CDBG for Economic Development

The Community Development Block Grant Program (CDBG) is a grant program that is available to fund publicly owned infrastructure. Funding from this program can be used by municipalities and counties to assist with the location, expansion, or retention of businesses. Usage of the funds must be directly related to the construction, renovation, or expansion of industry.

Examples of eligible projects include:

Drainage systems
Water and sewer systems 
Roads, bridges, and rail spurs
Buildings (rehabilitation/expansion)

Program Facts

Job creation is the goal of the Community Development Grant Economic Development Program. CDBG requires that at least 51% of the jobs created must be made available to persons of low and moderate income as determined the U.S. Department Housing and Urban Development. Typical industries that are eligible under this program include:
 
Manufacturers
Warehouses and distribution centers
Research and development facilities
Telecommunications and data processing facilities
National or regional headquarters

Municipalities and counties must apply on behalf of industry based on the public infrastructure needs of the project. The Community Development Block Grant Program (Economic Development) provides for a maximum grant amount per project of $650,000.