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Date Published: March 2013
This document contains an overview of a Community Development Block Grant Disaster Recovery (CDBG-DR) funded small business loan and grant program including considerations and strategies for designing and implementing a program.
Well-designed, market-driven economic development programs are often key to long-term disaster recovery efforts. A typical economic development program for CDBG-DR grantees is a small business loan or grant program. A small business loan or grant program provides low- or no-cost loans to small businesses that have been impacted by the disaster, or are part of a targeted industry for future growth. The goal is create and retain jobs for the community by stabilizing weakened businesses, encouraging businesses owners to re-open or expand their business, and attracting entrepreneur’s for growth potential.
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Please bear in mind that these documents were created by organizations based on their specific needs and objectives, and they may reflect local laws and policies. Grantees and their partners should go through their own process to develop policies and corresponding procedures that are appropriate locally and that are compliant with federal, state, and local law.