§ 307.3. Use of Economic Adjustment Assistance Investments.
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/us/cfr/t13/s§ 307.3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Economic Adjustment Assistance Investments may be used to develop a CEDS to alleviate long-term economic deterioration or a sudden and severe economic dislocation (a "Strategy Grant"), or to fund a Project implementing such a CEDS (an "Implementation Grant").
(a)Strategy Grants support developing, updating or refining a CEDS.
(b)Implementation Grants support the execution of activities identified in a CEDS. Specific activities may be funded as separate Investments or as multiple elements of a single Investment. Examples of Implementation Grant activities include:
(1)Infrastructure (as defined in § 301.11 of this chapter) improvements, such as site acquisition, site preparation, construction, rehabilitation and equipping of facilities;
(2)Provision of business or infrastructure financing through the capitalization of Recipient-administered Revolving Loan Funds ("RLFs"), which may include loans and interest rate buy-downs to facilitate business lending activities;
(3)Market or industry research and analysis;
(4)Technical assistance, including organizational development such as business networking, restructuring or improving the delivery of business services, or feasibility studies;
(5)Public services;
(6)Training; and
(7)Other activities justified by the CEDS that satisfy applicable statutory and regulatory requirements. \[71 FR 56675, Sept. 27, 2006, as amended at 79 FR 76132, Dec. 19, 2014\]
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§ 307.3
Use of Economic Adjustment Assistance Investments.
Fed. Reg.×1
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