CDBG Economic Development Incubator Project
Funds business incubator projects in eligible Alabama communities to promote entrepreneurship and local economic growth, focusing on benefits for low- and moderate-income residents.
Funder: Alabama Department of Economic and Community Affairs
Due Dates: July 22, 2026 (noon, paper submission required)
Funding Amounts: No set minimum/maximum; typical CDBG economic development projects range from $50,000 to $1,000,000+ depending on project scope.
Summary: Supports business incubator projects in eligible Alabama communities to foster entrepreneurship and local economic growth.
Key Information: Application instructions must be requested directly from ADECA by phone.
Description
This opportunity funds the creation and development of business incubators as part of Alabama's Community Development Block Grant (CDBG) Program, administered by the Alabama Department of Economic and Community Affairs (ADECA). The goal is to leverage CDBG resources to support entrepreneurship, stimulate business growth, and strengthen local economies in eligible Alabama communities. Projects must align with CDBG national objectives, particularly benefiting low- and moderate-income persons, and comply with both federal and state CDBG guidelines.
