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The Nome Nugget
Nome, Nome County, Alaska
What is this article about?
The U.S. government announced the first 114 areas eligible for special federal aid under a new program to address heavy unemployment, including the Anchorage, Alaska area. The list covers 29 states and Puerto Rico, with nearly $400 million in loans and grants available upon approval of local economic revival plans.
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WASHINGTON (AP) - The government today named the first 114 areas which are eligible for special federal aid under the new program to help root out pockets of heavy and persistent unemployment. They included the Anchorage, Alaska area.
In making the announcement, Administrator William L. Batt Jr. of the Area Redevelopment Administration said other depressed areas will be added in the near future. He said additions are being studied by Secretary of Labor Arthur Goldberg.
The areas in the first list were scattered among 29 states and Puerto Rico. They will be eligible to share in nearly $400 million of federal loans and grants designed to revive their economies.
Batt noted that an area will not automatically receive aid because it is on the list of sections officially designated as "redevelopment areas."
He said a community or area must devise an approved plan for reviving its local economy before seeking help from Uncle Sam.
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Domestic News Details
Primary Location
Washington
Event Date
Today
Key Persons
Outcome
areas eligible to share in nearly $400 million of federal loans and grants upon devising an approved economic revival plan.
Event Details
The government named the first 114 areas eligible for special federal aid under the new program to help root out pockets of heavy and persistent unemployment, including the Anchorage, Alaska area. Administrator William L. Batt Jr. of the Area Redevelopment Administration announced that other depressed areas will be added soon, with additions studied by Secretary of Labor Arthur Goldberg. The areas are scattered among 29 states and Puerto Rico. An area must devise an approved plan for reviving its local economy before receiving aid.