Community Development Block Grant Program

Provides funding to commercial and industrial economic development projects. Program funds are dispersed to a local jurisdiction in the form of a conditional grant and are then used for public improvements or loaned to a business.

• Project must create employment for individuals from low to moderate income in non-urban areas of the state, or eliminate slum and blight conditions.
• The political subdivision may be liable if the project fails.
• The use of funds is fairly broad and includes the acquisition of fixed assets, infrastructure, and feasibility studies.