TITLE VI—MISCELLANEOUS 
Sec. 601. Annual report to Congress. 
Sec. 602. Maintenance of effort. 
TITLE VII—FUNDING 
Sec. 701. General authorization of appropriations. 
Sec. 702. Funding for grants for planning and grants for administrative ex-
penses. 
Sec. 703. Funding for financial assistance for business incubators and science 
and research parks. 
Sec. 704. Funding for sustainable economic development demonstration program. 
Sec. 705. Funding for grants for training, research, and technical assistance. 
SEC. 2. AMENDMENTS TO PUBLIC WORKS AND ECONOMIC 
DEVELOPMENT ACT OF 1965. 
Except as otherwise expressly provided, whenever in 
this Act an amendment or repeal is expressed in terms of 
an amendment to, or a repeal of, a section or other provi-
sion, the reference shall be considered to be made to a section 
or other provision of the Public Works and Economic Devel-
opment Act of 1965 (42 U.S.C. 3121 et seq.). 
SEC. 3. FINDINGS AND DECLARATIONS. 
(a) FINDINGS.—Section 2(a) (42 U.S.C. 3121(a)) is 
amended to read as follows: 
‘‘(a) FINDINGS.—Congress finds that— 
‘‘(1) sustainable economic growth in the 21st 
century depends upon economic development strate-
gies that include investment in essential infrastruc-
ture that fosters innovation, entrepreneurship, and 
competition in the global marketplace; 
‘‘(2) there continue to be areas of the United 
States experiencing chronic high unemployment, 
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underemployment, outmigration, and low per capita 
income, as well as areas facing sudden and severe eco-
nomic dislocations due to structural economic 
changes, increasing international competition, certain 
Federal actions (including defense-related facility clo-
sures and realignment and actions required to coun-
teract the depletion of natural resources), and natural 
disasters; 
‘‘(3) the goal of Federal economic development 
programs is to raise the standard of living for all 
citizens and increase the wealth and overall rate of 
growth of the economy by encouraging regions and 
communities to develop a more competitive and diver-
sified economic base, including by— 
‘‘(A) expanding economic opportunities, in-
creasing international competitiveness, and cre-
ating a climate supportive of job creation and 
business development; 
‘‘(B) creating an environment that promotes 
public infrastructure investments that maximize 
sustainable development practices; 
‘‘(C) promoting private sector job creation 
through increased innovation, productivity, and 
entrepreneurship; and 
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‘‘(D) empowering local and regional com-
munities experiencing chronic high unemploy-
ment, underemployment, outmigration, and low 
per capita income to develop private sector busi-
ness and attract increased domestic and foreign 
private sector capital investment, including 
through the location of information technology, 
agribusiness, alternative energy, manufacturing, 
and bioscience jobs in the United States and the 
relocation of such jobs to the United States; 
‘‘(4) economic growth in the States, including in 
both cities and rural areas, can best be promoted by 
helping communities invest in regional strategies that 
build upon unique competitive advantages and are 
designed to foster innovation and entrepreneurship in 
all segments of the community’s economy; 
‘‘(5) while economic development is an inher-
ently local process, the Federal Government should 
work in partnership with public and private organi-
zations at the State, regional, tribal, and local levels 
to maximize the impact of existing resources and en-
able regions, communities, and citizens to participate 
more fully in the American dream and national pros-
perity; 
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‘‘(6) in order to avoid duplication of effort and 
achieve meaningful, long-lasting results, Federal, 
State, tribal, and local economic development activi-
ties should have a clear focus, improved coordination, 
a comprehensive approach, and simplified and con-
sistent requirements; and 
‘‘(7) Federal economic development efforts will be 
more effective if the efforts are coordinated with, and 
build upon, the trade, workforce investment, higher 
education, transportation, energy, environmental pro-
tection, and technology programs of the United 
States.’’. 
