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Economic Development Activities: Overview of Eight Federal Programs

RCED-97-193 Published: Aug 28, 1997. Publicly Released: Sep 29, 1997.
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Highlights

Pursuant to a congressional request, GAO reviewed the economic development activities of eight federal programs, focusing on: (1) the economic development activities that major federal programs fund for the benefit of states and communities; (2) restrictions for using program funds to relocate existing businesses and jobs; (3) procedures that federal agencies established to ensure compliance with the restrictions; and (4) types of incentives that states and communities have used to attract businesses and the role that incentives may play in a business's decision to relocate.

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Business assistanceCommunity development programsEconomic developmentEconomic growthEconomically depressed areasEmployment assistance programsFederal aid to statesGrants to statesIntergovernmental fiscal relationsPublic works