Scranton, Pennsylvania - The Office of Economic and Community Development. A) Community Development Block Grants (CDBG)CDBG, one of HUD’s oldest programs, awards grants. Scranton develops its own programs and funding priorities. Consolidated Plan. Michigan Community Revitalization Program. The Michigan Community Revitalization Program (MCRP) is an incentive program available from the Michigan Strategic Fund (MSF), in cooperation with the Michigan Economic Development. The City of Waynesboro Economic Development Department is announcing a new flagship program designed to support small business development, called Grow Waynesboro. Focused this year on finding and funding new and robust local. Activities that. benefit low. The City may also carry out. CDBG funds may not be used for activities which. OECD screens applications for assistance under the CDBG. Activities selected for funding. The. City regularly makes grants and loans to external entities. OECD administers. Business & Industry Loan/Grant Program. OECD administers the Loan/Grant Program, which provides loans to businesses who are located in Scranton or wish to relocate to Scranton. Borrowers must create one job for every $3.
Click here for full program guide. Visit HUD’s. CDBG page for further information. B) HOME Investment Partnerships. HOME is the largest Federal block grant designed exclusively. Many of. these activities are provided through the City’s. The City develops its own programs and funding priorities. Consolidated Plan and usually allocates. HOME funds to: i) The First- time Homebuyer Program. This program provides funds in the form of a forgivable. Scranton. These funds assist. OECD chooses a particular CHDO project. Visit HUD’s HOME page for further information. C) Emergency Shelter Grants (ESG)HUD’s ESG program provides homeless persons with. The City. receives ESG grants and makes these funds available to. Scranton develops its own programs and funding priorities. Consolidated Plan. OECD screens. applications for assistance under the ESG program each. Activities selected for funding through. Visit DOH’s. lead page for further information. D) Otheri) Federal Programs(1) Section 1. Loan Program. The City of Scranton can provide funds for public investment. Section 1. 08 Loan. Guarantee Program. Such public investment is often needed. Visit HUD’s. Section 1. Economic Development Initiative (EDI)EDI provides grants to local governments to enhance both. Section 1. 08. Loan Program and the feasibility of the economic development. Communities. across the county compete for these valuable and scarce. OECD can only pursue EDI assistance. Visit HUD’s. EDI page for further information. Department of Commerce, Economic Development. Administration. When funds are available, OECD can make. These funds must be used to leverage private investment. EDA investment. ii) State Programs(1) Enterprise Zone Loans. OECD established a revolving loan fund with a grant received. Commonwealth of Pennsylvania, Department of Community. Economic Development. When funds are available, OECD. The loans must be collateralized with a reasonable security. A phase one environmental assessment must be. The benefiting business. Enterprise Zone loans can be used for up to 3. These loans also can be used toward the. Costs of public infrastructure. The assisted business must create at least. Redevelopment Assistance Capital Program. OECD can apply for grants under the Redevelopment Assistance. Capital Program (RACP), which is administered by the Commonwealth. Pennsylvania, Office of the Budget. Eligible projects. Included are projects. The Rendell administration has stated that its priority.
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