; and (2) the Secretary of Commerce determines that the region is experiencing an actual or threatened abrupt rise of unemployment or economic hardship due to the closing or curtailment of a major source of employment, significant industry transition, or other mitigating economic factors, including international trade. (b) Support and assistance (1) Development of economic recovery and employment plan In providing support and assistance to a region under subsection (a), a targeted investment generating economic recovery team shall work in coordination with a State or regional economic development and workforce agency and the Rapid Response team of the Department of Labor to assist in the development of an economic recovery and employment plan for the region, including by identifying grants, sources of State and Federal funding, and unemployment insurance resources (including short-time compensation) which may be beneficially utilized in the region. (2) Cases of facilities shutdown In addition to the support and assistance provided under paragraph (1), in a case in which the actual or threatened abrupt rise of unemployment or economic hardship in the region involves the shutdown of a facility of a business unit, the team shall work in coordination with the Administrator of the Small Business Administration to assess the feasibility and advisability of an employee purchase of such business unit. (3) Coordination In addition to the support and assistance provided by a team under paragraph (1) to a region, the team, in coordination with the Secretary of Labor, shall— (A) coordinate the activities of all Federal agencies relating to the provision of assistance to the region in response to the actual or threatened abrupt rise of unemployment or economic hardship referred to in subsection (a)(2)