Section 307.3 - Use of Economic Adjustment Assistance InvestmentsEconomic Adjustment Assistance Investments may be used to develop a CEDS to alleviate long-term economic deterioration or a sudden and severe economic dislocation (a "Strategy Grant"), or to fund a Project implementing such a CEDS (an "Implementation Grant").
(a) Strategy Grants support developing, updating or refining a CEDS.(b) Implementation Grants support the execution of activities identified in a CEDS. Specific activities may be funded as separate Investments or as multiple elements of a single Investment. Examples of Implementation Grant activities include:(1) Infrastructure (as defined in § 301.11 of this chapter) improvements, such as site acquisition, site preparation, construction, rehabilitation and equipping of facilities;(2) Provision of business or infrastructure financing through the capitalization of Recipient-administered Revolving Loan Funds ("RLFs"), which may include loans and interest rate buy-downs to facilitate business lending activities;(3) Market or industry research and analysis;(4) Technical assistance, including organizational development such as business networking, restructuring or improving the delivery of business services, or feasibility studies;(7) Other activities justified by the CEDS that satisfy applicable statutory and regulatory requirements. 71 FR 56675 , Sept. 27, 2006, as amended at 79 FR 76132 , Dec. 19, 2014