CDBG: Economic Development Grant - Industrial Infrastructure

The CDBG: Economic Development Grant for Industrial Infrastructure aims to revitalize local economies by funding public infrastructure projects that support private job creation. Eligible projects include improvements to streets, water, and sewer lines, ensuring public ownership of facilities. This program prioritizes businesses offering above-average wages and medical benefits while also requiring that at least 51% of new jobs created are for low to moderate income individuals. Applications are accepted year-round.

This category allows communities to improve their local economies through the revitalization of downtowns, including façade improvements and code violation corrections for privately-owned commercial buildings and by investing in publicly-owned infrastructure that will support private job creation. Applications are accepted year-round and reviewed at the first of every month until funds have been exhausted.
This program helps communities develop public infrastructure that allows industries to locate new facilities, expand existing facilities, prevent the closing of a facility or the relocation of a facility outside the state. Grant funds may be used for public streets, water or sewer lines, engineering and other public facilities necessary to support the private sector project. A public entity must own the facilities to be funded.

Eligibility

Eligible Beneficiary Businesses.
More than one business must potentially benefit from the facilities to be funded.
For-profit manufacturing, processing, and assembly companies that will have wages above the county average and provide medical benefits are prioritized.Use of Funds:
Grant funds may be used for public streets, water or sewer lines, engineering and other public facilities necessary to support the project. A public entity must own the facilities to be funded.
Special Program Requirements:The local government applicant must provide as much unrestricted resources (cash, in-kind resources) as they have available.
LMI Employees: At least 51% of the new jobs to be created must be filled by persons considered “low to moderate income” (LMI).
Prevailing Wage Requirement: Because grant proceeds are used for the construction of public works, prevailing wages must be paid to the employees of the contractors.

Ineligibility

Facilities owned by the company are not eligible for funding.