COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM

 

Economic Development Program:

 

This program is provided for existing business expansion and new business creation within the Community Development Block Grant Program target area.  Applicants business must be within the CDBG area and is defined as follows: 14th Street West easterly to the Braden River, Manatee River southerly to 26th Ave.

 

Business owner must demonstrate the ability to both, recruit individuals that live in the CDBG target area and to provide products/services to the residents of the area. 

• For the creation of new business the applicant must meet the following criteria:
• Ability to demonstrate experience in the line of business
• Ability to demonstrate management and administrative skills
• Must have acceptable credit
• Must have acceptable cash equity and reserve capital for one year

 Applicants expanding an existing business must have a minimum of 3-5 years experience in present or similar type service or industry.  The business should show profit for the same period of time.