Community Economic Development (CED) is a federal grant program funding Community Development Corporations that address the economic needs of low-income individuals and families through the creation of sustainable business development and employment opportunities.
CED's projects create employment opportunities that lead to increased self-sufficiency for low-income individuals through a variety of activities, such as:
Capital expenditures such as the purchase of equipment or real property;
Allowable operating expenses; and
Loans or equity investments.
CED funds a variety of projects, including:
Business incubators
Shopping centers
Manufacturing businesses
Agricultural initiatives
CED awards funds to: Private, non-profit organizations that are community development corporations (CDCs) including faith-based organizations, and Tribal and Alaskan Native organizations. CDCs must be governed by a tripartite board of directors that consists of residents of the community served, and local business and civic leaders. CDCs must have as their principle purpose planning, developing or managing low-income housing or community development projects.
CED programs also provide technical and financial assistance for economic development activities.
Learn more about CED on our Resource and Research pages.
Contact:
Community Economic Development Program
U.S. Department of Health and Human Services
Administration for Children and Families
Office of Community Services
370 L'Enfant Promenade, S.W.
Washington, DC 20447
Phone Number: (202) 401-5663 CED@acf.hhs.gov
Community Economic Development (CED) is a federal grant program funding Community Development Corporations that address the economic needs of low-income individuals and families through the creation of sustainable business development and employment opportunities. 