Not-for-profit agencies that provide microenterprise or small business loans are eligible to apply under this category, including intermediaries, revolving loan funds, and/or Community Development Financial Institutions (CDFIs). CDBG funds awarded under this category shall be awarded, principally, to expand the respective agency’s lending capacity, and shall be limited to the origination of microenterprise or small business loans to for-profit businesses serving the NRSAs and Eligible Block Groups (EBGs) only.
Technical Assistance to Businesses
This activity involves providing technical assistance and training directly to businesses (written agreements with businesses are required) on topics such as business planning, accounting and financial management, and marketing. Qualified agencies may apply to provide technical assistance to businesses that have five or fewer employees, one or more of whom owns the enterprise.
Special Economic Development Projects
CDBG funds may be used to undertake certain special economic development activities. These activities include:
- Acquiring, constructing, reconstructing, rehabilitating, or installing commercial or industrial buildings, structures, and other real property equipment and improvements, including railroad spurs or similar extensions. These are economic development projects undertaken by nonprofit entities and grantees (public entities).
- Assisting a private, for-profit business. Assistance may include grants, loans, loan guarantees, and technical assistance; and
- Providing economic development services in connection with otherwise eligible CDBG economic development activities.
Business Incubator Assistance Program
The purpose of the Business Incubator Assistance Program (BIAP) is to help sustain existing businesses and attract new businesses into low- and moderate-income communities by providing cost-effective business support services and resources under one roof. Please be advised that, effective in FY 2013, all small businesses receiving CDBG assistance from any County funded Business Incubator must apply to become certified as a Miami-Dade County Green business.Back to Top Page Last Edited: Mon Jun 3, 2013 11:02:13 AM
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