(b) DECLARATIONS.—Section 2(b) (42 U.S.C. 3121(b)) 
is amended to read as follows: 
‘‘(b) DECLARATIONS.—In order to promote a strong 
and growing economy throughout the United States, Con-
gress declares that— 
‘‘(1) assistance under this Act should be made 
available to distressed communities in both rural and 
urban areas; 
‘‘(2) local communities should work in partner-
ship with neighboring communities, economic develop-
ment districts, States, Indian tribes, institutions of 
higher education, national security laboratories, the 
private sector, and the Federal Government to in-
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crease the capacity of those local communities to de-
velop and implement comprehensive economic devel-
opment strategies to alleviate economic distress and 
enhance competitiveness in the global economy, in-
cluding national security laboratories; 
‘‘(3) whether suffering from long-term distress or 
a sudden dislocation, distressed communities should 
be encouraged to take affirmative steps to promote in-
novation and entrepreneurship, including through the 
formation of business incubators, to help create higher 
skill, higher wage jobs and foster the participation of 
those distressed communities in the global market-
place; 
‘‘(4) assistance under this Act should be made 
available to promote sustainable economic develop-
ment practices, to assist communities with the pro-
ductive reuse of abandoned industrial facilities and 
the redevelopment of brownfields, and to leverage sig-
nificant Federal investments in high-speed rail cor-
ridors and other transportation infrastructure; and 
‘‘(5) research assistance under this Act should 
help regions across the United States leverage the eco-
nomic assets of those regions in a comprehensive man-
ner and should enhance the Economic Development 
Administration’s ability to provide an economic de-
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velopment framework to assist distressed communities 
and regions, with particular emphasis on revitalizing 
the manufacturing, agribusiness, and bioscience in-
dustries and the linkages between urban and rural 
communities.’’. 
SEC. 4. DEFINITIONS. 
Section 3(8) (42 U.S.C. 3122(8)) is amended— 
(1) in subparagraph (C) by striking ‘‘and’’ at 
the end; 
(2) in subparagraph (D) by striking the period 
at the end and inserting a semicolon; and 
(3) by adding at the end the following: 
‘‘(E) the Southeast Crescent Regional Com-
mission established under section 15301(a) of 
title 40, United States Code; 
‘‘(F) the Northern Border Regional Com-
mission established under section 15301(a) of 
title 40, United States Code; and 
‘‘(G) the Southwest Border Regional Com-
mission established under section 15301(a) of 
title 40, United States Code.’’. 
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TITLE I—ECONOMIC DEVELOP-
MENT 
PARTNERSHIPS 
CO-
OPERATION AND COORDINA-
TION 
SEC. 101. ESTABLISHMENT OF ECONOMIC DEVELOPMENT 
PARTNERSHIPS. 
(a) TECHNICAL ASSISTANCE.—Section 101(b) (42 
U.S.C. 3131(b)) is amended— 
(1) in the matter preceding paragraph (1) by in-
serting after ‘‘nonprofit organizations’’ the following: 
‘‘, including economic development districts and uni-
versity centers,’’; and 
(2) by striking paragraphs (2) and (3) and in-
serting the following: 
‘‘(2) encourage and support public-private part-
nerships for the formation and improvement of eco-
nomic development strategies, including regional 
strategies, that sustain and promote innovation and 
entrepreneurship that is critical to economic competi-
tiveness throughout the United States; and 
‘‘(3) promote investment in infrastructure, inno-
vation, entrepreneurship, sustainable development, 
and technological capacity (including with respect to 
advanced technologies in all industry sectors) to keep 
pace with the changing global economy.’’. 
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(b) INTERGOVERNMENTAL REVIEW.—Section 101(c) 
(42 U.S.C. 3131(c)) is amended by inserting after ‘‘govern-
ment agencies’’ the following: ‘‘and appropriate economic 
development districts’’. 
SEC. 102. ENCOURAGEMENT OF CERTAIN COORDINATION. 
(a) IN GENERAL.—Title I (42 U.S.C. 3131 et seq.) is 
amended by adding at the end the following: 
‘‘SEC. 104. ENCOURAGEMENT OF CERTAIN COORDINATION. 
‘‘In carrying out this Act, the Secretary is authorized 
and encouraged to consult and cooperate with any Federal, 
State, or local government agency or consortium of govern-
mental organizations that can assist in addressing chal-
lenges and capitalizing on opportunities that require co-
ordination, including the Department of Labor with respect 
to supporting economic and workforce development strate-
gies and promoting regional innovation clusters.’’. 
(b) CLERICAL AMENDMENT.—The table of contents in 
section 1(b) is amended by inserting after the item relating 
to section 103 the following: 
‘‘Sec. 104. Encouragement of certain coordination.’’. 
SEC. 103. COORDINATION WITH RESPECT TO HIGH-SPEED 
RAIL. 
(a) IN GENERAL.—Title I (42 U.S.C. 3131 et seq.), 
as amended by this Act, is further amended by adding at 
the end the following: 
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‘‘SEC. 105. COORDINATION WITH RESPECT TO HIGH-SPEED 
RAIL. 
