§ 304.1. Designation of Economic Development Districts: Regional eligibility.

206 words·~1 min read·/us/cfr/t13/s§ 304.1·

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Upon the request of a District Organization (as defined in § 304.2), EDA may designate a Region as an Economic Development District if such Region:

(a)Contains at least one geographic area that is subject to the economic distress criteria set forth in § 301.3(a)(1) of this chapter and is identified in an approved CEDS;

(b)Is of sufficient size or population and contains sufficient resources to foster economic development on a scale involving more than a single geographic area subject to the economic distress criteria set forth in § 301.3(a)(1) of this chapter;

(c)Has an EDA-approved CEDS that:

(1)Meets the requirements under § 303.7 of this chapter;

(2)Contains a specific program for intra-District cooperation, self-help, and public investment; and

(3)Is approved by each affected State and by the Assistant Secretary;

(d)Obtains commitments from at least a majority of the counties or other areas within the proposed District, as determined by EDA, to support the economic development activities of the District; and

(e)Obtains the concurrence with the designation request from the State (or States) in which the proposed District will be wholly or partially located. \[71 FR 56675, Sept. 27, 2006, as amended at 79 FR 76131, Dec. 19, 2014\]

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§ 304.1

Designation of Economic Development Districts: Regional eligibility.

Fed. Reg.×13

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