; (E) promote local and regional capacity building; and (F) provide to communities and regions assistance relating to data collection and analysis and other research relating to economic conditions and vulnerabilities that can inform economic development and adjustment strategies. (4) Consideration In making grants under this subsection, the Secretary shall consider the significant role of regional public universities in supporting economic development in distressed communities through the planning and the implementation of economic development projects and initiatives. . 109. Investment priorities Title II of the Public Works and Economic Development Act of 1965 is amended by inserting after section 207 ( 42 U.S.C. 3147 ) the following: 208. Investment priorities (a) In general Subject to subsection (b), for a project to be eligible for assistance under this title, the project shall be consistent with 1 or more of the following investment priorities: (1) Critical infrastructure Economic development planning or implementation projects that support development of public facilities, including basic public infrastructure, transportation infrastructure, or telecommunications infrastructure. (2) Workforce Economic development planning or implementation projects that— (A) support job skills training to meet the hiring needs of the area in which the project is to be carried out and that result in well-paying jobs; or (B) otherwise promote labor force participation. (3) Innovation and entrepreneurship Economic development planning or implementation projects that— (A) support the development of innovation and entrepreneurship-related infrastructure; (B) promote business development and lending