13 CFR § 305.1 - Purpose and scope.

---
identifier: "/us/cfr/t13/s305.1"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "13 CFR § 305.1 - Purpose and scope."
title_number: 13
title_name: "Business Credit and Assistance"
section_number: "305.1"
section_name: "Purpose and scope."
chapter_name: "ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE"
part_number: "305"
part_name: "PUBLIC WORKS AND ECONOMIC DEVELOPMENT INVESTMENTS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "42 U.S.C. 3211; 42 U.S.C. 3141; Department of Commerce Organization Order 10-4."
regulatory_source: "71 FR 56675, Sept. 27, 2006, unless otherwise noted."
cfr_part: "305"
---


# 305.1 Purpose and scope.

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.

[79 FR 76131, Dec. 19, 2014]