To amend the Public Works and Economic Development Act of 1965 to authorize the Secretary of Commerce to make predevelopment grants, and for other purposes.
About This Bill
Committee
Latest Action · August 2, 2023
Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
This bill amends the Public Works and Economic Development Act of 1965 to authorize the Commerce Department to award predevelopment grants to eligible communities and organizations. These grants can fund a range of preparatory activities including feasibility studies, environmental assessments, technical assistance, workforce training, capacity building, and permitting support needed before major economic development projects can move forward. The legislation targets communities with limited organizational resources by allowing the Commerce Secretary to waive certain cost-sharing requirements for recipients with low capacity, making it easier for disadvantaged areas to access funding. The bill does not specify a total funding amount or implementation timeline, leaving those details to be determined through the appropriations process. This legislation is intended to help communities overcome the initial barriers and planning obstacles that often prevent economic development projects from being initiated.
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