PART 300—GENERAL INFORMATION Authority: 42 U.S.C. 3121; 42 U.S.C. 3122; 42 U.S.C. 3211; 15 U.S.C. 3701; Department of Commerce Organization Order 10-4. Source: 71 FR 56675, Sept. 27, 2006, unless otherwise noted. § 300.1 Introduction and mission. EDA was created by Congress pursuant to the Public Works and Economic Development Act of 1965 to provide financial assistance to both rural and urban distressed communities. EDA's mission is to lead the Federal economic development agenda by promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy. EDA will fulfill its mission by fostering entrepreneurship, innovation and productivity through Investments in infrastructure development, capacity building and business development in order to attract private capital investments and new and better jobs to Regions experiencing substantial and persistent economic distress. EDA works in partnership with distressed Regions to address problems associated with long-term economic distress as well as to assist those Regions experiencing sudden and severe economic dislocations, such as those resulting from natural disasters, conversions of military installations, changing trade patterns and the depletion of natural resources. EDA Investments generally take the form of Grants to or Cooperative Agreements with Eligible Recipients. [79 FR 76123, Dec. 19, 2014] § 300.2 EDA Headquarters and regional offices. (a) EDA's Headquarters Office is located at: U.S. Department of Commerce, Economic Development Administration, 1401 Constitution Avenue NW., Washington, DC 20230. (b) EDA has regional offices throughout the United States and each regional office's contact information may be found on EDA's Internet Web site at http://www.eda.gov [79 FR 76123, Dec. 19, 2014] § 300.3 Definitions. As used in this chapter, the following terms shall have the following meanings: Assistant Secretary Comprehensive Economic Development Strategy CEDS Cooperative Agreement See Co-Recipient Department District Organization Economic Development District District EDD EDA Eligible Applicant Eligible Recipient (1) City or other political subdivision of a State, including a special purpose unit of State or local government engaged in economic or infrastructure development activities, or a consortium of political subdivisions; (2) State; (3) Institution of higher education or a consortium of institutions of higher education; (4) Public or private non-profit organization or association, including a community or faith-based non-profit organization, acting in cooperation with officials of a political subdivision of a State; (5) District Organization; (6) Indian Tribe or a consortium of Indian Tribes; or (7) Private individual or for-profit organization, but only for Training, Research and Technical Assistance Investments pursuant to § 306.1(d)(3) of this chapter. Federal Agency Federal Funding Opportunity FFO http://www.grants.gov http://www.eda.gov Federally Declared Disaster Grant See Immediate Family In-Kind Contribution(s) Indian Tribe et seq. et seq. Interested Party Investment Investment Assistance Investment Rate Local Share Matching Share Presidentially Declared Disaster et seq. Project PWEDA et seq. Recipient Region Regional Regional Commission (1) The Appalachian Regional Commission established under chapter 143 of title 40, United States Code; (2) The Delta Regional Authority established under subtitle F of the Consolidated Farm and Rural Development Act (7 U.S.C. 2009aa et seq. (3) The Denali Commission established under the Denali Commission Act of 1998 (42 U.S.C. 3121 note; 112 Stat. 2681-637 et seq. (4) The Northern Great Plains Regional Authority established under subtitle G of the Consolidated Farm and Rural Development Act (7 U.S.C. 2009bb et seq. Regional Innovation Clusters RICs (1) Are based on a geographic area that may cross municipal, county, and other jurisdictional boundaries; (2) May include catalysts of innovation and drivers of Regional economic growth, such as universities, government research centers, and other research and development resources; (3) Have active channels for business transactions and communication; and (4) Depend upon specialized infrastructure, labor markets, and services that build on the unique competitive assets of a location, including talent, technology, services, and hard and soft infrastructure, to spur innovation, job creation, and business expansion. Special Impact Area Special Need (1) Substantial outmigration or population loss; (2) Underemployment; that is, employment of workers at less than full-time or at less skilled tasks than their training or abilities permit; (3) Military base closures or realignments, defense contractor reductions-in-force, or U.S. Department of Energy defense-related funding reductions; (4) Natural or other major disasters or emergencies; (5) Extraordinary depletion of natural resources; (6) Closing or restructuring of an industrial firm or loss of a major employer; (7) Negative effects of changing trade patterns; or (8) Other circumstances set forth in an FFO. State Stevenson-Wydler, et seq. Subrecipient Trade Act, et seq. United States [71 FR 56675, Sept. 27, 2006, as amended at 73 FR 62865, Oct. 22, 2008; 79 FR 76123, Dec. 19, 2014; 82 FR 57052, Dec. 1, 2017; 86 FR 52959, Sept. 24, 2021]