WASHINGTON, Nov. 19 -- Economic Development Administration has issued a rule called: Update of Public Works and Economic Adjustment Act Grant Rate Regulations.
The rule was published in the Federal Register on Nov. 19 by Benjamin Page, Deputy Assistant Secretary and Chief Operating Officer.
Summary: On January 4, 2025, the Economic Development Reauthorization Act of 2024 became law. The Economic Development Administration ("EDA"), U.S. Department of Commerce, publishes this final rule to reflect an amendment made to the grant rates prescribed by EDA's authorizing statute, the Public Works and Economic Development Act of 1965. Immediate implementation of the rule will prevent public confusion between EDA's implementing regulations and chan...