The Department of Commerce's Economic Development Administration (EDA) used its standard grant award process to announce, receive, and review applications for the Community Trade Adjustment Assistance (CTAA) program, with modifications related to program eligibility. To comply with legislative requirements, EDA reached out to eligible communities by identifying those with workers or firms already

In summary, based on our work to date, we have found that (1) the design of each of these economic development programs appears to overlap with that of at least one other program in terms of the economic development activities that they are authorized to fund; (2) Commerce, HUD, SBA, and USDA appear to have taken actions to implement some collaborative practices but have offered little evidence s

In summary, based on our work to date, we have found that (1) the design of each of these economic development programs appears to overlap with that of at least one other program in terms of the economic development activities that they are authorized to fund; (2) Commerce, HUD, SBA, and USDA appear to have taken actions to implement some collaborative practices but have offered little evidence s

Our work to date suggests that the design of each of these 80 economic development programs appears to overlap with that of at least one other program in terms of the economic development activity that they are authorized to fund. For example, the four agencies administer a total of 54 programs that can fund "entrepreneurial efforts," which includes helping businesses to develop business plans an

The complementary nature of some SBA loan programs and Rural Development business programs provides a rationale for the agencies to collaborate. SBA and Rural Development have similar economic development missions, and their programs provide financing for similar purposes, including start-up and expansion projects, equipment purchases, and working capital for small businesses. According to SBA an

While SBA and Rural Development are not currently involved in a collaborative working relationship, SBA and Rural Development have used a number of different mechanisms, both formal and informal, to collaborate with other agencies and each other. For example, both agencies have used the Economy Act--a general statutory provision that permits federal agencies, under certain circumstances, to enter

Leveraging can be a useful tool for financing affordable housing and community and economic development and generally is regarded favorably by public and private sector officials; however, its use may have unintended consequences, and commonly used measures of leveraging have certain limitations. Leveraging can occur at an institutional level (to fund multiple initiatives) and at a project level

This document presents the results of GAO's survey of federal Enterprise Communities (EC) that were designated in the first round of the Empowerment Zone and Enterprise Community program in 1994. Round I ECs received $2.95 million in program grants and businesses in the ECs could use a program tax-exempt bond. The purpose of our survey was to collect data describing how Round I ECs implemented th

Both the EZ/EC and RC programs were designed to improve conditions in distressed American communities; however, the features of the programs have changed over time. Round I and II EZs and ECs received different combinations of grant funding and tax benefits, while Round III EZs and RCs received mainly tax benefits. To implement the programs, federal agencies have, among other things, designated p