CBDC Community Development Fund

This grant provides financial support primarily through repayable loans, aiming to cater to the financial needs of both businesses and non-profit associations. The structured loan offerings are designed to facilitate business growth and community development initiatives effectively and sustainably.

• Additional financial assistance up to $225,000 in the form of repayable loans for businesses.
• Loan or bridge financing options available for non-profit associations.

Eligibility for the Community Development Fund (CDF) loans includes specific criteria related to the type of organization applying.

• The applicant must be a business seeking additional financial assistance.
• The applicant may also be a non-profit association eligible for loans or bridge financing.

Who is eligible?

Who is not eligible

There are specific types of companies that are not eligible for this grant. Eligibility criteria may vary, but generally, the following types of businesses are not eligible:

• Businesses engaged in speculative activities
• Businesses that are not legally registered entities
• Businesses involved in illegal activities

Eligible expenses

Eligible expenses for this grant include:

• Business expansion costs
• Capital investments
• Equipment purchases
• Operating costs
• Marketing and advertising expenses

There are evaluation and selection criteria for the Community Development Fund (CDF) grant. The criteria include:

• Business viability
• Job creation or retention
• Community economic development impact
• Financial need

Further relevant details for the Community Development Fund (CDF) include:

• The fund primarily targets projects that demonstrate strong community involvement and potential for significant local economic benefits.
• Fund applicants may be required to provide financial statements or business plans to assess the feasibility and impact of the proposed project.
• Applicants should plan for a detailed budget that outlines how the loan or financing will be allocated across different project components.
• There may be conditions attached to the loan repayment terms, which can vary based on the project's timeline and success.
• Successful applicants might gain access to networking opportunities and workshops aimed at maximizing the effectiveness of their funded projects.