Community development (41 - 50 of 56 items)
Most Borrowers of Economic Opportunity Loans Have Not Succeeded in Business
CED-81-3: Published: Dec 8, 1980. Publicly Released: Dec 8, 1980.
The Small Business Administration (SBA) Economic Opportunity Loan Program (EOL) has been a means for sustained economic progress for relatively few borrowers. The program originated with the Economic Opportunity Act as a part of the war on poverty. Today, it is part of a larger SBA effort involving several programs to help socially and/or economically disadvantaged people create and maintain small...
More Can Be Done To Ensure That Industrial Parks Create New Jobs
CED-81-7: Published: Dec 2, 1980. Publicly Released: Dec 2, 1980.
Industrial park projects funded by the Economic Development Administration (EDA) have helped distressed areas attract businesses, which in turn have saved or created jobs for area residents. GAO reviewed 101 park projects to assess the projects' effectiveness and to determine what management improvements are needed to maximize project accomplishments.A number of park projects have problems. They h...
Financing Rural Electric Generating Facilities: A Large and Growing Activity
CED-81-14: Published: Nov 28, 1980. Publicly Released: Nov 28, 1980.
The Rural Electrification Administration (REA), through insured and guaranteed loans, makes available billions of dollars in financing to construct electric generating and transmitting facilities to meet the increasing demands for electricity in rural areas.To gain better budgeting control and increase private credit involvement, GAO believes that changes are needed in how this financing is budget...
Better Justifications Needed for Automated People Mover Demonstration Projects
CED-80-98: Published: Aug 19, 1980. Publicly Released: Aug 19, 1980.
The Urban Mass Transportation Administration (UMTA), which provides financial and technical aid to develop and improve urban mass transportation, believes that downtown people movers could help solve the problems of increasing transit deficits, traffic congestion, and associated air pollution. In April 1976, UMTA announced its program to demonstrate the benefits of people mover systems in urban do...
Federal Disaster Assistance: What Should the Policy Be?
PAD-80-39: Published: Jun 16, 1980. Publicly Released: Jul 16, 1980.
Federal disaster assistance is provided to the private sector through five major programs. These programs are intended to serve different types of disaster victims, but some groups are eligible for benefits under several programs. Disaster assistance policy should be based on economic welfare considerations of equity and resource allocation efficiency. Disaster assistance should not vary across in...
States Can Be Better Prepared To Respond to Disasters
CED-80-60: Published: Mar 31, 1980. Publicly Released: Apr 16, 1980.
After a major disaster occurred in Massachusetts, GAO was asked to evaluate how well that State was prepared to respond to the disaster. It was also asked to review the preparedness in six other states with regard to the development of implementing procedures for use by state agencies in carrying out tasks assigned under the state emergency plans.Massachusetts agencies incurred problems in impleme...
Farmers Home Administration: Emergency Loan Processing Procedures in Stanislaus County, California
CED-80-64: Published: Mar 3, 1980. Publicly Released: Apr 4, 1980.
The Farmers Home Administration (FmHA) Emergency Loan Program is administered by FmHA county offices located throughout the United States. The program's basic objective is to provide financial assistance to farmers after they have sustained severe losses as a result of a disaster. An audit of the FmHA Emergency Loan Program was undertaken to determine whether the loan processing regulations govern...
Measuring Accomplishments Under the Business Development Assistance Program--More Accurate Verification Recommended
CED-79-117: Published: Sep 6, 1979. Publicly Released: Sep 13, 1979.
The Economic Development Administration (EDA) attempts through its Business Development Assistance Program to create permanent jobs in areas of high unemployment by helping businesses to expand or locate new facilities in these areas. This help includes direct loans and guarantees of loans with private lending institutions. EDA has a goal that at least one permanent job will result for each $10,00...
Review of Urban Development Action Grant Program
109479: May 23, 1979
The Urban Development Action Grant Program (UDAG) provides development funds to states to assist physically and economically distressed cities and urban counties. A review was made of the administration of this program by the Department of Housing and Urban Development, addressing the amount of private investment stimulated, the number of permanent jobs created or retained, and the degree to which...
Evaluation of Agency Comments on GAO's Letter Report to Congressman Harsha
CED-79-76: Published: Apr 25, 1979. Publicly Released: Apr 25, 1979.
In January 1979, GAO issued a report reviewing processing of the application for the Oakwood apartments, near Milford, Ohio, an assisted housing project under the Department of Housing and Urban Development (HUD). HUD did not agree with two of the four GAO recommendations, and stated that the intent of a third recommendation was unclear. GAO still believes that the changes are needed, and that HUD...