1. Be a private, non-profit Community Development Corporation (CDC) with 501(c)(3) status; faith-based and community organizations that meet the eligibility requirements can apply
2. Have articles of incorporation or bylaws demonstrating that the CDC has as a principal purpose the planning, developing, or managing of low- income housing or community economic development activities; and
3. Have a Board of Directors with representation from each of the following: community residents, business leaders, and civic leaders.
Funds will be awarded to experienced CDCs for well planned, financially viable, and innovative projects sponsoring social enterprise incubators.
These incubators will develop new products, services, and commercial activities that result in new positions for individuals with low incomes, while also addressing a local unmet need or solution to social problems for the community’s constituents and its stakeholders.
Award Ceiling: US$400,000.
Utilize This Offer
Projects must be located in geographic areas with a demonstrated need for social enterprise, such as a county designated as having persistent poverty.
Electronically submitted applications must be submitted no later than 11:59 pm ET on Aug 05, 2019.