; (B) an unemployment rate below the national average; or (C) actual or threatened severe unemployment or economic adjustment problems. (3) Institution of higher education The term institution of higher education has the meaning given that term in section 101(a) of the Higher Education Act of 1965 ( 20 U.S.C. 1001(a) ). (4) State The term State means any State of the United States, the District of Columbia, the Commonwealth of Puerto Rico, the Virgin Islands, Guam, American Samoa, the Commonwealth of the Northern Mariana Islands, and any possession of the United States. 302. Distressed community investment agency (a) In general There is established the Distressed Community Investment Agency within the Department of Commerce one year after the date of the enactment of this Act with the mission of promoting, establishing, and strengthening venture capital investment in distressed communities, including expenses of grants, contracts, and other agreements with public or private entities. (b) Functions The Distressed Community Investment Agency shall— (1) coordinate the plans, programs, and operations of the Federal Government which affect or may contribute to the promotion, establishment, and strengthening of venture capital investment in distressed communities; (2) promote the mobilization of activities and resources of State and local governments, businesses and trade associations, institutions of higher education, foundations, professional organizations, and volunteer and other groups towards the promotion, establishment, and strengthening of venture capital investment in distressed communities; (3) facilitate the coordination of the efforts of groups described in paragraph (2) with those of agencies