,,ii #aae? ,,congress #a/ ,session ,s4 #adb ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,janu>y #ab1 #bjag,mr4 ,casey 7= himself & ,ms4 ,klobu*>7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to exp& c]ta9 emp[]m5t zone provisions to communities receiv+ a ,work] ,adju/m5t & ,retra9+ ,notification ,act notice1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,community ,economic ,assi/ance ,act ( #bjag4 #b4 ,ext5sion ( emp[]m5t zone provisions to c]ta9 communities 7a7 ,9 g5]al ,*apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ aft] sub*apt] ,u ! foll[+ new sub*apt]3 ,u-#a ,community economic assi/ance zones ,sec4 #acig;,g4 ,designation ( community economic assi/ance zones4,sec4 #acig;,h4 ,inc5tives = community economic assi/ance zones4 #acig;,g4 ,designation ( community economic assi/ance zones 7a7 ,9 g5]al ,= purposes ( ?is title1 ! t]m community economic assi/ance zone means any area-- 7#a7 :i* is nom9at$ by ! gov]nor or gov]nors ( ! ,/ate or ,/ates 9 :i* x is locat$ = designation z a community economic assi/ance zone 7h]eaft] 9 ?is section ref]r$ to z a nom9at$ area1 & 7#b7 :i* ! ,secret>y designates z a community economic assi/ance zone1 aft] consultation )-- 7,a7 ! ,secret>y ( ,labor1 & 7,b7 9 ! case ( an area on an ,indian res]vation1 ! ,secret>y ( ! ,int]ior4 7b7 ,designation bas$ on loss ( employm5t1 etc 7#a7 ,9 g5]al ,except z o!rwise provid$ 9 ?is section1 a nom9at$ area designat$ z a community economic assi/ance zone "u ?is subsection %all be-- 7,a7 a nom9at$ area-- 7i7 :]e-- 7,i7 a facility is locat$ ) respect to :i* a notice 0 issu$ aft] ,decemb] #ca1 #bjad1 "u section #c ( ! ,work] ,adju/m5t & ,retra9+ ,notification ,act 7#bi ,u4,s4,c4 #bajb7 ) respect to #bej or m employees1 or 7,,ii7 :]e #ajj or m employees ) respect to :i* su* a notice 0 issu$ reside1 7ii7 :]e ! numb] ( employees-- 7,i7 ) respect to :i* ! notice 0 issu$ 79 ! case ( an area describ$ 9 clause 7i77,i771 or 7,,ii7 ! numb] ( employees :o are describ$ 9 clause 7i77,,ii7 79 any o!r case71 is equal to or great] ?an #j4e p]c5t ( ! employ$ population ( ! metropolitan /ati/ical area 7z det]m9$ by ! ,secret>y71 & 7iii7 :]e a loss ( employm5t satisfy+ ! requirem5ts applicable to su* notice "u clauses 7i7 & 7ii7 actually occurs1 7,b7 a nom9at$ area :i* ! ,secret>y1 9 consultation ) ! ,secret>ies ( ,labor & ,comm]ce1 det]m9es has be5 or w be s]i\sly impact$ by *anges 9 trade ?r\gh loss ( employm5t 7directly or indirectly71 tak+ into acc\nt ! numb] ( individuals c]tifi$ z eligible to apply = trade adju/m5t assi/ance "u *apt] #b ( title ,,ii ( ! ,trade ,act ( #aigd or :o are receiv+ b5efits "u su* *apt]1 or 7,c7 a nom9at$ area :i* satisfies n less ?an two ( ! conditions describ$ 9 p>agraph 7#b74 7#b7 ,conditions describ$ ,! conditions describ$ 9 ?is subp>agraph are ! foll[+3 7,a7 ,! area is designat$ by ! gov]nor ( ! ,/ate z an en]gy-transition+ community4 7,b7 ,! area1 at ! "t ( nom9ation-- 7i7 has a composite index value1 z det]m9$ by ! ,appala*ian ,regional ,commission1 among ! l[e/ #aj p]c5t ( c\nties 9 ! ,/ate1 7ii7 is a l[-income community 7z def9$ 9 section #de;,d7e771 or 7iii7 has an unemploym5t rate :i* is #h p]c5t or great]1 or :i* is #f4e p]c5t or great] & is equal to or great] ?an #abe p]c5t ( ! av]age unemploym5t rate ( ! ,/ate4 7,c7 ,tax rev5ues collect$ 9 ! area decreas$1 n due to any *anges 9 tax law or policy1 by at lea/-- 7i7 #g p]c5t z comp>$ to ! prec$+ ye>1 or 7ii7 an av]age ( #aj p]c5t ov] ! prec$+ #c ye>s4 7,d7 ,! numb] ( bus9ess e/abli%m5ts 9 ! area decreas$ significantly dur+ ! prec$+ ye> or on av]age dur+ ! prec$+ #c ye>s1 z det]m9$ by ! ,secret>y4 7,e7 ,! area is among ! #aj p]c5t ( c\nties nationally :i* h exp]i5c$ ! l>ge/ increases 9 unemploym5t & ! l>ge/ decreases 9 manufactur+ ov] ! prec$+ #c ye>s1 z det]m9$ by ! ,secret>y4 7#c7 ,en]gy-transition+ communities ,= purposes ( p>agraph 7#b77;,a7-- 7,a7 ,9 g5]al ,! t]m en]gy-transition+ communities means ^? nom9at$ areas :]e ! ,secret>y ( ,labor1 9 consultation ) ! ,secret>y ( ,en]gy1 det]m9es !re is a high conc5tration ( jobs 9 indu/ries or at facilities directly affect$ by an en]gy s\rce transition4 7,b7 ,en]gy s\rce transition ,= purposes ( subp>agraph 7,a71 ! t]m en]gy s\rce transition means-- 7i7 a situation 9 :i* ! occurr5ce ( a %ift f ! use ( a type ( fossil fuel to use ( o!r s\rces ( en]gy is foll[$ by ! clos+ ( a facility1 or lay(f ( employees at a facility1 t m9es1 extracts1 produces1 processes1 or utilizes fossil fuels to g5]ate electricity1 & 7ii7 ano!r situation z det]m9$ by ! ,secret>y ( ,labor1 9 consultation ) ! ,secret>y ( ,en]gy1 :i* is indicative ( new dem&s or burd5s on affect$ employees or employees 9 affect$ indu/ries due to a significant *ange 9 ! s\rce ( en]gy us$ by ! facility or indu/ry involv$4 7#d7 ,eligibility crit]ia ,a nom9at$ area %all be eligible = designation "u ?is subsection only if x meets ! requirem5ts ( section #acib7;a77#a7 & subp>agraphs 7,a71 7,b71 & 7,c7 ( section #acib7;a77#c74 7c7 ,p]iod = :i* designation is 9 effect ,any designation ( an area z a community economic assi/ance zone %all rema9 9 effect dur+ ! p]iod beg9n+ on ,janu>y #a1 #bjag1 & end+ on ! date t is #e ye>s aft] ! late/ designation ( su* area z a community economic assi/ance zone4 7d7 ,limitation relat+ to ,/ate population ,an area %all n be designat$ z a community economic assi/ance zone "u subsection 7b7 if su* designation w\ld result 9 m ?an #aj p]c5t ( ! population ( ! ,/ate resid+ 9 su* a zone 7det]m9$ by aggregat+ all su* zones )9 ! ,/ate74 7e7 ,coord9ation ) treatm5t ( r5ewal communities1 emp[]m5t zones1 & ent]prise communities ,= purposes ( ?is title1 ! designation "u any o!r provision ( ?is title ( any area z a r5ewal community1 emp[]m5t zone1 or ent]prise community %all cease to be 9 effect z ( ! date t ! designation ( any portion ( su* area z a community economic assi/ance zone takes effect4 #acig;,h4 ,inc5tives = community economic assi/ance zones 7a7 ,employm5t cr$it 7#a7 ,9 g5]al ,section #acif %all be appli$-- 7,a7 by treat+ any ref]5ce to an emp[]m5t zone z a ref]5ce to a community economic assi/ance zone1 7,b7 by treat+ any ref]5ce to an employ] z a ref]5ce to a qualifi$ employ]1 & 7,c7 )\t respect to subsection 7d77#a77;,b7 !re(4 7#b7 ,qualifi$ zone employ] ,= purposes ( p>agraph 7#a71 ) respect to a taxable ye>1 ! t]m qualifi$ employ] means any employ] o!r ?an an except$ taxpay] describ$ 9 subsection 7g74 7b7 ,increase 9 exp5s+ "u section #agi 7#a7 ,9 g5]al ,section #acig;,a %all be appli$-- 7,a7 by treat+ any ref]5ce to an emp[]m5t zone z a ref]5ce to a community economic assi/ance zone1 7,b7 by treat+ any ref]5ce to an ent]prise zone bus9ess z a ref]5ce to a community economic assi/ance zone bus9ess1 7,c7 by treat+ any ref]5ce to qualifi$ zone prop]ty z a ref]5ce to qualifi$ community economic assi/ance zone prop]ty1 & 7,d7 by sub/itut+ #bj p]c5t ( su* limitation = #ce1jjj 9 subsection 7a77#a77;,a7 !re(4 7#b7 ,community economic assi/ance zone bus9ess ,= purposes ( ?is subsection1 ! t]m community economic assi/ance zone bus9ess means-- 7,a7 any bus9ess entity1 & 7,b7 any proprietor%ip1 o!r ?an an except$ taxpay] describ$ 9 subsection 7g71 :i* w\ld be a qualifi$ bus9ess entity 7z def9$ 9 section #acig;,c7b77 or a qualifi$ proprietor%ip 7z def9$ 9 section #acig;,c7c77 if section #acig;,c 7 appli$ by sub/itut+ community economic assi/ance zone = emp[]m5t zone ea* place x appe>s4 7c7 ,nonrecognition ( ga9 on rollov] ( community economic assi/ance zone inve/m5ts 7#a7 ,9 g5]al ,9 ! case ( any sale ( a qualifi$ community economic assi/ance zone asset held by ! taxpay] = m ?an #a ye> & ) respect to :i* su* taxpay] elects ! application ( ?is subsection1 ga9 f su* sale %all be recogniz$ only to ! ext5t t ! am\nt realiz$ on su* sale exce$s-- 7,a7 ! co/ ( any qualifi$ community economic assi/ance zone asset 7) respect to ! same zone z ! asset sold7 pur*as$ by ! taxpay] dur+ ! #fj-;day p]iod beg9n+ on ! date ( su* sale1 r$uc$ by 7,b7 any portion ( su* co/ previ\sly tak5 into acc\nt "u ?is subsection4 7#b7 ,def9itions & special rules ,= purposes ( ?is subsection-- 7,a7 ,qualifi$ community economic assi/ance zone asset ,! t]m qualifi$ community economic assi/ance zone asset means any prop]ty :i* w\ld be a qualifi$ community asset 7z def9$ 9 section #adjj;,f7b77 if 9 section #adjj;,f7b7-- 7i7 aft] ,decemb] #ca1 #bjaf 7 sub/itut$ = aft] ,decemb] #ca1 #bjja1 & be=e ,janu>y #a1 #bjaj ea* place x appe>s1 7ii7 aft] ,decemb] #ca1 #bjaf 7 sub/itut$ = be=e ,janu>y #a1 #bjaj 9 p>agraph 7#d77;,b77i7 !re(1 7iii7 ref]5ces to community economic assi/ance zone bus9esses 7z def9$ 9 subsection 7b77#b7 ( ?is section7 7 sub/itut$ = ref]5ces to r5ewal community bus9esses1 & 7iv7 ref]5ces to community economic assi/ance zones 7 sub/itut$ = ref]5ces to r5ewal communities4 7,b7 ,o!r rules ,! rules ( p>agraphs 7#b71 7#c71 7#d71 & 7#e7 ( section #acig;,b7b7 %all apply-- 7i7 by treat+ any ref]5ce to an ent]prise zone bus9ess z a ref]5ce to a community economic