Community Development Block Grants (CDBG) Economic Development Program
Forecasted
Community Development Block Grants (CDBG) Economic Development Program supports Mississippi businesses through public infrastructure and building improvements to foster business development and better-paying jobs.
Funder: Mississippi Development Authority
Due Dates: Contact MDA for application timing
Funding Amounts: $20,000 per job or up to $2,500,000 per project
Summary: Funds publicly owned infrastructure and building improvements supporting business location, expansion, or retention in Mississippi.
Key Information: Applicants must be Mississippi municipalities or counties; no site activity may begin before required federal regulatory and environmental approvals.
Description
The Mississippi Development Authority (MDA) administers the federally funded Community Development Block Grant (CDBG) Economic Development Program to support public infrastructure and publicly owned building improvements tied to business development. Funding supports businesses launching, locating, expanding, or remaining in Mississippi, with use directly related to the construction, renovation, or expansion of industry.
The program connects infrastructure investment with better-paying private-sector jobs and community development objectives. Job creation is critical, and benefiting companies must commit to capital investment and job creation. Typically eligible industries include manufacturers, warehouses and distribution centers, research and development facilities, telecommunications and data processing enterprises, and national or regional headquarters. Assistance is awarded to municipalities or counties on behalf of benefiting businesses.
