H.R. 145 · 109th Congress
To establish a grant program to support cluster-based economic development efforts.
- Stage
- In committee
- Sponsor
- John McHugh
- Introduced
- 2005-01-04
- Latest action
- 2005-02-23 · Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.
Summary
Amends the Public Works and Economic Development Act of 1965 to authorize the Secretary of Commerce to make grants in support of cluster-based economic development efforts in regions with low per capita income, high unemployment, or economic adjustment problems.
Limits the maximum assistance for any one region to $1 million.
Sets Federal cost sharing for projects carried out using funds authorized by this Act at 50 percent. Authorizes in-kind contributions for the non-Federal share of project costs.