§ 307.3 - Use of Economic Adjustment Assistance Investments.  


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  • § 307.3 Use of Economic Adjustment Assistance Investments.

    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]