Community Economic Development Projects
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The Office of Community Services (OCS) plans to allocate approximately $18.57 million in discretionary Community Economic Development (CED) funds to Community Development Corporations (CDC) aimed at fostering job creation and business growth for low-income individuals. The funded projects must demonstrate thorough planning, financial feasibility, and innovation, contributing to broader goals such as reducing reliance on federal assistance, lowering chronic unemployment rates, and revitalizing deteriorating urban and rural communities. Projects may involve either construction or non-construction activities, with an emphasis on actively recruiting and supporting low-income individuals to secure and maintain employment, as well as ensuring that the resulting businesses and jobs remain sustainable for at least one year post-project completion. Applicants in states with existing projects are encouraged to focus on rural and underserved areas. In addition, OCS encourages applicants to align proposed projects with other OCS-funded programs to more effectively address complex issues faced by communities with high poverty, unemployment, and substance use disorder rates, including those experiencing persistent poverty as identified by the USDA's Economic Research Service. This holistic approach aims to maximize the impact of CED initiatives in both rural and urban environments by integrating resources and strategies tailored to the unique challenges of these communities. For further details, interested parties can contact Olivia Barfield at the Department of Health and Human Services.
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Full Description
The Office of Community Services (OCS) will award approximately $18.57 million in Community Economic Development (CED) discretionary funds to Community Development Corporations (CDC) to enhance job creation and business development for individuals with low income. Projects should be well-planned, financially viable, and innovative. CED awards will be made as part of a broader strategy to address objectives such as decreasing dependency on federal programs, chronic unemployment, and community deterioration in urban and rural areas. CED projects are expected to actively recruit individuals with low incomes to fill the positions created by CED-funded development activities, to assist those individuals in successfully maintaining employment, and to ensure that the businesses and jobs created remain viable for at least one year after the project period. CED projects can be non-construction or construction projects. In states with current projects, OCS encourages applicants to target rural and underserved areas.
Furthermore, OCS encourages potential applicants to explore how proposed projects can be aligned and/or integrated with other OCS-funded programs and priorities to more comprehensively address the needs of rural and urban communities with high rates of poverty, unemployment, and substance-use disorder, as well as communities experiencing persistent poverty, as identified by US Department of Agriculture's Economic Research Service.