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CITY OF MIAMI SECTION 3 ECONOMIC OPPORTUNITY PLAN QUESTIONS The Section 3 Economic Opportunity Plan must describe the proposed strategies for achieving the Section 3 training and employment numerical
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Section 3 economic opportunity refers to the requirement for recipients of certain federal funds to provide job training, employment, and contracting opportunities to low-income individuals and businesses that are located in or near the project area.
Recipients of federal funds from the Department of Housing and Urban Development (HUD) or other agencies that have Section 3 requirements are required to file section 3 economic opportunity.
Section 3 economic opportunity can be filled out by providing information about the job training, employment, and contracting opportunities that have been provided to low-income individuals and businesses.
The purpose of section 3 economic opportunity is to ensure that recipients of federal funds provide opportunities for low-income individuals and businesses to benefit from economic activities funded by the government.
Information that must be reported on section 3 economic opportunity includes the number of job training opportunities provided, the number of employment opportunities created, and the number of contracts awarded to Section 3 businesses.
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