Boosting University Investments in Low-Income Districts Act; BUILD Act
Summary
The "Boosting University Investments in Low-Income Districts Act" (BUILD Act) aims to establish a grant program for institutions of higher education located in economically distressed communities. The program would provide planning and implementation grants to these institutions to support economic and community development projects. The Secretary of Commerce, acting through the Assistant Secretary of Commerce for Economic Development, would administer the program.
Institutions of higher education would be designated as eligible based on their location in areas with median family incomes significantly lower than state or national averages. Eligible projects include renovating buildings, establishing business development programs, funding apprenticeships, building broadband networks, and supporting health clinics and educational partnerships.
The bill defines specific criteria for determining distressed communities and outlines the process for institutions to apply for and receive grants. It also sets grant amounts and terms, and requires recipients to submit reports on their activities.
Expected Effects
The BUILD Act, if enacted, would provide financial resources to institutions of higher education in distressed communities. This could lead to increased economic activity, improved infrastructure, and enhanced educational and healthcare opportunities in those areas.
The Act could also incentivize universities to become more involved in their local communities, fostering stronger relationships and addressing local needs. It could also lead to increased enrollment at these institutions, as well as increased property values in the surrounding areas.
However, the program's effectiveness will depend on the specific projects implemented and the ability of the Secretary to efficiently administer the grants.
Potential Benefits
- Stimulates economic growth in distressed communities through university-led projects.
- Creates jobs through construction, new businesses, and apprenticeship programs.
- Improves access to education, healthcare, and broadband internet in underserved areas.
- Strengthens partnerships between universities and local communities.
- Supports research relevant to local economic needs.
Potential Disadvantages
- The definition of "institution of higher education" excludes some types of institutions, potentially limiting the program's reach.
- The program's success depends on the effective implementation of projects and proper oversight of funds.
- There may be challenges in accurately identifying and designating distressed communities.
- The funding may not be sufficient to address all the needs of distressed communities.
- The focus on universities might neglect other potential drivers of economic development.
Constitutional Alignment
The bill appears to align with the Constitution's general welfare clause (Preamble). It aims to promote economic development and improve the lives of people in distressed communities.
Congress has the power to tax and spend for the general welfare (Article I, Section 8). The bill establishes a grant program, which falls under this power.
However, the specific implementation of the program and the selection of eligible projects could raise questions about equal protection under the law (14th Amendment) if not administered fairly and without discrimination.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).