Audit of economic development grants and a cooperative agreement with East Tennessee not-for-profit organizations

As a result of the end of the Cold War, the Department of Energy (Department) has downsized many of its facilities. This may have a negative impact on many communities that were heavily dependent on Departmental operations for economic stability. To lessen the negative effects on these communities, the Department has encouraged the formation of community reuse organizations that are responsible for acting on behalf of the community to determine and sponsor initiatives to offset the consequences of the Department`s downsizing. One such initiative has been the award of economic development grants and cooperative agreements. The objective of the audit was to determine whether economic development grants and a cooperative agreement with East Tennessee not-for-profit organizations were achieving the Department`s intended purposes.