Community Development Block Grant (CDBG)
Economic Development Program
Purpose
The Economic Development Grants assist local units of government in the funding of eligible infrastructure improvements in the support of better paying jobs. The use of these funds is directly associated with the creation or retention of jobs of which at least 51% must be low-and moderate-income. Each project will be reviewed for eligibility on a case-by-case basis.
The State CDBG Program makes funds available to the local units of government (except for entitlement cities) that show a genuine need for specific projects and can meet the program's state and federal eligibility requirements.
Available Funds
A total of up to $14,231,384 has been set aside for the Economic Development Program.
Grant Size
The maximum grant size is $650,000. The minimum grant size is $100,000. Projects associated with creating 250 or more jobs may be eligible to receive a maximum of $1,000,000.
* CDBG assistance per job must be $20,000 or less.
Threshold
The applicant must have no unresolved audit or monitoring findings. At least 51% of jobs to be created/retained must be filled by or made available to persons from low-and moderate-income families or the project must meet the Slums and Blight National Objective.
Applications must include a Memorandum of Agreement executed with the business to create and/or retain the jobs and to make the investment as described in the application.
CDBG participation is limited to a maximum of 60% of the total project cost.
Submission Date
The Community Services Division (CSD) will begin accepting proposals starting January 2.
The following documents are available for download:
Upon review, CSD will make a decision whether or not to invite an application. Only invited applications will be considered due to the limited amount of funds available. The letter inviting an application will state the amount of funds that may be requested.
For more information:
Community Services Division
Telephone: 601.359.3179
Fax: 601.359.3108
community@mississippi.org
Or contact your local
MDA Regional Office.