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.