[Code of Federal Regulations]
[Title 13, Volume 1]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 13CFR303.1]

[Page 611]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
CHAPTER III--ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE
 
PART 303_PLANNING INVESTMENTS AND COMPREHENSIVE ECONOMIC DEVELOPMENT 
 
Sec.  303.1  Purpose and scope.

    The purpose of EDA Planning Investments is to provide support to 
Planning Organizations for the development, implementation, revision or 
replacement of Comprehensive Economic Development Strategies, and for 
related short-term Planning Investments and State plans designed to 
create and retain higher-skill, higher-wage jobs, particularly for the 
unemployed and underemployed in the nation's most economically 
distressed Regions. EDA's Planning Investments support partnerships with 
District Organizations, Indian Tribes, community development 
corporations, non-profit regional planning organizations and other 
Eligible Recipients. Planning activities supported by these Investments 
must be part of a continuous process involving the active participation 
of Private Sector Representatives, public officials and private 
citizens, and include:
    (a) Analyzing local economies;
    (b) Defining economic development goals;
    (c) Determining Project opportunities; and
    (d) Formulating and implementing an economic development program 
that includes systematic efforts to reduce unemployment and increase 
incomes.