‘‘The Secretary shall coordinate activities carried out 
under this Act, as appropriate, with the Department of 
Transportation and other relevant Federal agencies, State 
and local governments, economic development districts, In-
dian tribes, and planning and development organizations 
to leverage and maximize the economic development poten-
tial of Federal investments in high-speed rail projects. In 
carrying out this section, the Secretary shall conduct studies 
and disseminate reports, as appropriate, with respect to 
high-speed rail projects.’’. 
(b) CLERICAL AMENDMENT.—The table of contents in 
section 1(b), as amended by this Act, is further amended 
by inserting after the item relating to section 104 the fol-
lowing: 
‘‘Sec. 105. Coordination with respect to high-speed rail.’’. 
TITLE II—GRANTS FOR PUBLIC 
WORKS AND ECONOMIC DE-
VELOPMENT 
SEC. 201. GRANTS FOR PUBLIC WORKS AND ECONOMIC DE-
VELOPMENT. 
Section 201(a)(1) (42 U.S.C. 3141(a)(1)) is amended 
by inserting after ‘‘development facility’’ the following: 
‘‘(including a facility of a business incubator or a science 
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and research park (as such terms are defined in section 
208(a)))’’. 
SEC. 202. GRANTS FOR PLANNING AND GRANTS FOR ADMIN-
ISTRATIVE EXPENSES. 
(a) IN GENERAL.—Section 203(a) (42 U.S.C. 3143(a)) 
is amended by inserting after ‘‘administrative expenses’’ the 
following: ‘‘(including indirect costs determined eligible in 
an applicable Office of Management and Budget circular)’’. 
(b) PLANNING PROCESS.—Section 203(b) (42 U.S.C. 
3143(b)) is amended— 
(1) in paragraph (3) by striking ‘‘and’’ at the 
end; 
(2) in paragraph (4) by striking ‘‘and increase 
incomes.’’ and inserting ‘‘and systemic economic dis-
tress and increase incomes by fostering entrepreneur-
ship and innovation across all regional industry sec-
tors; and’’; and 
(3) by adding at the end the following: 
‘‘(5) fostering regional collaboration.’’. 
(c) STATE PLANS.—Section 203(d)(4) (42 U.S.C. 
3143(d)(4)) is amended— 
(1) in the matter preceding subparagraph (A) by 
inserting after ‘‘public works’’ the following: ‘‘and 
other types of assistance’’; 
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(2) in subparagraph (C) by inserting after ‘‘en-
vironment’’ the following: ‘‘, including through effi-
cient energy production, utilization, and facility de-
velopment’’; 
(3) in subparagraph (E)— 
(A) by inserting after ‘‘use’’ the following: 
‘‘and deployment’’; and 
(B) by striking ‘‘and’’ at the end; 
(4) in subparagraph (F) by striking the period 
at the end and inserting ‘‘; and’’; and 
(5) by adding at the end the following: 
‘‘(G) support sustainable development prac-
tices 
and 
the 
efficient 
coordination 
and 
leveraging of public and private investments.’’. 
SEC. 203. COST SHARING. 
Section 204(c) (42 U.S.C. 3144(c)) is amended— 
(1) in paragraph (2) by inserting after ‘‘State or 
political subdivision’’ the following: ‘‘or that the Sec-
retary determines has been affected by substantial de-
clines in tax revenue’’; and 
(2) in paragraph (3)— 
(A) in the heading by striking ‘‘TRAINING’’ 
and inserting ‘‘PLANNING, TRAINING’’; 
(B) by striking ‘‘section 207’’ and inserting 
‘‘section 203 or 207’’; and 
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(C) by inserting after ‘‘such an increase’’ 
the following: ‘‘or if grant supported activities 
will include regional planning to build on com-
petitive advantages available regionally’’. 
SEC. 204. GRANTS FOR TRAINING, RESEARCH, AND TECH-
NICAL ASSISTANCE. 
(a) 
GRANTS.—Section 
207(a)(1) 
(42 
U.S.C. 
3147(a)(1)) is amended by striking ‘‘or underemployment’’ 
and inserting ‘‘, underemployment, or outmigration’’. 
(b) TYPES OF ASSISTANCE.—Section 207(a)(2) (42 
U.S.C. 3147(a)(2)) is amended— 
(1) in subparagraph (D) by inserting after ‘‘cen-
ters’’ the following: ‘‘, with the goal that at least one 
university center is established in each State’’; and 
(2) by striking subparagraphs (H) and (I) and 
inserting the following: 
‘‘(H) studies that evaluate the effectiveness 
of regional innovation clusters and determine 
best practices with respect to the support pro-
vided by entrepreneurial infrastructure, includ-
ing business incubators; 
‘‘(I) a peer exchange program to promote 
best practices and innovation with respect to the 
organizational development, program delivery, 
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and regional initiatives of economic development 
districts; 
‘‘(J) development and promotion of per-
formance measures and best practices with re-
spect to commercialization and entrepreneurship; 
‘‘(K) developing or implementing county or 
municipal government efficiency assessments re-
lated to economic development or community vi-
ability; and 
‘‘(L) other activities determined by the Sec-
retary to be appropriate.’’. 
