Grant Details
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Community Economic Development (CED) Projects
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CFDA#
93.570
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Funder Type
Federal Government
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IT Classification
C - Could contain a technology component as part of a larger program.
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Authority
Administration For Children and Families (ACF), Office of Community Services (OCS)
Summary
The purpose of the Community Economic Development (CED) program is to create employment and business development opportunities for low-income individuals in other words, to create jobs that did not exist before. It is expected that CED grantees will use the CED funds, along with other leveraged funds, to conduct activities that will lead to this job creation. The CED program provides funding for projects aimed at business development opportunities and creating employment for low-income individuals located in geographic areas with a demonstrated need for the proposed project. To accomplish this, the program requires that all businesses and positions created support a service area with unemployment and poverty rates that are at or above the State or national levels. The CED program also seeks to fund projects that address the personal and community barriers that must be overcome to help low-income individuals become self-sufficient. CED-funded projects can be non-construction or construction projects. The grant period for non-construction projects is 3 years; for construction projects, the grant period is 5 years. The CED program permits facility construction as needed to support business creation, business expansion, and/or job creation. However, it is important to note that short-term construction jobs associated with preparing for business startup or expansion are not counted when determining the number of jobs created under the CED program as they are designed to be temporary in nature. The CED program also allows for the use of funds for business start-up or business expansion activities, as consistent with the cost principles in the Office of Management and Budget (OMB) Circular A-122, as implemented in 2 CFR Section 230, and other applicable rules, provided that the expenditures result in the creation of positions that can be filled with low-income individuals. The CED program's objective is to support businesses that develop new products, services, and other commercial activities that result in the creation of new positions for low-income individuals within a low-income service area.
History of Funding
In FY10, approximately $32,500,000 was made available to fund 41 projects.
Additional Information
OCS is particularly interested in making grants to organizations in states and territories where there is no currently active CED-funded project. These states and territories are Alaska, Colorado, Connecticut, Delaware, Idaho, Kansas, Mississippi, New Hampshire, Utah, Wyoming, Vermont, West Virginia, American Samoa, Island of Guam, Northern Mariana Islands(CNMI), Puerto Rico and the U. S. Virgin Islands.
Contacts
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Eligibility Details
To be eligible for the CED program, an applicant must meet three conditions:
- Applicant must be a private, non-profit CDC with 501(c)(3) or non-501(c)(3) status;
- Applicant must have articles of incorporation, bylaws, or other official documents demonstrating that the CDC has as a principal purpose the planning, developing, or managing of low-income housing or community development activities; and
- The Board of Directors must have representation from each of the following: community residents, business leaders, and civic leaders.
Deadline Details
The deadline to submit an application is July 2, 2013.
Award Details
The estimated total funding is $16,300,000. Thirty-five awards are anticipated. The maximum award is $800,000 per project period. Cost sharing is not required.
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