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Economic Development (61 - 70 of 3,036 items)
Financial Crime: Foreclosure Rescue Schemes Have Become More Complex, and Efforts to Combat Them Continue
GAO-14-17: Published: Oct 29, 2013. Publicly Released: Oct 29, 2013.
Foreclosure rescue schemes remain at historically high levels and have become more complex. The Federal Trade Commission's (FTC) Consumer Sentinel Network--an online database of consumer complaints received by FTC, law enforcement agencies, and other organizations--showed that complaints about these schemes rose from around 9,000 in 2009 to more than 18,000 each year in 2010, 2011, and 2012. In ad...
Nuclear Terrorism Response Plans: Major Cities Could Benefit from Federal Guidance on Responding to Nuclear and Radiological Attacks
GAO-13-736: Published: Sep 30, 2013. Publicly Released: Sep 30, 2013.
Many emergency managers from the 27 major cities responding to GAO's questionnaire, although not all, reported that their city had assessed the risks of a terrorist attack using a radiological dispersal device (RDD) or improvised nuclear device (IND) and had ranked the risk of these attacks as lower than the risk of other hazards they face. Also, 11 of the 27 reported that they had completed RDD r...
National Flood Insurance Program: Continued Attention Needed to Address Challenges
GAO-13-858T: Published: Sep 18, 2013. Publicly Released: Sep 18, 2013.
The National Flood Insurance Program (NFIP) was added to GAO's high-risk list in 2006 and remains high risk due to losses incurred from the 2005 hurricanes and subsequent losses, the financial exposure the program represents for the federal government, and ongoing management and operational challenges. As of July 31, 2013, the program owed approximately $24 billion to the U.S. Treasury (Treasury)...
Global Manufacturing: Foreign Government Programs Differ in Some Key Respects From Those in the United States
GAO-13-365: Published: Jul 25, 2013. Publicly Released: Aug 26, 2013.
The four countries GAO analyzed--Canada, Germany, Japan, and South Korea--offer a varied mix of programs to support their manufacturing sectors. For example, Canada is shifting emphasis from its primary research and development (R&D) tax credit toward direct support to manufacturers to encourage innovation, particularly small- and medium-sized enterprises (SMEs). Germany has established applied in...
Travel Promotion: Brand USA Needs Plans for Measuring Performance and Updated Policy on Private Sector Contributions
GAO-13-705: Published: Jul 25, 2013. Publicly Released: Aug 26, 2013.
Brand USA's global campaign promotes travel to all 50 states through various television, print, billboard, Internet, and social media advertising activities, and its targeted campaigns conduct similar promotions in selected countries. To select countries for targeted campaigns, Brand USA uses several criteria, including volume of visitors and tourism revenue from the country. Brand USA launched ta...
COMPETES Reauthorization Act: Federal Loan Guarantees for Innovative Technologies in Manufacturing
GAO-13-717R: Published: Jul 24, 2013. Publicly Released: Jul 24, 2013.
Officials with the Department of Commerce's Economic Development Administration (EDA) said that the agency has taken preliminary steps to execute the Federal Loan Guarantees for Innovative Technologies in Manufacturing program but, as of June 2013, had not issued any loan guarantees under this program. According to officials, EDA has taken some steps to execute the program, such as establishing a...
Flood Insurance: Implications of Changing Coverage Limits and Expanding Coverage
GAO-13-568: Published: Jul 3, 2013. Publicly Released: Jul 3, 2013.
The National Flood Insurance Program (NFIP) currently has more than 5.5 million policyholders insured for about $1.3 trillion who pay about $3.5 billion in annual premiums, but less than half purchase maximum coverage--a possible indicator of how many might purchase additional coverage were it offered. However, from 2002 through 2012, the proportion of residential and commercial policies at maximu...
Flood Insurance: More Information Needed on Subsidized Properties
GAO-13-607: Published: Jul 3, 2013. Publicly Released: Jul 3, 2013.
The Biggert-Waters Flood Insurance Reform Act of 2012 (Biggert-Waters Act) immediately eliminated subsidies for about 438,000 National Flood Insurance Program (NFIP) policies, but subsidies on an estimated 715,000 policies across the nation remain. Depending on factors such as policyholder behavior, the number of subsidized policies will continue to decline over time. For example, as properties ar...
Community Development Block Grants: Reporting on Compliance with Limit on Funds Used for Administration Can Be Improved
GAO-13-247: Published: Mar 21, 2013. Publicly Released: Mar 21, 2013.
The annual appropriation for the Community Development Block Grant (CDBG) program allows grantees to use up to 20 percent of program funds for planning, management, and administration (collectively referred to as "administration"). Specifically, grantees may use these funds for a range of activities, including general management, oversight, and coordination; fair housing activities; preparing comm...
Entrepreneurial Assistance: Opportunities Exist to Improve Programs' Collaboration, Data-Tracking, and Performance Management
GAO-13-452T: Published: Mar 20, 2013. Publicly Released: Mar 20, 2013.
In summary, we found the following:Federal programs that support entrepreneurs are fragmented and overlap based on the type of assistance they are authorized to offer, such as financial (grants and loans) and technical (training and counseling), and the type of entrepreneur they are authorized to serve. Much of the overlap among these 52 programs tends to be concentrated among programs that provid...