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Economic Development (41 - 50 of 3,034 items) in Custom Date Range
Community Development Capital Initiative: Status of the Program and Financial Health of Remaining Participants
GAO-14-579: Published: Jun 6, 2014. Publicly Released: Jun 6, 2014.
As of April 30, 2014, 82 percent of the Department of the Treasury's (Treasury) $570 million total investment in eligible banks and credit unions through the Community Development Capital Initiative (CDCI) was still outstanding. Sixteen institutions have exited the program, leaving 29 banks and 39 credit unions, respectively, in the program. Treasury had received repayments and investment income o...
Emergency Transportation Relief: Agencies Could Improve Collaboration Begun during Hurricane Sandy Response
GAO-14-512: Published: May 28, 2014. Publicly Released: May 28, 2014.
The Department of Transportation (DOT) is in the process of allocating, obligating, and disbursing the $13 billion appropriated by the Disaster Relief Appropriations Act, 2013 (DRAA) for surface transportation relief. Most of the DRAA surface transportation funds—over $10 billion—were appropriated to the Federal Transit Administration's (FTA) new Public Transportation Emergency Relief Program...
Nanomanufacturing and U.S. Competitiveness: Challenges and Opportunities
GAO-14-618T: Published: May 20, 2014. Publicly Released: May 20, 2014.
Forum participants described nanomanufacturing as an emerging set of developments that will become a global megatrend: a technological revolution that is now in its formative phases but that many knowledgeable persons—in science, business, and government—expect to burgeon in the years ahead, bringing new opportunities, “disruptive innovation,” jobs creation, and diverse societal benefits....
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...
Overview of GAO's Past Work on the National Flood Insurance Program
GAO-14-297R: Published: Apr 9, 2014. Publicly Released: May 9, 2014.
Over the past 11 years, GAO has identified a variety of challenges facing the National Flood Insurance Program (NFIP) and has made numerous recommendations to the Federal Emergency Management Agency (FEMA) to improve its administration of the program. FEMA has generally agreed with GAO's recommendations and has taken steps to address them. However, FEMA has not fully addressed all of the issues we...
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...
Manufacturing Extension Partnership: Most Federal Spending Directly Supports Work with Manufacturers, but Distribution Could Be Improved
GAO-14-317: Published: Mar 27, 2014. Publicly Released: Mar 27, 2014.
Of the approximately $608 million spent by the Department of Commerce's (Commerce) National Institute of Standards and Technology (NIST) in fiscal years 2009 through 2013 on the Manufacturing Extension Partnership (MEP) program, NIST used most of the funds to directly support MEP centers. Specifically, NIST spent about $495 million on awards to centers and spent the rest on contracts, staff, agenc...