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Economic Development (51 - 60 of 3,033 items)
Economic Development Administration: Documentation of Award Selection Decisions Could Be Improved
GAO-14-131: Published: Feb 6, 2014. Publicly Released: Feb 6, 2014.
The Economic Development Administration (EDA) implemented a new procedure in fiscal year 2012 that requires its regional offices to complete a standard template to document the results of committee meetings in which proposed projects are discussed and potentially recommended for funding. However, GAO found that for the Public Works and Economic Development (Public Works) program and the Economic A...
Entrepreneurial Assistance: Opportunities Exist to Improve Collaboration and Performance Management for Financial Assistance Programs
GAO-14-335T: Published: Feb 6, 2014. Publicly Released: Feb 6, 2014.
Federal programs GAO reviewed that offer financial support to entrepreneurs, such as grants and loans, are fragmented and overlap based on the type of support they are authorized to offer and the type of entrepreneur they are authorized to serve. The Departments of Commerce (Commerce), Housing and Urban Development (HUD), and Agriculture (USDA); the Small Business Administration (SBA); and the Off...
Recovery Act: Grant Implementation Experiences Offer Lessons for Accountability and Transparency
GAO-14-219: Published: Jan 24, 2014. Publicly Released: Jan 24, 2014.
Federal, state, and local officials responsible for implementing grants funded by the American Recovery and Reinvestment Act of 2009 (Recovery Act) as well as the external oversight community reported lessons learned regarding both useful practices and challenges to ensuring accountability. Faced with aggressive timelines for distributing billions of dollars, they adopted a number of practices to...
Flood Insurance: Strategies for Increasing Private Sector Involvement
GAO-14-127: Published: Jan 22, 2014. Publicly Released: Jan 22, 2014.
According to stakeholders with whom GAO spoke, several conditions must be present to increase private sector involvement in the sale of flood insurance. First, insurers need to be able to accurately assess risk to determine premium rates. For example, stakeholders told GAO that access to National Flood Insurance Program (NFIP) policy and claims data and upcoming improvements in private sector comp...
National Flood Insurance Program: Progress Made on Contract Management but Monitoring and Reporting Could Be Improved
GAO-14-160: Published: Jan 15, 2014. Publicly Released: Jan 15, 2014.
The Federal Emergency Management Agency (FEMA) has made progress in improving its processes for monitoring NFIP contracts since GAO last reported on these issues in 2008 and 2011. For example, GAO recommended in 2011 that FEMA complete the development and implementation of its revised acquisition process to be consistent with a Department of Homeland Security (DHS) directive. FEMA updated its cont...
Hurricane Sandy Relief: Improved Guidance on Designing Internal Control Plans Could Enhance Oversight of Disaster Funding
GAO-14-58: Published: Nov 26, 2013. Publicly Released: Nov 26, 2013.
In response to the Disaster Relief Appropriations Act, 2013, agencies prepared Hurricane Sandy disaster relief internal control plans based on Office of Management and Budget (OMB) guidance but did not consistently apply the guidance in preparing these plans. OMB Memorandum M-13-07 (M-13-07), Accountability for Funds Provided by the Disaster Relief Appropriations Act, directed federal agencies to...
National Preparedness: Actions Taken by FEMA to Implement Select Provisions of the Post-Katrina Emergency Management Reform Act of 2006
GAO-14-99R: Published: Nov 26, 2013. Publicly Released: Nov 26, 2013.
In summary, GAO found that the Federal Emergency Management Agency (FEMA) reported taking various actions to address each of the five provisions of the Post-Katrina Emergency Management Reform Act of 2006 (Post-Katrina Act) that GAO reviewed.6 U.S.C. 319 (b)(2)(C): In response to this provision--which requires FEMA to revise the Catastrophic Incident Annex (the Annex) to the National Response Plan...
Financial Crime: Foreclosure Rescue Schemes Have Become More Complex, and Efforts to Combat Them Continue
GAO-14-17: Published: Oct 29, 2013. Publicly Released: Oct 29, 2013.
Foreclosure rescue schemes remain at historically high levels and have become more complex. The Federal Trade Commission's (FTC) Consumer Sentinel Network--an online database of consumer complaints received by FTC, law enforcement agencies, and other organizations--showed that complaints about these schemes rose from around 9,000 in 2009 to more than 18,000 each year in 2010, 2011, and 2012. In ad...
Nuclear Terrorism Response Plans: Major Cities Could Benefit from Federal Guidance on Responding to Nuclear and Radiological Attacks
GAO-13-736: Published: Sep 30, 2013. Publicly Released: Sep 30, 2013.
Many emergency managers from the 27 major cities responding to GAO's questionnaire, although not all, reported that their city had assessed the risks of a terrorist attack using a radiological dispersal device (RDD) or improvised nuclear device (IND) and had ranked the risk of these attacks as lower than the risk of other hazards they face. Also, 11 of the 27 reported that they had completed RDD r...
National Flood Insurance Program: Continued Attention Needed to Address Challenges
GAO-13-858T: Published: Sep 18, 2013. Publicly Released: Sep 18, 2013.
The National Flood Insurance Program (NFIP) was added to GAO's high-risk list in 2006 and remains high risk due to losses incurred from the 2005 hurricanes and subsequent losses, the financial exposure the program represents for the federal government, and ongoing management and operational challenges. As of July 31, 2013, the program owed approximately $24 billion to the U.S. Treasury (Treasury)...