[Code of Federal Regulations]
[Title 13, Volume 1]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 13CFR302.1]

[Page 485]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
CHAPTER III--ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE
 
PART 302--ECONOMIC DEVELOPMENT DISTRICTS; STANDARDS FOR DESIGNATION, MODIFICATION AND TERMINATION--Table of Contents
 
Sec. 302.1  Designation of Economic Development Districts.

    EDA will designate a proposed district as an Economic Development 
District with the concurrence of the State or States in which the 
District will be wholly or partially located, when the proposed district 
meets the following requirements:
    (a) It is of sufficient size or population, and contains sufficient 
resources, to foster economic development on a scale involving more than 
a single eligible area;
    (b) It has an EDA approved strategy which meets CEDS requirements 
under Sec. 303.3 of this chapter.
    (c) It contains at least one area, eligible for assistance under 
Sec. 301.2, that has been identified in an approved strategy;
    (d) At least a majority of the counties, or other areas as 
determined by EDA, within the proposed district boundaries have 
submitted documentation of their commitment to support the economic 
development activities of the district;
    (e) A district organization has been established in the proposed 
district which meets the requirements of Sec. 302.4; and
    (f) The proposed district organization requests such designation.

[64 FR 5355, Feb. 3, 1999, as amended at 65 FR 71024, Nov. 28, 2000]