Community Development Block Grant Economic Development
Community Development Block Grant Economic Development supports Montana’s private sector to create or retain jobs for low- to moderate-income Montanans and stimulate economic development.
Funder: Montana Department of Commerce
Due Dates: June 24, 2022 (Application opening) | Accepting applications
Funding Amounts: Award amount not specified
Summary: Supports economic development through private-sector job creation or retention for low- to moderate-income Montanans.
Key Information: Intended beneficiaries earn less than 80% of the area median income.
Description
The Montana Department of Commerce’s Community Development Block Grant (CDBG) Economic Development program is designed to stimulate economic development in Montana by assisting the state’s private sector. Its focus is on creating new jobs or retaining existing jobs for low- to moderate-income Montanans.
The program links private-sector assistance to employment opportunities for this population, defined as individuals earning less than 80% of the area median income. Both job creation and job retention are central to its purpose: supporting efforts to generate employment while preserving existing jobs for the Montanans it is intended to serve. The opportunity is listed on Montana Grants + Loans as a grant accepting applications.
