CBDG Economic Development (ED)

The 2025 CDBG Economic Development Opportunity, administered by the Nebraska Department of Economic Development (DED), is designed to support businesses that expand the state's economic base while creating and retaining quality jobs primarily for low- and moderate-income (LMI) individuals. This initiative is part of the broader Community Development Block Grant (CDBG) program and focuses on leveraging local government partnerships to stimulate economic growth and employment across Nebraska. Funding under this opportunity is intended to be used by local units of government, such as cities and counties, to support private businesses that meet the LMI National Objective criteria, specifically under the Low- and Moderate-Income Jobs (LMJ) subcategory. The key goal is to ensure job creation and retention directly benefit economically disadvantaged communities by prioritizing projects that generate accessible employment opportunities. The program also incorporates the State Revolving Loan Fund (RLF) objective, which aims to provide adequate financing for local development and ensure timely use of resources to maintain Nebraska's long-term economic prosperity. Program income generated at both state and local levels must comply with federal regulations outlined in 24 C.F.R. §570.489(e), ensuring accountability and alignment with federal standards. Applicants must ensure that all proposed activities clearly align with the overarching goal of benefiting LMI individuals through job creation or retention. All applications must demonstrate compliance with the LMJ eligibility criteria, and all program income must be tracked and used in accordance with the established federal guidelines. The grant allows for multiple applications from a single applicant during the program year, enhancing flexibility for ongoing or phased projects. The opportunity officially opened on July 1, 2025, and will remain open for application submissions through June 30, 2026. Matching funds are required for this opportunity, although the specific matching amount is not disclosed in the available documentation. Award amounts range from a minimum of $125,000 to a maximum of $1,015,000 per project. For questions or technical assistance, applicants can contact Tom Stephens at the Nebraska Department of Economic Development. He can be reached via email at tom.stephens@nebraska.gov or by phone at 402-471-6587. Additional guidance, forms, and templates related to the application process are accessible through the department’s website. Individuals requiring accommodations may also use the Statewide Relay System for communications support.