{"data":{"id":"us/13-cfr-305.1","jurisdiction":"us","citation":"13 CFR 305.1","heading":"Purpose and scope.","body":"Public Works and Economic Development Investments (“Public Works Investments”) intend to help the nation's most distressed communities revitalize, expand, and upgrade their physical infrastructure (as defined in § 301.11 of this chapter) to attract new industry, encourage business expansion, diversify local economies, and generate or retain long-term private sector jobs and investments. The primary goal of these Investments is to create new or retain existing, long-term private sector job opportunities in communities experiencing significant economic distress as evidenced by chronic high unemployment, underemployment, low per capita income, outmigration, or a Special Need. These Investments also intend to assist communities in attracting private capital investment and new and better job opportunities and to promote the successful long-term economic recovery of a Region.","path":["Title 13—Business Credit and Assistance","CHAPTER III—ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE","PART 305—PUBLIC WORKS AND ECONOMIC DEVELOPMENT INVESTMENTS","Subpart A—General"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-13.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:18Z","sha256":"55f6457c2848f62d88e761e6813c8bad300230da85d2c393767e5df72887d4ec","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-304.4","next":"us/13-cfr-305.2"},"notice":"GroundRules: Original legal text. Not legal advice."}