; and (B) facing sudden and severe economic dislocations because of structural economic changes, changing trade patterns, certain Federal actions (including environmental requirements that result in the removal of economic activities from a locality), impacts from natural disasters, and transitioning industries, including energy generation, steel production, and mining; (2) economic growth in the States, cities, and rural areas of the United States is produced by expanding economic opportunities, expanding free enterprise through trade, promoting resilience in public infrastructure, creating conditions for job creation, job retention, and business development, and by capturing the opportunities to lead the industries of the future, including advanced technologies, clean energy production, and advanced manufacturing technologies; (3) the goal of Federal economic development programs is to raise the standard of living for all citizens and increase the wealth and overall rate of growth of the economy by encouraging communities to develop a more competitive and diversified economic base by— (A) creating an environment that promotes economic activity by improving and expanding modern public infrastructure; (B) promoting job creation, retention, and workforce readiness through increased innovation, productivity, and entrepreneurship; and (C) empowering local and regional communities experiencing chronic high unemployment, underemployment, low labor force participation, and low per capita income to develop private sector business and attract increased private sector capital investment; (4) while economic development is an inherently local process, the Federal Government should work in partnership with public and private State, regional, Tribal, and local organizations to maximize the impact of existing resources and enable regions, communities, and citizens to participate more fully in the American dream and national prosperity