About the Community & Neighborhood Development Program ||| Currently Funded Activities ||| Results ||| Proposal Qualifications and Process ||| Materials Available from Us ||| How To Contact Us


Economic Development of Micro-Enterprises

Conditions ||| Activities

(HUD defines a "micro-enterprise" as a business with 5 or fewer full-time employees, one of whom owns the business.)

These activities provide technical assistance in business start-up and expansion to lower income entrepreneurs or to very small businesses operating within targeted neighborhoods. Activities include management counseling. Activities address Objective F in the Five-Year Plan and generally serve households with incomes of 80% or less of the median.

The Commission will fund non-profits which provide technical assistance, or appropriate space for nascent businesses, or loans to individuals starting or operating micro-enterprises where:

The 2001 target goal is to help 25 persons start or maintain the viability of their businesses, with a benchmark survival rate of 80% for a minimum of three years.

For information on how to submit a proposal in this category, click here.


Conditions

Assistance to any micro-enterprise is limited to a four-year period from the first CDBG-funded contact with the non-profit agency funded by the CDBG Office.


Activities

Ongoing / currently funded activities in this category include:


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About the Community & Neighborhood Development Program
Currently Funded Activities ||| Results
Proposal Qualifications and Process
Materials Available from Us ||| How To Contact Us