Economic Development: The Distribution of Federal Economic Development Grants to Communities with High Rates of Poverty and Unemployment

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By Stanley J. Czerwinski (au)
Year: 2012
Pages: 35
Binding Paperback
ISBN 978-1-4578-3941-2

Product Code: 1457839415

Description

For decades the nation has faced the challenge of revitalizing its most economically distressed communities, which suffer from high levels of poverty and joblessness. To help poor communities, Congress appropriated $6.2 billion in FY 2010 for community and economic development programs, largely in the form of grants, loan guarantees, and direct loans. In 2011, GAO identified 80 programs that make funding available to communities to enhance local economic activity. This report, based on a briefing to Congress, describes the distribution of federal community and economic development grant funding for (1) cities with high rates of poverty and unemployment and how that compares with the distribution of economic development funding to cities in general; and (2) nonmetropolitan counties with high rates of poverty and unemployment and how that compares to the distribution to counties in general. Figures and tables. This is a print on demand report.

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