§ 3148. Investment priorities
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/usc/title-42/section-3148A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)In general Subject to subsection (b), for a project to be eligible for assistance under this subchapter, the project shall be consistent with 1 or more of the following investment priorities:
(1)Critical infrastructure Economic development planning or implementation projects that support development of public facilities, including basic public infrastructure, transportation infrastructure, or telecommunications infrastructure.
(2)Workforce Economic development planning or implementation projects that—
(A)support job skills training to meet the hiring needs of the area in which the project is to be carried out and that result in well-paying jobs; or
(B)otherwise promote labor force participation.
(3)Innovation and entrepreneurship Economic development planning or implementation projects that—
(A)support the development of innovation and entrepreneurship-related infrastructure;
(B)promote business development and lending; or
(C)foster the commercialization of new technologies that are creating technology-driven businesses and high-skilled, well-paying jobs of the future.
(4)Economic recovery resilience Economic development planning or implementation projects that enhance the ability of an area to withstand and recover from adverse short-term or long-term changes in economic conditions, including effects from industry contractions or economic impacts from natural disasters.
(5)Manufacturing Economic development planning or implementation projects that encourage job creation, business expansion, technology and capital upgrades, and productivity growth in manufacturing, including efforts that contribute to the competitiveness and growth of domestic suppliers or the domestic production of innovative, high-value products and production technologies.
(b)Conditions If the Secretary plans to use an investment priority that is not described in subsection (a), the Secretary shall submit to the Committee on Environment and Public Works of the Senate and the Committee on Transportation and Infrastructure of the House of Representatives a written notification that explains the basis for using that investment priority.
(c)Savings clause Nothing in this section waives any other requirement of this chapter.
(Pub. L. 89–136, title II, § 208, as added Pub. L. 118–272, div. B, title II, § 2218, Jan. 4, 2025, 138 Stat. 3182.)
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Cited by 5 sections
statute-compilations
statutes-at-large
- Public Law 108–373To reauthorize and improve the program authorized by the Public Works and Economic Development Act of 1965
- Public Law 105–393To reauthorize and make reforms to programs authorized by the Public Works and Economic Development Act of 1965 and the Appalachian Regional Development Act of 1965
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- Pub. L. 89–136, title II, § 208
- 138 Stat. 3182
- Pub. L. 105–393, title I, § 102(a)
- 112 Stat. 3605
- Pub. L. 108–373, title II, § 206(a)
- 118 Stat. 1761
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§ 3148
Investment priorities
Stat. Comp.×2
Stat.×2
Pub. L.×1
Pub. L.Pub. L. 89–136, title II, § 208
Stat.138 Stat. 3182
Pub. L.Pub. L. 105–393, title I, § 102(a)
Stat.112 Stat. 3605
Pub. L.Pub. L. 108–373, title II, § 206(a)
Cites 7 · showing 6Cited by 5 across 3 sources