investment area
Defined in 1 place of the United States Code.
The term "investment area" means a geographic area (or areas) including an Indian reservation that—
(A) (i) meets objective criteria of economic distress developed by the Fund, which may include the percentage of low-income families or the extent of poverty, the rate of unemployment or underemployment, rural population outmigration, lag in population growth, and extent of blight and disinvestment; and
(ii) has significant unmet needs for loans or equity investments; or
(B) encompasses or is located in an empowerment zone or enterprise community designated under section 1391 of title 26.
Source
- 1994–present12 U.S.C. § 4702Banks and Banking · Definitions · for purposes of this subchapter