StacksVerified U.S. regulatory reference

13 CFR §310.1

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
Upon the application of an Eligible Applicant, and with respect to that Eligible Applicant's Project only, the Assistant Secretary may designate the Region which the Project will serve as a Special Impact Area if the Eligible Applicant demonstrates that its proposed Project will:
  1. (a)Directly fulfill a pressing need; and
  2. (b)Be useful in alleviating or preventing conditions of excessive unemployment or underemployment, or assist in providing useful employment opportunities for the unemployed or underemployed residents of the Region.