PRIA, Government Policy, Made Personal

Summary

To get funding under this program, a project must match at least one of five investment priorities. The five priorities cover: critical infrastructure (planning or building public facilities like basic utilities, roads, or telecommunications); workforce (training people for local hiring and good-paying jobs or otherwise helping more people join the workforce); innovation and entrepreneurship (building innovation space, supporting business growth and lending, or turning new technologies into tech-driven businesses and skilled jobs); economic recovery and resilience (helping areas cope with and bounce back from industry losses or disasters); and manufacturing (encouraging job growth, business expansion, tech and equipment upgrades, and stronger domestic production). If the Secretary wants to use a different priority, the Secretary must send a written notice to the Committee on Environment and Public Works of the Senate and the Committee on Transportation and Infrastructure of the House of Representatives explaining why. Nothing here removes other requirements in the chapter.

Title 42, §3148

The Public Health and Welfare, Source: USLM XML via OLRC

(a)In general

Subject to subsection (b), for a project to be eligible for assistance under this subchapter, the project shall be consistent with 1 or more of the following investment priorities:

(1)Critical infrastructure

Economic development planning or implementation projects that support development of public facilities, including basic public infrastructure, transportation infrastructure, or telecommunications infrastructure.

(2)Workforce

Economic development planning or implementation projects that—

(A)support job skills training to meet the hiring needs of the area in which the project is to be carried out and that result in well-paying jobs; or

(B)otherwise promote labor force participation.

(3)Innovation and entrepreneurship

Economic development planning or implementation projects that—

(A)support the development of innovation and entrepreneurship-related infrastructure;

(B)promote business development and lending; or

(C)foster the commercialization of new technologies that are creating technology-driven businesses and high-skilled, well-paying jobs of the future.

(4)Economic recovery resilience

Economic development planning or implementation projects that enhance the ability of an area to withstand and recover from adverse short-term or long-term changes in economic conditions, including effects from industry contractions or economic impacts from natural disasters.

(5)Manufacturing

Economic development planning or implementation projects that encourage job creation, business expansion, technology and capital upgrades, and productivity growth in manufacturing, including efforts that contribute to the competitiveness and growth of domestic suppliers or the domestic production of innovative, high-value products and production technologies.

(b)Conditions

If the Secretary plans to use an investment priority that is not described in subsection (a), the Secretary shall submit to the Committee on Environment and Public Works of the Senate and the Committee on Transportation and Infrastructure of the House of Representatives a written notification that explains the basis for using that investment priority.

(c)Savings clause

Nothing in this section waives any other requirement of this chapter.

Notes & Related Subsidiaries

Editorial Notes

Prior Provisions

A prior section 3148, Pub. L. 89–136, title II, § 208, as added Pub. L. 105–393, title I, § 102(a), Nov. 13, 1998, 112 Stat. 3605, related to prevention of unfair competition, prior to repeal by Pub. L. 108–373, title II, § 206(a), Oct. 27, 2004, 118 Stat. 1761.

§3148 Investment Priorities

Summary

Title 42, §3148

Notes & Related Subsidiaries

Editorial Notes

Prior Provisions

Citations & Metadata