307.3—Use of Economic Adjustment Assistance Investments.
Economic Adjustment Assistance Investments may be used to develop a CEDS to alleviate long-term economic deterioration or a sudden and severe economic dislocation (a “Strategy Grant” ), or to fund a Project implementing such a CEDS (an “Implementation Grant” ).
(b)
Implementation Grants support the execution of activities identified in a CEDS. Specific activities may be funded as separate Investments or as multiple elements of a single Investment. Examples of Implementation Grant activities include:
(1)
Infrastructure improvements, such as site acquisition, site preparation, construction, rehabilitation and equipping of facilities;
(2)
Provision of business or infrastructure financing through the capitalization of Recipient-administered Revolving Loan Funds (“RLFs” ), which may include loans, loan guaranties and interest rate buy-downs to facilitate business lending activities;
(4)
Technical assistance, including organizational development such as business networking, restructuring or improving the delivery of business services, or feasibility studies;
(7)
Other activities justified by the CEDS that satisfy applicable statutory and regulatory requirements.