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Economic Development (61 - 70 of 3,034 items)
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)...
Global Manufacturing: Foreign Government Programs Differ in Some Key Respects From Those in the United States
GAO-13-365: Published: Jul 25, 2013. Publicly Released: Aug 26, 2013.
The four countries GAO analyzed--Canada, Germany, Japan, and South Korea--offer a varied mix of programs to support their manufacturing sectors. For example, Canada is shifting emphasis from its primary research and development (R&D) tax credit toward direct support to manufacturers to encourage innovation, particularly small- and medium-sized enterprises (SMEs). Germany has established applied in...
Travel Promotion: Brand USA Needs Plans for Measuring Performance and Updated Policy on Private Sector Contributions
GAO-13-705: Published: Jul 25, 2013. Publicly Released: Aug 26, 2013.
Brand USA's global campaign promotes travel to all 50 states through various television, print, billboard, Internet, and social media advertising activities, and its targeted campaigns conduct similar promotions in selected countries. To select countries for targeted campaigns, Brand USA uses several criteria, including volume of visitors and tourism revenue from the country. Brand USA launched ta...
COMPETES Reauthorization Act: Federal Loan Guarantees for Innovative Technologies in Manufacturing
GAO-13-717R: Published: Jul 24, 2013. Publicly Released: Jul 24, 2013.
Officials with the Department of Commerce's Economic Development Administration (EDA) said that the agency has taken preliminary steps to execute the Federal Loan Guarantees for Innovative Technologies in Manufacturing program but, as of June 2013, had not issued any loan guarantees under this program. According to officials, EDA has taken some steps to execute the program, such as establishing a...
Flood Insurance: Implications of Changing Coverage Limits and Expanding Coverage
GAO-13-568: Published: Jul 3, 2013. Publicly Released: Jul 3, 2013.
The National Flood Insurance Program (NFIP) currently has more than 5.5 million policyholders insured for about $1.3 trillion who pay about $3.5 billion in annual premiums, but less than half purchase maximum coverage--a possible indicator of how many might purchase additional coverage were it offered. However, from 2002 through 2012, the proportion of residential and commercial policies at maximu...
Flood Insurance: More Information Needed on Subsidized Properties
GAO-13-607: Published: Jul 3, 2013. Publicly Released: Jul 3, 2013.
The Biggert-Waters Flood Insurance Reform Act of 2012 (Biggert-Waters Act) immediately eliminated subsidies for about 438,000 National Flood Insurance Program (NFIP) policies, but subsidies on an estimated 715,000 policies across the nation remain. Depending on factors such as policyholder behavior, the number of subsidized policies will continue to decline over time. For example, as properties ar...
Community Development Block Grants: Reporting on Compliance with Limit on Funds Used for Administration Can Be Improved
GAO-13-247: Published: Mar 21, 2013. Publicly Released: Mar 21, 2013.
The annual appropriation for the Community Development Block Grant (CDBG) program allows grantees to use up to 20 percent of program funds for planning, management, and administration (collectively referred to as "administration"). Specifically, grantees may use these funds for a range of activities, including general management, oversight, and coordination; fair housing activities; preparing comm...
Entrepreneurial Assistance: Opportunities Exist to Improve Programs' Collaboration, Data-Tracking, and Performance Management
GAO-13-452T: Published: Mar 20, 2013. Publicly Released: Mar 20, 2013.
In summary, we found the following:Federal programs that support entrepreneurs are fragmented and overlap based on the type of assistance they are authorized to offer, such as financial (grants and loans) and technical (training and counseling), and the type of entrepreneur they are authorized to serve. Much of the overlap among these 52 programs tends to be concentrated among programs that provid...
Puerto Rico: Characteristics of the Island's Maritime Trade and Potential Effects of Modifying the Jones Act
GAO-13-260: Published: Mar 14, 2013. Publicly Released: Mar 20, 2013.
Jones Act requirements have resulted in a discrete shipping market between Puerto Rico and the United States. Most of the cargo shipped between the United States and Puerto Rico is carried by four Jones Act carriers that provide dedicated, scheduled weekly service using containerships and container barges. Although some vessels are operating beyond their expected useful service life, many have bee...
Regional Alaska Native Corporations: Status 40 Years after Establishment, and Future Considerations
GAO-13-121: Published: Dec 13, 2012. Publicly Released: Jan 9, 2013.
Incorporated under Alaska state law, regional Alaska Native corporations share fundamental characteristics, although they have chosen a variety of governance practices. Like other Alaska corporations, the regional corporations are subject to the state's corporate laws (with limited exceptions) and are run by an elected board of directors. Nevertheless, each regional corporation has chosen its own...