Page:United States Statutes at Large Volume 122.djvu/1212

 12 2 STA T . 11 89PUBLIC LA W 11 0– 2 34—M A Y 22, 2008 ‘ ‘ SEC.385 E. R E GIONAL IN V ES TM ENT STRATEG Y GRANTS. ‘ ‘ (a)INGE NE RAL.—TheS e cr e t ar ys ha l l m a k ere gion al in v est - ment strategy grants availa b le to R egional B oar d s f or u se in devel- o p ing , implementing, and maintaining regional investment strate- gies. ‘‘(b) RE GIO NAL IN V E STM ENT STRATEG Y .— A regional investment strategy shall provide— ‘‘( 1 ) an assessment of the competitive advantage of a region, including— ‘‘(A) an analysis of the economic conditions of the region ‘‘(B) an assessment of the current economic perform- ance of the region; ‘‘( C ) an overvie w of the population, geography, workforce, transportation system, resources, environment, and infrastructure needs of the region; and ‘‘( D ) such other pertinent information as the Secretary may re q uest; ‘‘( 2 ) an analysis of regional economic and community development challenges and opportunities, including— ‘‘(A) incorporation of relevant material from other government-sponsored or supported plans and consistency with applicable State, regional, and local workforce invest- ment strategies or comprehensive economic development plans; and ‘‘(B) an identification of past, present, and pro j ected F ederal and State economic and community development investments in the region; ‘‘( 3 ) a section describing goals and objectives necessary to solve regional competitiveness challenges and meet the potential of the region; ‘‘( 4 ) an overview of resources available in the region for use in— ‘‘(A) establishing regional goals and objectives; ‘‘(B) developing and implementing a regional action strategy; ‘‘(C) identifying investment priorities and funding sources; and ‘‘(D) identifying lead organi z ations to e x ecute portions of the strategy; ‘‘( 5 ) an analysis of the current state of collaborative public, private, and nonprofit participation and investment, and of the strategic roles of public, private, and nonprofit entities in the development and implementation of the regional invest- ment strategy; ‘‘( 6 ) a section identifying and prioritizing vital projects, programs, and activities for consideration by the Secretary, including— ‘‘(A) other potential funding sources; and ‘‘(B) recommendations for leveraging past and potential investments; ‘‘( 7 ) a plan of action to implement the goals and objectives of the regional investment strategy; ‘‘( 8 ) a list of performance measures to be used to evaluate implementation of the regional investment strategy, including— 7USC20 0 9d d –4.

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