Community Economic Development Projects

The Community Economic Development (CED) program provides funding to Community Development Corporations (CDCs) for projects that address the economic needs of individuals with low income. The program has three pillars: creating new high-quality, permanent, full-time jobs for eligible individuals; addressing barriers to employment through support services; and promoting community revitalization by investing in local communities. Eligible applicants must be private, nonprofit CDCs with 501(c)(3) status, and must meet specific requirements. The program has a focus on job creation, business development, and community revitalization, and applicants must demonstrate how their project will achieve these goals. • The program will award approximately $17.48 million in funding. • The minimum award amount is $100,000, and the maximum award amount is $800,000. • The program will fund projects for a period of 3 or 4 years, depending on the type of project. • Applicants must submit their applications through Grants.gov, unless an exemption is granted. • The program has specific requirements for performance and financial reporting.