Community Economic Development Program Operational Projects

In Fiscal Year (FY) 2008, contingent upon available funding, the Office of Community Services (OCS) will award Community Economic Development (CED) discretionary grant funds for well-planned, financially viable, and innovative projects. OCS will award funds to Community Development Corporations (CDCs) that are experienced in implementing economic development projects. OCS intends that grant funds awarded under this announcement will provide resources to eligible CDCs for their job creation and business projects, as a strategy to address broader objectives such as arresting tendencies toward financial dependency, chronic unemployment, and community deterioration in both urban and rural areas. Eligible CDCs must submit a business plan that demonstrates the economic viability of the venture.