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Technical Assistance to Businesses Program

Through the Technical Assistance to Businesses Program, non-profit agencies are able to help foster economic development in low- and moderate-income communities by providing capacity building support to local businesses. The goal is to help strengthen and develop businesses, with the overall objective of creating and retaining jobs.

National Objective

The CDBG National Objective of the Technical Assistance to Businesses is Low-Mod Jobs (LMJ, 24 CFR 570.208(a)(4)). Federal regulations require that one job be created for every $35,000 awarded.

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Eligible Activities

Proposals from qualified agencies provide Technical Assistance to Businesses and assist in job creation. Services and resources to be provided include, but are not limited to, the following:

  • Providing business development training;
  • Assisting businesses with business operations related support;
  • Assisting businesses in securing loans, grants, and other financial resources;
  • Facilitating networking opportunities;
  • Assisting businesses with the development and implementation of a business plan; and
  • Expanding availability of services to businesses through an established marketing and outreach plan targeted to businesses located in the County’s NRSAs and Eligible Block Groups.
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Activity Requirements

Eligible applicants must meet all the requirements listed below:

  • Must have experience providing technical assistance to businesses;
  • Must have an established business development curriculum which must be submitted to, and approved by, PHCD;
  • Must be able to provide essential business development services and resources;
  • Must be able to provide proof that not less than 51% of the jobs created will be for low-to-moderate income persons. Federal regulations require the creation of one job per $35,000 awarded;
  • Must demonstrate that once a job is created, that it is sustained for a period of not less than one (1) year;
  • Must have established relationships with professional service providers (i.e. Small Business Administration, accountants, marketing consultants, loan underwriters, etc.) and others comprising a local business support network;
  • Must adhere to a mandatory intake process; and
  • Must provide a marketing plan to demonstrate outreach efforts and how services will be promoted.
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Ongoing Responsibilities and Monitoring

Agencies receiving CDBG funds will be required to submit quarterly progress reports and will be subject to an annual monitoring site visit. The reports will be reviewed to assess the activity’s progress in creating jobs for low- and moderate-income persons. The awardees must document and maintain records of jobs created, as well as the training, technical assistance, and all other services provided for five (5) years after the US HUD National Objective is met.

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2012

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2013

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Page Last Edited: Mon Jun 3, 2013 11:08:40 AM
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