assi/ance zone bus9ess 7z def9$ 9 subsection 7b77#b771 7ii7 by treat+ any ref]5ce to a qualifi$ emp[]m5t zone asset z a ref]5ce to a qualifi$ community economic assi/ance zone asset1 & 7iii7 by treat+ any ref]5ce to subsection 7a7 ( section #acig;,b z a ref]5ce to p>agraph 7#a7 ( ?is subsection4 7#c7 ,except$ taxpay]s ,p>agraph 7#a7 %all n apply 9 ! case ( an except$ taxpay] describ$ 9 subsection 7g74 7d7 #c-,ye> c>ryback ( net op]at+ losses 7#a7 ,9 g5]al ,if a portion ( any net op]at+ loss ( a taxpay] = any taxable ye> is a qualifi$ community economic assi/ance zone loss1 section #agb7;b77#a7 %all be appli$ ) respect to su* portion-- 7,a7 by sub/itut+ #c taxable ye>s = #b taxable ye>s 9 subp>agraph 7,a77i71 & 7,b7 by n tak+ su* portion into acc\nt 9 det]m9+ any eligible loss ( ! taxpay] "u subp>agraph 7,e7 !re( = ! taxable ye>4 7#b7 ,qualifi$ community economic assi/ance zone loss ,= purposes ( p>agraph 7#a71 ! t]m qualifi$ community economic assi/ance zone loss means ! portion ( ! net op]at+ loss 7z def9$ 9 section #agb7;c77 = ! taxable ye> :i* is attributable to d$uctions aris+ f-- 7,a7 losses 9 a community economic assi/ance zone1 7,b7 exp5ses paid or incurr$ )9 a community economic assi/ance zone1 & 7,c7 exp5ses paid or incurr$ ) respect to prop]ty plac$ 9 s]vice 9 a community economic assi/ance zone1 dur+ ei!r ! taxable ye> 9 :i* ! designation ( su* zone goes into effect "u section #acig;,g or ! imm$iately succe$+ taxable ye>1 :i*ev] is elect$ by ! taxpay]4 7#c7 ,except$ taxpay]s ,p>agraph 7#a7 %all n apply 9 ! case ( an except$ taxpay] describ$ 9 subsection 7g74 7e7 ,cr$it to hold]s ( community economic support bonds 7#a7 ,9 g5]al ,) respect to a taxpay] hold+ a community economic support bond1 su* bond %all be treat$ 9 ! same mann] z a ,gulf tax cr$it bond "u section #adjj,n7l71 appli$-- 7,a7 by sub/itut+ community economic support bond = ,gulf tax cr$it bond ea* place x appe>s 9 p>agraphs 7#a71 7#b71 7#c71 & 7#g7 !re(1 & 7,b7 )\t reg>d to p>agraphs 7#d7 & 7#e7 !re(4 7#b7 ,community economic support bond ,= purposes ( ?is subsection-- 7,a7 ,9 g5]al ,! t]m community economic support bond means any bond issu$ z "p ( an issue if-- 7i7 ! bond is issu$ by a ,/ate 9 :i* a community economic assi/ance area 7z def9$ 9 section #de;,d7f77#c77;,b77 is locat$1 7ii7 #ie p]c5t or m ( ! proce$s ( su* issue are to be us$ 9 accordance ) ! priorities outl9$ 9 ! community economic developm5t plan approv$ "u section #f ( ! ,community ,economic ,assi/ance ,act ( #bjag to implem5t ! /rategies & objectives "u su* plan describ$ 9 section #f7c7 ( su* ,act1 7iii7 ! ,gov]nor ( su* ,/ate designates su* bond = purposes ( ?is subsection1 7iv7 ! bond is a g5]al obligation ( su* ,/ate & is 9 regi/]$ =m 7)9 ! mean+ ( section #adi7;a771 7v7 ! maturity ( su* bond does n exce$ #ae ye>s1 & 7vi7 ! bond is issu$ aft] ! designation ( su* zone goes into effect "u section #acig;,g1 & be=e su* designation ends "u section #acig;,g7c74 7,b7 ,aggregate limit on bond designations ,! maximum aggregate face am\nt ( bonds :i* may be designat$ "u ?is subsection by ! ,gov]nor ( a ,/ate %all n exce$ #ajj1jjj1jjj p] community economic assi/ance area locat$ 9 ! ,/ate4 7,c7 ,special rules relat+ to arbitrage ,a bond :i* is "p ( an issue %all n be treat$ z a community economic support bond unless1 ) respect to ! issue ( :i* ! bond is a "p1 ! issu] satisfies ! arbitrage requirem5ts ( section #adh ) respect to proce$s ( ! issue & any loans made ) su* proce$s4 7#c7 ,except$ taxpay]s ,p>agraph 7#a7 %all n apply 9 ! case ( an except$ taxpay] describ$ 9 subsection 7g74 7f7 ,qualifi$ community economic assi/ance zone prop]ty ,= purposes ( ?is section1 ! t]m qualifi$ community economic assi/ance zone prop]ty means any prop]ty :i* w\ld be qualifi$ zone prop]ty = purposes ( section #acig;,d if su* section 7 appli$ by sub/itut+ community economic assi/ance zone = emp[]m5t zone ea* place x appe>s4 7g7 ,taxpay]s except$ ,) respect to any community economic assi/ance zone1 an except$ taxpay] describ$ 9 ?is subsection is-- 7#a7 an entity t op]ates a facility 9 su* zone ) respect to :i* a notice "u section #c ( ! ,work] ,adju/m5t & ,retra9+ ,notification ,act 7#bi ,u4,s4,c4 #bajb7 0 issu$1 if su* notice caus$ ! region to be designat$ z su* a zone1 & 7#b7 any entity t w\ld be treat$ z a s+le employ] ) su* an entity "u ! rules ( subsection 7a7 or 7b7 ( section #eb or subsection 7m7 or 7o7 ( section #dad4 4 7b7 ,cl]ical am5dm5t ,! table ( sub*apt]s = *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ aft] ! item relat+ to sub*apt] ,u ! foll[+ new item3 ,,sub*apt] ,u-#a--;,community economic assi/ance zones 4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjaf4 #c4 #ae-ye> depreciation = c]ta9 rebuilt & retr(itt$ community economic assi/ance zone prop]ty 7a7 ,9 g5]al ,subp>agraph 7,e7 ( section #afh7;e77#c7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7#a7 by /rik+ & at ! end ( clause 7viii71 7#b7 by /rik+ ! p]iod at ! end ( clause 7ix7 & ins]t+ 1 &1 & 7#c7 by add+ at ! end ! foll[+ new clause3 7x7 any qualifi$ rebuilt or retr(itt$ community economic assi/ance zone prop]ty4 4 7b7 ,qualifi$ rebuilt or retr(itt$ community economic assi/ance zone prop]ty ,subsection 7e7 ( section #afh ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#i7 ,qualifi$ rebuilt or retr(itt$ community economic assi/ance zone prop]ty 7,a7 ,9 g5]al ,! t]m qualifi$ rebuilt or retr(itt$ community economic assi/ance zone prop]ty means prop]ty plac$ 9 s]vice 9 a community economic assi/ance zone by a qualifi$ taxpay] dur+ ! p]iod ! designation ( su* zone is 9 effect "u section #acig;,g :i* relates to ! rebuild+ or retr(itt+ (-- 7i7 any qualifi$ community economic assi/ance zone prop]ty 7z def9$ 9 section #acig;,h7f771 & 7ii7 any resid5tial real prop]ty locat$ 9 a community economic assi/ance zone :i* is acquir$ by ! taxpay] by pur*ase 7z def9$ 9 section #agi7;d77#b77 dur+ su* p]iod1 if su* prop]ty 0 unoccupi$ & _h be5 deem$ condemn$1 neglect$1 or d]elict z ( ! "t ( acquisition by ! taxpay]4 7,b7 ,qualifi$ taxpay] ,= purposes ( ?is p>agraph1 ! t]m qualifi$ taxpay] means a taxpay] o!r ?an an except$ taxpay] 7)9 ! mean+ ( section #acig;,h7g774 4 #d4 ,increase 9 />t-up exp5ditures = community economic assi/ance zone bus9esses ,p>agraph 7#c7 ( section #aie7;b7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ to read z foll[s3 7#c7 ,special rule = community economic assi/ance zone bus9esses ,9 ! case ( any />t-up exp5ditures made )9 a community economic assi/ance zone dur+ ! p]iod ! designation ( su* zone is 9 effect "u section #acig;,g-- 7,a7 su* exp5ditures %all be treat$ sep>ately f o!r />t-up exp5ditures ( ! taxpay] = ! taxable ye>1 & 7,b7 9 det]m9+ ! d$uction "u p>agraph 7#a7 ) respect to su* exp5ditures )9 su* zone1 p>agraph 7#a77;,a77ii7 %all be appli$-- 7i7 by sub/itut+ #cj1jjj = #e1jjj1 & 7ii7 by sub/itut+ #abj1jjj = #ej1jjj4 4 #e4 ,increase 9 new m>kets tax cr$it designation = community economic assi/ance zones ,subsection 7f7 ( section #de;,d ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7#a7 by /rik+ ,! limitation 9 p>agraph 7#b7 & ins]t+ ,except z provid$ 9 p>agraph 7#c71 ! limitation1 7#b7 by r$esignat+ p>agraph 7#c7 z p>agraph 7#d71 7#c7 by ins]t+ aft] p>agraph 7#b7 ! foll[+ new p>agraph3 7#c7 ,allocation ( limitation = cal5d> ye>s aft] #bjaf 7,a7 ,9 g5]al ,9 ! case ( any cal5d> ye> describ$ 9 p>agraph 7#a77;,g7 beg9n+ aft] ,decemb] #ca1 #bjaf1 ! limitation "u p>agraph 7#a7 %all be increas$ by #ejj1jjj1jjj1 & su* increase %all be allocat$ z provid$ 9 p>agraph 7#b7 among qualifi$ community developm5t entities locat$ 9 community economic assi/ance areas4 7,b7 ,community economic assi/ance area ,= purposes ( subp>agraph 7,a71 ! t]m community economic assi/ance area means an area :i*-- 7i7 is a community economic assi/ance zone1 & 7ii7 has a community economic developm5t plan approv$ "u section #f ( ! ,community ,economic ,assi/ance ,act ( #bjag4 7,c7 ,use ( increase ,any am\nt ( su* increase :i* is s allocat$ to su* an entity %all be us$ only 9 accordance ) ! priorities outl9$ 9 su* community economic developm5t plan to implem5t ! /rategies & objectives "u su* plan describ$ 9 section #f7c7 ( ,community ,economic ,assi/ance ,act ( #bjag4 1 7#d7 by /rik+ p>agraph 7#b7 9 p>agraph 7#d71 z s r$esignat$1 & ins]t+ p>agraph 7#b7 or 7#c71 & 7#e7 by /rik+ ! second s5t5ce ( p>agraph 7#d71 z s r$esignat$1 & ins]t+ ! foll[+3 ,any c>ryov] "u ! prec$+ s5t5ce ( an am\nt allocat$ "u p>agraph 7#c7 %all be allocat$ fir/ among qualifi$ community developm5t entities locat$ 9 community economic assi/ance areas1 & may !n be allocat$ among any qualifi$ community developm5t entities select$ by ! ,secret>y "u p>agraph 7#b74 ,no am\nt may be c>ri$ "u ! prec$+ s5t5ces to any cal5d> ye> aft] #bjbd44 #f4 ,approval ( community economic developm5t plans ,a community economic developm5t plan = a region %all be consid]$ approv$ "u ?is section if ea* ( ! foll[+ crit]ia are satisfi$3 7#a7 ,! plan is submitt$ to ! ,secret>y ( ! ,treasury 9 su* =m1 & conta9+ su* in=mation1 z ! ,secret>y may require4 7#b7 ,! plan conta9s a c]tification t ! plan 0 develop$ & approv$ ?r\gh a process t includ$ p>ticipation f ! foll[+3 7,a7 ,/ate1 ,indian tribal1 & local gov]nm5ts & ag5cies or in/rum5talities ( ,/ate1 ,indian tribal1 & local gov]nm5ts4 7,b7 ,/ate plann+ bo>ds1 work=ce inve/m5t bo>ds1 *amb]s ( comm]ce1 & economic developm5t organizations1 if relevant4 7,c7 ,local bus9esses4 7,d7 ,labor & heal? organizations4 7,e7 ,public s*ool sy/ems & in/itutions ( high] education 7z def9$ 9 section #aja ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajja774 7,f7 ,religi\s & o!r community-bas$ gr\ps 9 ! region1 includ+ ^? t provide assi/ance to ! work]s ( ! region & ! families ( ! work]s4 7,g7 ,o!r public community in/itutions1 su* z libr>y & p>k sy/ems4 7,h7 ,memb]s ( ! public1 includ+ unemploy$ or soon to be unemploy$ work]s4 7#c7 ,! ,secret>y det]m9es t ! plan-- 7,a7 asc]ta9s ! sev]ity ( an anticipat$ or exi/+ economic dislocation ( ! region1 includ+ consid]ation ( measures ( unemploym5t rates & employm5t opportunities2 7,b7 assesses ! capacity ( ! region to respond to su* economic dislocation & ! ne$s ( ! region1 z ! region und]takes economic advancem5t or adju/m5t1 includ+ ) respect to-- 7i7 ! div]sity ( indu/ries 9 ! region2 7ii7 ! skills ( ! labor =ce 9 ! region2 7iii7 ! condition ( ! labor m>ket ( ! region2 7iv7 ! availability ( f9ancial res\rces 9 ! region2 7v7 ! quality & availability ( educational facilities1 includ+ #b-ye> in/itutions ( high] education & vocational in/itutions1 t s]ve ! region2 & 7vi7 ! infra/ructure ( ! region2 7,c7 includes a plan to use a local work=ce &1 :5 necess>y1 to tra9 a local work=ce2 7,d7 addresses ! ne$ ( ! region to attract inve/m5t1 create jobs1 increase wages1 improve educational opportunities1 & exp& ! availability ( broadb& ,int]net access2 7,e7 lev]ages ! region's economic /r5g?s & outl9es t>get$ inve/m5ts to develop competitive advantages to execute ! objectives outl9$1 includ+ a plan to utilize a local work=ce & rec5tly dislocat$ work]s &1 :5 necess>y1 tra9 a local work=ce2 7,f7 is ! result ( collaboration across a wide range ( /akehold]s2 7,g7 outl9es a /rategy :i* connects ! region to driv]s ( regional economic gr[?2 7,h7 proposes a /rategy = focus+ on increas$ access to high quality1 af=dable1 /able h\s+ & improv$ public safety2 & 7,i7 discusses ! anticipat$ b5efits execution ( ! plan w deliv] = community integration1 safety1 employm5t outcomes1 & home wea!rization & en]gy effici5cy1 & ! expect$ contribution ( ! project to ! inclusion ( individuals ) disabilities4 #g4 ,grants to c>ry out assessm5ts requir$ = developm5t ( community economic developm5t plans 7a7 ,9 g5]al ,! ,secret>y ( ! ,treasury may aw>d a grant to an eligible entity involv$ 9 ! developm5t ( a community economic developm5t plan describ$ 9 section #f to c>ry out su* assessm5ts & o!r activities z may be requir$ = ! plan to meet ! requirem5ts ( section #f7c74 