates (percentage)

(A)The 24-month unemployment rate is at least 225% of the national average; or ``` ``` 80

(B)The per capita income is not more than 50% of the national average ``` ``` 80

(C)The 24-month unemployment rate is at least 200% of the national average; or ``` ``` 70

(D)The per capita income is not more than 60% of the national average ``` ``` 70

(E)The 24-month unemployment rate is at least one percentage point greater than the national average; or ``` ``` 60

(F)The per capita income is not more than 80% of the national average ``` ``` 60 ``` ``` ```

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§ 301.4

Investment rates.

Fed. Reg.×60

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