Section 399.5 - Use of funds(a) General rule.--Grant funds shall be used to help develop the local capacity to plan and to implement an economic recovery strategy. Funding may be used for activities, including, but not limited to, the following: (1) Identifying existing industries within the community which may be in danger of leaving the area and encouraging the retention of these industries.(2) Identifying growth industries and developing plans for encouraging the expansion of such industries within the community.(3) Analyzing the job skills of the unemployed labor force and reviewing existing job training programs in order to make recommendations on the upgrading of the skills of the unemployed labor force.(4) Itemizing infrastructure improvements necessary for job creation.(5) Cataloging the services of local economic development agencies and ensuring that these agencies have qualified personnel with knowledge of State and local programs.(6) Listing those areas in which the community has a particular advantage over other locations, both inside and outside this Commonwealth.(7) Listing those areas in which the community is at a disadvantage when attracting private capital, along with making recommendations for alleviating these problems.(8) Working with businesses and other organizations to encourage the retention of existing jobs, the expansion of existing firms and the attraction of new businesses, with emphasis on projects that will help diversify the community's economic base.(b) Report.--A final report shall be submitted to the department within one year of the award of funds and shall include, as a minimum, a summary of the analyses performed and the businesses assisted and a detailed list of locally supported programs or projects planned, designed or implemented as part of the local economic recovery strategy.1986, July 9, P.L. 1232, No. 112, § 5, imd. effective.