Economic Revitalization and Innovation Act of 2010

Summary

Economic Revitalization and Innovation Act of 2010 - Amends the Public Works and Economic Development Act of 1965 to extend funding for economic development assistance programs under such Act for FY2011-FY2015 and to revise grant program requirements and criteria to encourage regional development strategies, innovation, entrepreneurship, and sustainable development. Extends technical assistance eligibility under such Act to economic development districts and university centers. Authorizes and encourages the Secretary of Commerce to consult and cooperate with federal, state, and local entities in supporting economic and workforce development and in promoting regional innovation clusters. Requires the Secretary to coordinate activities with the Department of Transportation (DOT) and other relevant entities to leverage and maximize the economic development potential of federal investments in high-speed rail projects and ensure that the activities of a university center include conducting research and providing technical assistance for such projects. Extends eligibility for grants for public works and economic development and for economic adjustment to business incubator facilities and science and research parks, as defined by this Act. Authorizes the Secretary to: (1) award grants and loan guarantees for the development of a feasibility study or development plan, or both, for a science and research park development project; and (2) provide technical and other assistance (in lieu of the Brightfields demonstration program) to promote energy efficiency to enhance the economic competitiveness of an area, increase the use of renewable energy technologies, support energy efficiency or alternative energy development plans, studies, or analysis, and support community efforts to relocate a technology or manufacturing business to the United States. Expands eligibility criteria for public works and economic development assistance or economic adjustment in a distressed area to include the loss of a substantial employer, substantial outmigration or population loss, substantial foreclosure rates and underemployment, military base realignments, natural disasters, and substantial negative effects resulting from changing trade patterns. Requires public works and economic development grant recipients to establish job creation goals and authorizes the Secretary to impose a penalty on grantees who fail to satisfy such goals.

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Documents

6 official files

• Reported in House (text)

  Reported in House · EN · 29 September 2010

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• Reported in House (PDF)

  Reported in House · EN · 29 September 2010

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• Reported to House amended, Part I

  summary · EN · 29 September 2010

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• Introduced in House (text)

  Introduced in House · EN · 28 July 2010

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• Introduced in House (PDF)

  Introduced in House · EN · 28 July 2010

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• Introduced in House

  summary · EN · 28 July 2010

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