2 Jul 2025
š¢Elimination of Supplementary Grant Regulation by Economic Development Administration
Elimination of Supplementary Grant Regulation
Summary
Through this final rule, the Economic Development Administration (EDA), U.S. Department of Commerce, is eliminating the regulations on supplementary investment assistance. The regulation is confusing and does not provide any guidance in addition to what is already in section 205 of EDA's enabling statute, the Public Works, and Economic Development Act of 1965.
Agencies
- Commerce Department
- Economic Development Administration
Business Impact
$$ - Med
The elimination of the supplementary grant regulation simplifies compliance for businesses seeking federal assistance under existing programs. Business owners will benefit from reduced confusion and the streamlined process for obtaining financial aid under the Public Works and Economic Development Act.