[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: 13CFR304.1]

[Page 614]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
CHAPTER III--ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE
 
PART 304_ECONOMIC DEVELOPMENT DISTRICTS--Table of Contents
 
Sec.  304.1  Designation of Economic Development Districts: Regional 

eligibility.

    Upon the request of a District Organization (as defined in Sec.  
304.2), EDA may designate a Region as an Economic Development District 
if such Region:
    (a) Contains at least one (1) geographic area that is subject to the 
economic distress criteria set forth in Sec.  301.3(a)(1) of this 
chapter and is identified in an approved CEDS;
    (b) Is of sufficient size or population and contains sufficient 
resources to foster economic development on a scale involving more than 
a single geographic area subject to the economic distress criteria set 
forth in Sec.  301.3(a)(1) of this chapter;
    (c) Has an EDA-approved CEDS that
    (1) Meets the requirements under Sec.  303.7 of this chapter;
    (2) Contains a specific program for intra-District cooperation, 
self-help, and public investment; and
    (3) Is approved by each affected State and by the Assistant 
Secretary;
    (d) Obtains commitments from at least a majority of the counties or 
other areas within the proposed District, as determined by EDA, to 
support the economic development activities of the District; and
    (e) Obtains the concurrence with the designation request from the 
State (or States) in which the proposed District will be wholly or 
partially located.