Defense Economic Conversion Hearing Before the Subcommittee On Economic Develo

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Defense Economic Conversion Hearing Before the Subcommittee On Economic Develo
United States Congress House Committee On Publi
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We support that local organization with our grant and aid program, which ciirrently has a $30 million appropriation for fiscal year 1993. The grant can support staff to make the orga- nization operate efficiently.
That local organization is charged with the responsibility in the base closure situation of articulating or crafting a base reuse plan. For example, determining how the 28, 000 acres at Fort Ord in Monterey Coimty could be used to achieve the overall goal of the program, to generate r
...eplacement jobs and economic activity. To support the crafting of that plan, we provide on average two to three hundred thousand dollars a year to that local organization for three to five years as they go through the planning process.
Once thejr've crafted a comprehensive response to the problem, then we turn to the 23 members of what is called the President's Economic Adjustment Committee, which is chartered under an Ex- ecutive Order that was last updated on January 15th of last year.
EDA, as was noted before, is the most active member of the President's Economic Adjustment Committee and has provided more resources to communities to execute or implement their base reuse plans than any of the other Federal departments or agencies.


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