Community Development Block Grant Economic Development
Community Development Block Grant Economic Development supports Montana businesses and nonprofits with job creation, retention, and worker training to expand employment for low- to moderate-income people.
Funder: Montana Department of Commerce
Due Dates: June 24, 2022 (Applications opened) | Accepting applications (No closing date listed)
Funding Amounts: Award amounts based on jobs retained or created; local governments provide low-interest loans or grants
Summary: Supports Montana economic development projects that create or retain full-time permanent jobs and provide customized employee training for low- to moderate-income workers.
Key Information: An eligible local government must apply on the organization's behalf; at least 51% of jobs must meet the program's low- to moderate-income requirement.
Description
The Montana Department of Commerce’s Community Development Block Grant Economic Development program supports private-sector economic development that creates or retains full-time, permanent jobs for Montanans. Its focus is employment opportunities for low- to moderate-income people, defined as individuals earning less than 80% of area median income. Funding addresses gaps where other public and private financing is inadequate.
Awards go to eligible local governments, which provide loans or grants to eligible organizations. Supported activities include job creation and retention projects undertaken by for-profit entities, nonprofits, certified regional development corporations, and economic development organizations. Customized employee training is also eligible as a stand-alone activity for new and expanding businesses adding jobs, helping workers gain needed skills and access better-paying employment.
