§ 2009bb-2. Economic and community development grants
(a)
In general
The Authority may approve grants to States, Indian tribes, local governments, and public and nonprofit organizations for projects, approved in accordance with section
2009bb–8 of this title—
(1)
to assist the region in obtaining the job training, employment-related education, and business development (with an emphasis on entrepreneurship) that are needed to build and maintain strong local economies;
(2)
to develop the transportation, renewable energy transmission, and telecommunication infrastructure of the region for the purpose of facilitating economic development in the region (except that grants for this purpose may be made only to States, Indian tribes, local governments, and nonprofit organizations);
(3)
to provide assistance to severely distressed and underdeveloped areas that lack financial resources for improving basic public services;
(b)
Funding
(2)
Priority of funding
To best build the foundations for long-term economic development and to complement other Federal, State, and tribal resources in the region, Federal funds available under this subchapter shall be focused on the following activities: