CDBG - Economic Development Program (ED)
CDBG - Economic Development Program (ED) supports local governments assisting businesses with investments that create or retain jobs for low- and moderate-income people.
Funder: Wisconsin Department of Administration
Due Dates: Rolling (Applications accepted year-round until funds are exhausted)
Funding Amounts: Up to $1,000,000 per project; typically $7,000–$10,000 per job created or retained; generally 24 months
Summary: Supports local governments assisting businesses with investments that create or retain jobs for low- and moderate-income individuals.
Key Information: A non-entitlement local government must apply, and the assisted business must match at least 50% of total project costs.
Description
Wisconsin’s Community Development Block Grant–Economic Development (CDBG-ED) program supports private-sector projects that create or retain jobs for low- and moderate-income (LMI) people. The Wisconsin Department of Administration administers the program through its Division of Energy, Housing and Community Resources (DEHCR), Bureau of Community Development. Grants go to local governments, which primarily provide forgivable loans to participating businesses.
Supported activities include facility construction, reconstruction, rehabilitation and acquisition; property and equipment purchases; working capital; specialized employee training; and business infrastructure. Program goals include business expansion, new businesses, job retention, entrepreneurial development, incubators, microenterprises and regional economic development strategies. The program emphasizes disadvantaged and underserved areas, local capacity building, and economic opportunities benefiting both workers and businesses.
