; and . VI Economic development 6001. Economic growth, retention, and recruitment of commercial investment in economically underserved communities The Small Business Investment Act of 1958 ( 15 U.S.C. 661 et seq.) is amended by adding at the end the following new title: VIII Economic growth, retention, and recruitment of commercial investment in economically underserved communities 811. Purpose The purpose of this title is to assist with the economic growth of economically underserved communities that have potential for strong Class 1 commercial investment, but that continue to have a difficult time recruiting Class 1 commercial investment. 812. Grant program (a) Authorization From amounts appropriated under section 814, the Administrator shall make grants on a competitive basis to an eligible community for— (1) the creation of a grant program or revolving loan fund program (or both) that helps develop financing packages for Class 1 commercial investment in the community; (2) lowering real estate property tax rates in the community; (3) conducting community-wide market analysis to help recruit and retain Class 1 commercial investment; (4) creating employment training programs for Class 1 business customer service, sales, and managerial positions in the community; (5) retail marketing strategies to solicit new Class 1 commercial investment starts in the community; (6) program allowances for activities to promote Class 1 commercial investment in the community, such as the publication of marketing materials, development of economic development web pages, and educational outreach activities with retail trade associations; and (7) hiring business recruitment specialists to operate in the community. (b) Eligibility The Administrator may only make a grant under subsection (a) to a community whose demographics include— (1) a median per capita income no higher than $35,000