Department of Health and Human Services: Community Economic Development Projects
The Community and Economic Development (CED) program provides funding for projects aimed at business development opportunities and creating employment for individuals with low-income located in geographic areas with a demonstrated need for the proposed project. To accomplish this, the program requires that all businesses and positions created support a service area with unemployment and poverty rates that are at or above the state or national levels. The CED program also seeks to fund projects that address the personal and community barriers that must be overcome to help individuals with low-income become self-sufficient.
The program is built on the premise that non-profit CDCs know their communities and are poised to create new community economic development projects in their communities. The objective is to support businesses that develop new products, services, and other commercial activities that result in the creation of new positions for individuals with low-income that:
- Are ready to implement at the time of award;
- Lead to increased self-sufficiency for individuals and families with low-income;
- Create businesses and jobs in low-income communities that improve the livelihood of not only those who obtain those jobs but the community itself and;
- Attract additional public and private funds to increase investment and quality of life in low-income communities.
CED-funded projects can be non-construction or construction projects. The grant period for non-construction projects is 3 years; the grant period for construction projects is 5 years. The CED program permits facility construction as needed to support participating business creation, expansion, and/or job creation. However, it is important to note that short-term construction jobs associated with preparing for participating business startup or expansion are not counted when determining the number of jobs created under the CED program as they are designed to be temporary in nature.
Award: Total: $17,700,000; Range: $100,000-$800,000.
Eligibility: An applicant must meet three conditions:
- Applicant must be a private, non-profit CDC with 501(c)(3) or non-501(c)(3) status;
- Applicant must have articles of incorporation, bylaws, or other official documents demonstrating that the CDC has as a principal purpose the planning, developing, or managing of low-income housing or community economic development activities; and
- The Board of Directors must have representation from each of the following: community residents, business leaders, and civic leaders.
Note: The CDC designation does not need to be specified on any official documents as long as the three requirements stated above are met.
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