FY 2006
Allocation Formula
The DRA enabling legislation requires the Authority to update distressed county designation annually.
The following calculations reflect these updates.
2006 Allocation Methodology
Factors used in determining 2006 Allocation:
| Factor |
Factor Percentage |
| Equity Factor |
50% |
| Population Factor |
10% |
| Distressed Population Factor |
20% |
| Distressed County Area |
20% |
The model included factors using 2005 Distressed Counties (based on 2002 Per Capita Income from the Bureau of Economic analysis and April 2005 National Unemployment Rate).
2005 Allocation
| Alabama |
10.63% |
834,222.00 |
| Arkansas |
15.27% |
1,198,361.00 |
| Illinois |
8.61% |
675,696.00 |
| Kentucky |
8.91% |
699,240.00 |
| Louisiana |
17.33% |
1,360,026.00 |
| Mississippi |
13.91% |
1,091,630.00 |
| Missouri |
11.57% |
907,992.00 |
| Tennessee |
13.77% |
1,080,643.00 |
| Total |
|
$7,847,810.00 |