ABSTRACT

CDBG-CV Rural Economic Development Quick Guide   [open pdf - 531KB]

Alternate Title: Using CDBG-CV Funds for Rural Economic Development

From the Introduction: "Rural communities across the country have felt the impact of the COVID 19 [coronavirus disease 2019] pandemic in unique ways. The CDBG-CV [Community Development Block Grant CARES] program can support the more robust local economic development infrastructure needed for their recovery. As is the case under the traditional CDBG program, CDBG-CV grantees can support economic development for COVID-19 recovery through special economic development and microenterprise assistance activities. With the supplemental allocation of CDBG-CV funds, grantees can grow their support of efforts that drive recovery and growth in communities that have felt the brunt of pandemic's economic fallout. [...] Main streets, commercial corridors and downtowns in rural areas are suffering, and a coordinated effort to bring them back is crucial. Once a neighborhood or community falls into decay and disinvestment, it is much more costly and difficult to bring it back. Using the full array of tools in the CDBG and CDBG-CV toolkits for economic development will help businesses weather the COVID-19 storm. Investing in flexible capital to support operations and assisting with place-based approaches like streetscape improvements, incubators and co-working spaces, and marketing campaigns will help drive foot traffic back to awaiting businesses"

Publisher:
Date:
2021-08-26?
Series:
Copyright:
Public Domain
Retrieved From:
HUD Exchange: https://www.hudexchange.info/
Format:
pdf
Media Type:
application/pdf
URL:
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