EDA Releases Final Rule on Regulation Changes to Economic Development Assistance Programs; Includes Recommendations from NADO Members

Posted on: December 19th, 2014 by NADO Admin

Earlier today, the U.S. Economic Development Administration (http://www NULL.eda NULL.gov/) (EDA) released a series of final rules and regulations (http://www NULL.gpo NULL.gov/fdsys/pkg/FR-2014-12-19/pdf/2014-28806 NULL.pdf) that will amend the Public Works and Economic Development Act of 1965 (P.L. 89-136).  The final rule includes comprehensive changes that reflect EDA’s current practices and policies in administering its portfolio of economic development assistance programs.  Additionally, the rule incorporates changes to the Comprehensive Economic Development Strategies (CEDS).  EDA received feedback of key stakeholders such as NADO and its members in developing the Content Guidelines, which will be released shortly after publication of this Final Rule.  This rule goes into effective on January 20, 2015.  Click here (http://www NULL.gpo NULL.gov/fdsys/pkg/FR-2014-12-19/pdf/2014-28806 NULL.pdf) to view the final rule.  Click here (http://www NULL.eda NULL.gov/pdf/about/EDA-Final-Rule-Regs-Summary NULL.pdf) to view a summary.  NADO staff will continue to provide further information and analysis on these regulation changes as they become available.

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