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DOC/EDA RIN: 0610-AA67 Publication ID: Fall 2016 
Title: Innovative Technologies in Manufacturing Loan Guarantee Program 
Abstract:

The America COMPETES Reauthorization Act of 2010 enacted changes to section 26 of the Stevenson-Wydler Technology Innovation Act of 1980 (15 U.S.C. 3721) (the Act), which authorizes the Economic Development Administration (EDA) to establish Loan Guarantees for Innovative Technologies in Manufacturing. This Part establishes and regulates EDA's Innovative Technologies in Manufacturing Loan Guarantee Program (ITM Program), which provides guarantees for loans to small- and medium-sized manufacturers. The ITM Program loan guarantees are to encourage innovative manufacturing in the United States by providing loans to borrowers otherwise unable to qualify for traditional loans. The loans are to be used to finance projects that re-equip, expand, or establish a manufacturing facility in the United States and that use innovative technology or processes in manufacturing. The ITM Program loan guarantees also may be used to commercialize innovative products, processes, or ideas developed by research funded in whole or in part by grants from the federal government. The program is modeled after the Small Business Administration's 7(a) loan guarantee programs. The major sections of the regulations include Definitions, Eligibility Requirements, Proceeds Uses, Credit Criteria, Loan Applications, Maturities, Participation Criteria, and EDA's Purchase of a Guaranteed Portion.

 
Agency: Department of Commerce(DOC)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: uncollected 
CFR Citation: 13 CFR 311   
Legal Authority: 15 U.S.C. 3721   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  09/21/2016  81 FR 64787   
NPRM Comment Period End  12/20/2016 
Final Action  05/00/2017 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Rachel A. Wallace
Attorney-Advisor
Department of Commerce
Economic Development Administration
1401 Constitution Avenue NW., Mailstop 72023,
Washington, DC 20230
Phone:202 482-5443
Email: rwallace1@eda.gov