; (2) the economic development strategy of the eligible entity; (3) the remoteness of the communities to be served by the eligible entity; (4) the general economic status of the communities to be served by the eligible entity; and (5) poverty rates within the communities to be served by the eligible entity. (d) Assistance for development of compacts To the extent that funds are appropriated in advance to carry out this section, the Secretary may enter into contracts with, or make grants to, any eligible entity for the purposes of facilitating the development and implementation of a compact between the United States and the eligible entity. (e) Duration and extension (1) Duration The term of an initial compact under this section shall be for 5 years. (2) Subsequent compacts An eligible entity and the United States may enter into one or more subsequent compacts in accordance with this Act. (3) Extensions If a compact is approaching expiration or has expired, the eligible entity that is a party to the compact and the United States may renegotiate or extend the compact for such number of terms as the parties may agree, with each term not to exceed 10 years. (f) Elements In furtherance of the economic development strategy of the applicable eligible entity, each compact shall contain— (1) a description of the specific objectives for the sustainable economic development and reduction of poverty that the eligible entity and the United States expect to achieve during the term of the compact; (2) a description of the respective roles and responsibilities of the eligible entity and the United States in the achievement of those objectives; (3) a list and description of regular benchmarks to measure progress toward achieving those objectives; (4) an identification of the intended beneficiaries, disaggregated by income level, gender, and age, to the maximum extent practicable