Economic development (1 - 10 of 589 items)
HUBZone Program: Opportunities Exist to Further Improve Oversight
GAO-16-866T: Published: Sep 7, 2016. Publicly Released: Sep 7, 2016.
As of August 2016, the Small Business Administration (SBA) had taken steps to better inform firms about changes in the designations of Historically Underutilized Business Zones (HUBZones) but had not yet fully implemented GAO's February 2015 recommendation to improve this process.SBA primarily designates economically distressed areas as HUBZones, based on demographic data such as unemployment and...
Community Development Block Grants: Sources of Data on Community Income Are Limited
GAO-16-734: Published: Sep 6, 2016. Publicly Released: Sep 6, 2016.
The Department of Housing and Urban Development's (HUD) and states' primary method for communities to demonstrate eligibility when they disagree with HUD's eligibility determination is to allow communities to conduct their own local income surveys to show that they meet the Community Development Block Grant (CDBG) income threshold. HUD instructs small communities, known as nonentitlement communiti...
Innovative Manufacturing: Commerce Should Target Program Outreach to Address Capital Access Gaps
GAO-16-271: Published: Feb 4, 2016. Publicly Released: Feb 4, 2016.
The Department of Commerce's Economic Development Administration (EDA) has taken a number of steps to implement the Federal Loan Guarantees for Innovative Technologies in Manufacturing (ITM) program, but several key tasks remain before EDA can issue loan guarantees. EDA hired a contractor to assist with developing the program, drafted program documents and published them in the Federal Register fo...
Denali Commission: Options Exist to Address Management Challenges
GAO-15-72: Published: Mar 25, 2015. Publicly Released: Mar 25, 2015.
The Denali Commission has faced two key challenges in fulfilling its statutory purpose of providing, among other things, infrastructure and economic development services to rural communities; but options exist to address them. First, a 90 percent decrease in Commission funding from its peak in fiscal year 2007 has raised concerns about whether the Commission can sustain its current approach as pri...
African Growth and Opportunity Act: Eligibility Process and Economic Development in Sub-Saharan Africa
GAO-15-300: Published: Feb 12, 2015. Publicly Released: Feb 12, 2015.
The U.S. government uses the annual eligibility review process required by the African Growth and Opportunity Act (AGOA) to engage with sub-Saharan African countries on their progress toward economic, political, and development reform objectives reflected in AGOA's eligibility criteria. Managed by the Office of the United States Trade Representative, the review process brings together officials fr...
Arctic Issues: Better Direction and Management of Voluntary Recommendations Could Enhance U.S. Arctic Council Participation
GAO-14-435: Published: May 16, 2014. Publicly Released: May 19, 2014.
The Arctic Council (Council) is a voluntary intergovernmental forum for Arctic States, with involvement of indigenous organizations and other stakeholders, to address various environmental and economic issues through projects and reports targeting a variety of subjects. The eight Arctic States guide the work of the Council through consensus decisions and rotate the chairmanship of the Council ever...
Disaster Resilience: Actions Are Underway, but Federal Fiscal Exposure Highlights the Need for Continued Attention to Longstanding Challenges
GAO-14-603T: Published: May 14, 2014. Publicly Released: May 14, 2014.
GAO has identified various challenges to resilience building—actions to help prepare and plan for, absorb, recover from, and more successfully adapt to adapt to adverse events including those caused by extreme weather. These include challenges for communities in balancing hazard mitigation investments with economic development goals, challenges for individuals in understanding and acting to limi...
Alternative Jet Fuels: Federal Activities Support Development and Usage, but Long-term Commercial Viability Hinges on Market Factors
GAO-14-407: Published: May 7, 2014. Publicly Released: May 7, 2014.
The federal government supports the development and use of alternative jet fuels through both broad and targeted initiatives. Broad national strategies promote the development of a variety of alternative fuels—including alternative jet fuel—to help achieve national goals, such as securing energy independence, fostering economic development, and reducing greenhouse gas emissions. In addition, t...
Maritime Infrastructure: Key Issues Related to Commercial Activity in the U.S. Arctic over the Next Decade
GAO-14-299: Published: Mar 19, 2014. Publicly Released: Apr 18, 2014.
Commercial U.S. Arctic maritime activities are expected to be limited for the next 10 years, according to industry representatives, due to a variety of factors. Interviews with industry representatives highlighted a variety of general challenges related to operating in the Arctic, such as geography, extreme weather, and hard-to-predict ice floes. Industry-specific factors were also cited as contri...
Small Business Administration: Actions Needed to Ensure Planned Improvements Address Key Requirements of the Development Company (504) Loan Program
GAO-14-233: Published: Mar 6, 2014. Publicly Released: Apr 7, 2014.
The Small Business Administration (SBA) has established lending standards to protect against default and has measured program performance, but lacks guidance on determining the number of jobs supported by 504 program-funded projects. SBA's guidance for certified development companies (CDC)—nonprofits that provide funding to small businesses to promote local economic development in their communit...