Page:United States Statutes at Large Volume 81.djvu/723

 81 STAT.J

P U B L I C LAW 9 0 - 2 2 2 - D E C. 23, 1967

689

"(1) economic and business development programs, including programs which provide financial and other incentives to business to locate in or near the areas served so as to provide employment opportunities for residents of those areas, and programs such as those described in title IV of this Act for small businesses in or ^° s*^t. U65. owned by residents of such areas; 42 USC*2 901* et " (2) community development activities which create new train- ^eq. ing and employment opportunities and which contribute tQ an improved living environment; and "(3) manpower training programs for unemployed or low-income persons which support and complement economic, business, and community development programs, including without limitation activities such as those described in part B of this title. '*"'®' P* ^'^^* "REQUIREMENTS FOR FINANCIAL ASSISTANCE

"SEC. 152 (a) The Director shall not provide financial assistance for any program or component project under this part unless he determines that— "(1) all projects and related facilities will, to the maximum feasible extent, be located in the area served; "(2) projects will, where feasible, promote the development of entrepreneurial and management skills and the ownership or participation in ownership of assisted businesses by residents of the area served; "(3) projects will be planned and carried out with the maximum participation of local businessmen by their inclusion on program boards of directors, advisory councils, or through other appropriate means; "(4) the program will be appropriately coordinated with local planning under this Act, the Demonstration Cities and Metro1255. politan Development Act of 1966, and with other relevant plans 80 Stat. 3301 42 USC for physical and human resources of the areas served; note "(5) the requirements of subsections 122(e) and 124(a) of this Act have been met; fial"'^' ^* ^^^' 686. " (6) preference will be given to the residents of the areas served in filling jobs and training opportunities; and "(7) training programs financed under this part shall be designed wherever feasible to provide those persons who successfully complete such training with skills which are also in demand in communities or neighborhoods other than those for which programs are established under this part. " (b) Financial assistance under this section shall not be extended to assist in the relocation of establishments from one location to another if such relocation would result in an increase in unemployment in the area of original location. "(c) The level of financial assistance for related purposes under this Act to the area served by a special impact program shall not be diminished in order to substitute funds authorized by this part. " (d) Of the sums appropriated or allocated for any fiscal year for Limitation. programs authorized under this title, the Director shall reserve not less than 7 per centum for the purpose of carrying out this part. U

APPLICATION OF OTHER FEDERAL RESOURCES

"SEC. 153. (a) The Secretary of Housing and Urban Development shall, in consultation with the Director, take all necessary steps under the authority granted to him under title I of the Housing Act of 1949 to assure that land for business location and expansion purposes is

" stau 414

42 """ 1451 et " use ' " seq.

