Community Development Block Grant – Economic Development (CDBG-ED) Program
The business will work with the Unit of General Local Government (UGLG) to complete the application for the CDBG-ED program. Typical awards are $7,000-$10,000 per job created or retained, however the amount of funds awarded per job is at the discretion of DEHCR. At least 51% of the jobs created or retained must be held by low-and moderate-income (LMI) persons. CDBG-ED applications may be submitted at any time, and are reviewed by DEHCR as they are received. CDBG-ED funds are awarded throughout the year until funds are no longer available. Application materials and submission instructions should be carefully reviewed prior to applying for CDBG-ED funds. If awarded, the CDBG contract will be between DEHCR and the UGLG. Review Process: For each Grant Application received, DOA reviews the Application (on a case-by-case basis) to determine the eligibility & fundability of the proposed project. Successful Applications must meet a CDBG National Objective (in accordance with HUD program regulations). DOA anticipates a minimum 60-day review time period for submitted Applications. Applications deemed eligible & fundable will be awarded State CDBG-ED funds. Award Process: Award letters will be issued upon determination of the Communities' (and their respective Businesses') abilities to meet a CDBG National Objective in accordance with HUD program regulations. The award letter outlines the next steps required to accept & execute a Grant Agreement (i.e. contract) with the State of Wisconsin. Next Steps & Requirements: Community grant administrators will be required to attend implementation training. See the CDBG-ED website: https://doa.wi.gov/Pages/LocalGovtsGrants/CDBGEconomicDevelopmentProgram.aspx
A pre-application meeting with DEHCR is required. CDBG-ED grant funds are awarded to local governments to assist businesses to create or retain jobs for individuals with low and moderate incomes. Examples of eligible projects include: business loans to expand facilities or purchase equipment, specialized employee training, or business infrastructure projects.
Create or retain jobs for individuals with low and moderate incomes.
The Division of Energy, Housing and Community Resources (DEHCR) develops housing policy and offers a broad range of program assistance and funds to address homelessness and support affordable housing, public infrastructure, and economic development opportunities.
The Wisconsin Economic Development Corporation (WEDC) is offering grants to support the development of new and existing cooperatives in Wisconsin, with a goal of fostering the success of current and future cooperatives by supporting planning and exploratory research in advance of making a large investment.