123STA T .405PUBLIC LA W 111 – 5 —FE B.1 7, 200 9‘ ‘ (i i )f i rms, i nclud in g sm a ll - and m e dium-si z ed firms, w i th inthec o mmunit y; ‘‘(iii) local wor k force in v estment b oards established under section 1 1 7 of the W orkforce I nvestment A ct of1 9 9 8 ( 2 9 U.S . C .28 3 2); ‘‘(iv) labor organizations, including State labor fed- erations and labor-management initiatives, re p - resenting workers in the community; and ‘‘(v) educational institutions, local educational agencies, or other training providers serving the community. ‘‘(b) C ONTE NT S . —T he strategic plan shall, at a minimum, con- tain the following
‘‘(1) A description and analysis of the capacity of the eligible community to achieve economic ad j ustment to the impact of trade. ‘‘(2) An analysis of the economic development challenges and opportunities facing the community as well as the strengths and weaknesses of the economy of the community. ‘‘(3) An assessment of the commitment of the eligible community to the strategic plan over the long term and the participation and input of members of the community affected by economic dislocation. ‘‘( 4 ) A description of the role and the participation of the entities described in subsection (a)(2)( B ) in developing the stra- tegic plan. ‘‘( 5 ) A description of the projects to be undertaken by the eligible community under the strategic plan. ‘‘( 6 ) A description of how the strategic plan and the projects to be undertaken by the eligible community will facilitate the community ’ s economic adjustment. ‘‘(7) A description of the educational and training programs available to workers in the eligible community and the future employment needs of the community. ‘‘(8) An assessment of the cost of implementing the strategic plan, the timing of funding re q uired by the eligible community to implement the strategic plan, and the method of financing to be used to implement the strategic plan. ‘‘(9) A strategy for continuing the economic adjustment of the eligible community after the completion of the projects described in paragraph (5). ‘‘(c) GRA NTS TO D E V E L O P STRATE GICP LANS.— ‘‘(1) IN GENERAL.—The Secretary, upon receipt of an application from an eligible community, may award a grant to the community to assist the community in developing a strategic plan under subsection (a)(1). A grant awarded under this paragraph shall not e x ceed 75 percent of the cost of devel- oping the strategic plan. ‘‘(2) FU N D STO B E USED.— O f the funds appropriated pursu- ant to section 277(c), the Secretary may make available not more than $ 25, 0 00,000 for each of the fiscal years 2009 and 2010, and $6,250,000 for the period beginning October 1, 2010, and ending December 31, 2010, to provide grants to eligible communities under paragraph (1). ‘ ‘ SEC.27 7. G E N E RALP R OVI SIONS. ‘‘(a) R EGULATIONS.— 19USC237 1 f.Timep e r i od .
