Senate Committee Approves EDA Reauthorization Legislation

摘要

The Senate Environment and Public Works Committee has approved an Economic Development Administration (EDA) reauthorization bill (S. 2778) that would revise the cost-sharing provisions for EDA-assisted projects to base the federal share on area unemployment and income levels.rnUnder current law, the federal share is 50 percent plus an additional amount up to 30 percent based on the relative needs of the area.