7b7 ,eligible entities ,= purposes ( ?is section1 an eligible entity is a local or ,indian tribal gov]nm5t or an ag5cy or in/rum5tality ( su* a gov]nm5t4 7c7 ,grant am\nt ,! ,secret>y may n aw>d a grant "u ?is section 9 excess ( #a1jjj1jjj4 7d7 ,mat*+ requirem5t 7#a7 ,9 g5]al ,an eligible entity receiv+ a grant "u ?is section %all provide non-,f$]al mat*+ funds equal to n less ?an #bj p]c5t ( ! am\nt ( ! grant4 7#b7 ,9-k9d support ,mat*+ funds may include 9-k9d support4 #h4 ,f$]al economic support team 7a7 ,deploym5t requir$ ,! ,secret>y ( ,comm]ce %all deploy a t>get$ inve/m5t g5]at+ economic recov]y team to a region to provide support & assi/ance to su* region if-- 7#a7 ! ,gov]nor ( ! ,/ate reque/s su* deploym5t2 & 7#b7 ! ,secret>y ( ,comm]ce det]m9es t ! region is exp]i5c+ an actual or ?reat5$ abrupt rise ( unemploym5t or economic h>d%ip due to ! clos+ or curtailm5t ( a major s\rce ( employm5t1 significant indu/ry transition1 or o!r mitigat+ economic factors1 includ+ int]national trade4 7b7 ,support & assi/ance 7#a7 ,developm5t ( economic recov]y & employm5t plan ,9 provid+ support & assi/ance to a region "u subsection 7a71 a t>get$ inve/m5t g5]at+ economic recov]y team %all "w 9 coord9ation ) a ,/ate or regional economic developm5t & work=ce ag5cy & ! ,rapid ,response team ( ! ,dep>tm5t ( ,labor to assi/ 9 ! developm5t ( an economic recov]y & employm5t plan = ! region1 includ+ by id5tify+ grants1 s\rces ( ,/ate & ,f$]al fund+1 & unemploym5t insurance res\rces 7includ+ %ort-"t comp5sation7 :i* may be b5eficially utiliz$ 9 ! region4 7#b7 ,cases ( facilities %utd[n ,9 addition to ! support & assi/ance provid$ "u p>agraph 7#a71 9 a case 9 :i* ! actual or ?reat5$ abrupt rise ( unemploym5t or economic h>d%ip 9 ! region involves ! %utd[n ( a facility ( a bus9ess unit1 ! team %all "w 9 coord9ation ) ! ,adm9i/rator ( ! ,small ,bus9ess ,adm9i/ration to assess ! feasibility & advisability ( an employee pur*ase ( su* bus9ess unit4 7#c7 ,coord9ation ,9 addition to ! support & assi/ance provid$ by a team "u p>agraph 7#a7 to a region1 ! team1 9 coord9ation ) ! ,secret>y ( ,labor1 %all-- 7,a7 coord9ate ! activities ( all ,f$]al ag5cies relat+ to ! provision ( assi/ance to ! region 9 response to ! actual or ?reat5$ abrupt rise ( unemploym5t or economic h>d%ip ref]r$ to 9 subsection 7a77#b72 & 7,b7 act z a liaison betwe5 ! region & all ,f$]al ag5cies provid+ assi/ance 9 response to su* actual or ?reat5$ abrupt rise ( unemploym5t or economic h>d%ip1 includ+1 z ! case may be1 ! foll[+3 7i7 ,! ,dep>tm5t ( ,agriculture4 7ii7 ,! ,dep>tm5t ( ,comm]ce4 7iii7 ,! ,dep>tm5t ( ,def5se4 7iv7 ,! ,dep>tm5t ( ,education4 7v7 ,! ,dep>tm5t ( ,en]gy4 7vi7 ,! ,dep>tm5t ( ,heal? & ,human ,s]vices4 7vii7 ,! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t4 7viii7 ,! ,dep>tm5t ( ,labor4 7ix7 ,! ,dep>tm5t ( ,transportation4 7x7 ,! ,dep>tm5t ( ! ,treasury4 7xi7 ,! ,national ,economic ,c\ncil4 7xii7 ,! ,small ,bus9ess ,adm9i/ration4 7xiii7 ,! ,dep>tm5t ( ,vet]ans ,affairs4