PART 303—PLANNING INVESTMENTS AND COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGIES Authority: 42 U.S.C. 3143; 42 U.S.C. 3162; 42 U.S.C. 3174; 42 U.S.C. 3211; Department of Commerce Organization Order 10-4. Source: 71 FR 56675, Sept. 27, 2006, unless otherwise noted. Subpart A—General § 303.1 Overview of EDA's Planning Program. The purpose of EDA Planning Investments is to provide support to Planning Organizations for the development, implementation, revision, or replacement of Comprehensive Economic Development Strategies, and for related State plans and short-term Planning Investments designed to create and retain new and better jobs, particularly for the unemployed and underemployed in the nation's most economically distressed Regions. EDA's Planning Investments support partnerships with District Organizations, Indian Tribes, community development corporations, non-profit Regional planning organizations, and other Eligible Recipients. Planning activities supported by these Investments must be part of a continuous process involving the active participation of the private sector, public officials, non-profit organizations, educational institutions, and private citizens, and include: (a) Analyzing local economies; (b) Defining economic development goals; (c) Determining Project opportunities; and (d) Formulating and implementing an economic development program that includes systematic efforts to reduce unemployment and increase incomes. [71 FR 56675, Sept. 27, 2006, as amended at 79 FR 76129, Dec. 19, 2014] § 303.2 Definitions. In addition to the defined terms set forth in § 300.3 of this chapter, the following terms used in this part shall have the following meanings: Planning Investment Planning Organization Strategy Committee § 303.3 Application requirements and evaluation criteria. (a) For Planning Investment awards, EDA uses the general application evaluation criteria set forth in § 301.8 of this chapter. In addition, applications for Planning Investments must include information about the following: (1) The proposed scope of work for the development, implementation, revision or replacement of the CEDS, or the relation of the CEDS to the proposed short-term planning activities or the State plan; (2) Qualifications of the Eligible Applicant to implement the goals and objectives resulting from the CEDS, short-term planning activities or the State plan; (3) The involvement of the Region's business leadership at each stage of the preparation of the CEDS, short-term planning activities or State plan; (4) Extent of broad-based representation and involvement of the Region's civic, business, labor, minority and other interests in the Eligible Applicant's economic development activities; and (5) Feasibility of the proposed scope of work to create and retain new and better jobs through implementation of the CEDS. (b) In addition to the criteria set forth in paragraph (a) of this section, funded Recipients are evaluated on the basis of the extent of continuing economic distress within the Region, their past performance, and the overall effectiveness of their CEDS. (c) For Planning Investment awards to a State, the Assistant Secretary also shall consider the extent to which the State will integrate and coordinate its CEDS with local and Economic Development District plans. (d) The Investment Rates for Planning Investments will be determined in accordance with § 301.4 of this chapter. [71 FR 56675, Sept. 27, 2006, as amended at 79 FR 76129, Dec. 19, 2014] § 303.4 Award requirements. (a) Planning Investments shall be coordinated with and effectively leverage any other available Federal, State, or local planning assistance and private sector investments. (b) Except in compelling circumstances as determined by the Assistant Secretary, EDA will not provide Planning Investments for multiple CEDS that address the needs of an identical or substantially similar Region. (c) EDA will provide a Planning Investment for the period of time required to develop, revise or replace, and implement a CEDS, generally in 36-month renewable Investment project periods. [71 FR 56675, Sept. 27, 2006, as amended at 73 FR 62866, Oct. 22, 2008; 79 FR 76130, Dec. 19, 2014] § 303.5 [Reserved] Subpart B—Partnership Planning Assistance § 303.6 Partnership Planning and the EDA-funded CEDS process. (a) Partnership Planning Overview. (b) CEDS Process. (1) CEDS Strategy Committee. (2) Public notice and comment. (3) Reports and updates. (ii) The Planning Organization must submit a new or revised CEDS to EDA at least every five years, unless EDA or the Planning Organization determines that a new or revised CEDS is required earlier due to changed circumstances. In connection with the submission of a new or revised CEDS, the Planning Organization shall use its best efforts to obtain renewed commitments from participating counties or other areas within the District to support the economic development activities of the District. Provided the Planning Organization can document a good faith effort to obtain renewed commitments, the inability to secure renewed commitments shall not disqualify a CEDS update. (iii) Any updated CEDS performance report that results in a change of the requirements set forth in § 303.7(b)(1)(iii) of the EDA-accepted CEDS or any new or revised CEDS, must be available for review and comment by the public in accordance with paragraph (b)(2) of this section. (4) Inadequate CEDS. (5) Regional Commission notification. [79 FR 76130, Dec. 19, 2014, as amended at 82 FR 57054, Dec. 1, 2017] § 303.7 Requirements for Comprehensive Economic Development Strategies. (a) General. (b) Strategy requirements. (i) A summary of economic development conditions of the Region; (ii) An in-depth analysis of economic and community development strengths, weaknesses, opportunities, and threats (commonly known as a “ SWOT” (iii) Strategies and an implementation plan to build upon the Region's strengths and opportunities and resolve the weaknesses and threats facing the Region, which should not be inconsistent with applicable State and local economic development or workforce development strategies; and (iv) Performance measures used to evaluate the Planning Organization's successful development and implementation of the CEDS. (2) EDA will publish and periodically update specific CEDS content guidelines. (c) Consideration of non-EDA funded CEDS. (2) If the CEDS for a Project under parts 305 and 307 of this chapter is developed under another federally-supported program, it must include acceptable performance measures similar to those set forth in paragraph (b) of this section and information on the state of the Regional economy. To the maximum extent practicable, the CEDS shall be consistent and coordinated with any existing economic development plan for the Region. [71 FR 56675, Sept. 27, 2006, as amended at 79 FR 76130, Dec. 19, 2014; 82 FR 57054, Dec. 1, 2017] Subpart C—State and Short-Term Planning Assistance § 303.8 Requirements for State plans. (a) As a condition of a State receiving a Planning Investment: (1) The State must have or develop a CEDS that meets the requirements of § 303.7; (2) Any State plan developed with Planning Investment Assistance must, to the maximum extent practicable, be developed cooperatively by the State, political subdivisions of the State, and the Economic Development Districts located wholly or partially in the State; and (3) The State must submit to EDA an annual report on any State plan receiving Planning Investment Assistance. (b) Before awarding a Planning Investment to a State, EDA shall consider the extent to which the State will take into account local and District economic development plans. § 303.9 Requirements for short-term Planning Investments. (a) In addition to providing support for CEDS and State plans, EDA also may provide Investment Assistance to support short-term planning activities. EDA may provide such Investment Assistance to: (1) Develop the economic development planning capacity of States, cities and other Eligible Applicants experiencing economic distress; (2) Assist in institutional capacity building; or (3) Undertake innovative approaches to economic development. (b) Eligible activities may include updating a portion of a CEDS, economic analysis, development of economic development policies and procedures, and development of economic development goals. (c) Applicants for short-term Planning Investments must provide performance measures acceptable to EDA that can be used to evaluate the success of the program and provide EDA with progress reports during the term of the Planning Investment, as set forth in the Investment agreement. [71 FR 56675, Sept. 27, 2006, as amended at 79 FR 76130, Dec. 19, 2014]