Community Development Block Grant (CDBG) funds are an important tool in supporting small Kansas communities. Now, as communities come together in their response to COVID-19, additional CDBG resources are being made available through the CDBG-CV3 program.
CDBG-CV3 has one funding category: Economic Development (Job Retention)
Funds will be awarded to cities and counties on approximately July 1.
To be eligible to receive a CDBG-CV3 Economic Development grant, the recipient business must be a for-profit business and retaining jobs for low to moderate-income people. 51% or more of the full-time equivalent (FTE) jobs retained must be for persons from low to moderate-income households as defined by HUD.
CDBG-CV3 Economic Development grants can be used to pay for the following expenses:
Businesses with five or fewer employees (including the owner) are eligible to receive up to $25,000 per FTE job in CDBG-CV3 Economic Development grant funding (with a maximum of $30,000 per company).
Businesses with between six and 50 employees are eligible to receive up to $35,000 for each FTE job in CDBG-CV3 Economic Development grant funding (with a maximum of $50,000 per company).