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


Business Growth for Job Creation

Preferences ||| Conditions ||| Activities

These activities help existing businesses grow to create jobs for lower income persons. The City places a priority on helping existing businesses (which serve an export market, or which serve the CDBG target neighborhoods) to grow or locate expanded businesses within these neighborhoods. The activities include a business loan program and a small neighborhood-focused business investment program. Activities address Objective E in the Five-Year Plan and generally serve households with 80% of the median income or less.

The Commission will fund non-profits which provide loans or equity funds or other support (such as incubator space) to businesses to expand in order to create new positions.

The 2005 target goal is to help businesses to create at least 37 new jobs available to lower income residents.

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


Preferences

The Commission will give preference to activities that target the development of new full-time jobs which pay at least two times the minimum wage rate, or provide training and advancement opportunities.


Conditions


Activities

Ongoing / currently funded activities in this category include:

Continuing projects approved in prior years include Madison Development Corporation's West Broadway projects.


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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