CDBG Economic Development Program Micro-enterprise Business Accelerator (MBA) to undertake economic opportunities and/or job creation activities that benefit underserved area or low-and moderate-income (LMI) individuals.
Micro-enterprise is a commercial enterprise that has five (5) or fewer full-time employees, one (1) or more of which owns the enterprise at the time of application. Projects must result in the creation of at least one part-time employee job. In the case where no jobs are to be created, the employer and/owner or current employee base must be low or moderate-income person as established by CDBG.
There is a $2,500 minimum and $10,000 maximum funding request.
For application, go to CDBG Request For Proposal (RFP).