U.S. Department of Health and Human Services: Community Economic Development ProjectsDeadline: April 27, 2016
Community Economic Development (CED) discretionary grant funds will be awarded to Community Development Corporations (CDC) for well-planned, financially viable, and innovative projects to enhance job creation and business development for low-income individuals. The CED program is built on the premise that non-profit CDCs know their communities and are poised to efficiently and effectively create new community economic development projects in their communities. The objective of the program 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
- Attract additional public and private funds to increase investment and quality of life in low-income communities
CED grants will be made as part of a broader strategy to address objectives such as decreasing dependency on federal programs, chronic unemployment, and community deterioration in urban and rural areas. CED projects are expected to actively recruit low-income individuals to fill the positions created by CED-funded development activities, and to assist those individuals to successfully hold those jobs and ensure that the businesses and jobs created remain viable for at least one year after the end of the grant period.
Applicants must agree to create at least a minimum number of jobs based on the following formula:
[Total Amount of Federal CED Funds Awarded] divided by [$25,000 for construction projects or $20,000 for non-construction projects] = [Minimum Number of Jobs to be Created].
CED-funded projects can be non-construction or construction projects. The CED program permits facility construction as needed to support business creation, business expansion, and/or job creation. However, it is important to note that short-term construction jobs associated with preparing for 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.
CDCs are encouraged to target counties designated as having persistent poverty and underserved areas, and from states and territories that do not have active CED projects. Projects that align with the Promise Zones Initiative or Choice Neighborhoods Program are also encouraged.
Amount: $17,700,000 is available for 22 grants ranging from $100,000-$800,000. CED-funded projects can be non-construction or construction projects. Non-construction projects will have one 36-month project and budget period. Projects that involve construction will have one 60-month project and budget period.
Eligibility: Private, non-profit CDCs with 501(c)(3) or non-501(c)(3) status; and with 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. The Board of Directors must have representation from each of the following: community residents, business leaders, and civic leaders.