(c) HIGH-SPEED RAIL.—Section 207(a) (42 U.S.C. 
3147(a)) is amended by adding at the end the following: 
‘‘(4) HIGH-SPEED
RAIL.—In making a grant 
under this subsection for the establishment of a uni-
versity center, the Secretary shall ensure, if appro-
priate, that the activities of the center will include 
conducting research and providing technical assist-
ance to leverage and maximize the economic develop-
ment potential of Federal investments in high-speed 
rail projects.’’. 
SEC. 205. FINANCIAL ASSISTANCE FOR BUSINESS INCUBA-
TORS AND SCIENCE AND RESEARCH PARKS. 
(a) IN GENERAL.—Title II (42 U.S.C. 3141 et seq.) 
is amended by inserting after section 207 the following: 
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‘‘SEC. 208. FINANCIAL ASSISTANCE FOR BUSINESS INCUBA-
TORS AND SCIENCE AND RESEARCH PARKS. 
‘‘(a) DEFINITIONS.—In this section, the following defi-
nitions apply: 
‘‘(1) BUSINESS INCUBATOR.—The term ‘business 
incubator’ means a program established to foster the 
creation of new businesses and accelerate the growth 
of early-stage businesses by providing entrepreneurs 
and early-stage businesses with the resources and 
services to produce viable businesses that can help cre-
ate jobs in and restore vitality to communities. 
‘‘(2) 
BUSINESS
INCUBATOR
DEVELOPMENT 
PROJECT.—The term ‘business incubator development 
project’ means a project to construct or alter facilities 
for a business incubator, including the acquisition of 
real property necessary to carry out the construction 
or alteration. 
‘‘(3) SCIENCE AND RESEARCH PARK.—The term 
‘science and research park’ means a program that— 
‘‘(A) includes property and buildings de-
signed primarily for— 
‘‘(i) research and development activi-
ties conducted by public-private partners; 
‘‘(ii) technology- and science-based 
businesses; or 
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‘‘(iii) research and development sup-
port services; 
‘‘(B) includes a contractual relationship 
with one or more institutions of higher education 
or government or nonprofit research laboratories, 
including national security laboratories; 
‘‘(C) has a primary mission of— 
‘‘(i) promoting research and develop-
ment through industry partnerships, assist-
ing the growth of new ventures, and pro-
moting innovation-driven economic develop-
ment; 
‘‘(ii) facilitating the transfer of tech-
nology and business skills between research-
ers and industry teams; and 
‘‘(iii) promoting technology-led eco-
nomic development for the community or 
region in which the program is located; and 
‘‘(D) is owned by a government or nonprofit 
entity (although the government or nonprofit en-
tity may enter into partnerships or joint ven-
tures with for-profit entities to develop or man-
age specific components of the program). 
‘‘(4) SCIENCE AND RESEARCH PARK DEVELOP-
MENT PROJECT.—The term ‘science and research park 
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development project’ means a project to construct or 
alter facilities for a science and research park, includ-
ing the acquisition of real property necessary to carry 
out the construction or alteration. 
‘‘(b) FINANCIAL ASSISTANCE.—On the application of 
an eligible recipient, the Secretary may provide financial 
assistance in accordance with this section to assist the devel-
opment of business incubators and science and research 
parks. 
‘‘(c) GRANTS
FOR PLANS
FOR SCIENCE
AND RE-
SEARCH PARKS.— 
‘‘(1) GRANT
AUTHORITY.—In accordance with 
this subsection, the Secretary may award a grant to 
an eligible recipient for the development of a feasi-
bility study or development plan, or both, with re-
spect to a science and research park development 
project. 
‘‘(2) AMOUNT OF A GRANT.—A grant awarded 
under paragraph (1) may not be in an amount that 
exceeds $750,000. 
‘‘(3) SELECTION PROCESS.— 
‘‘(A) SELECTION CRITERIA.—Not later than 
180 days after the date of enactment of the Eco-
nomic Revitalization and Innovation Act of 
2010, the Secretary shall publish the criteria to 
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