The Economic Development Grant provides community-based nonprofits with funds for construction/equipment for specific projects.

Funds can be used for:

Projects that bring about improvement of neighborhood commercial areas through rehabilitation or construction of industrial, retail or office space, creates permanent, private sector jobs thereby strengthening an area’s economic base.  Projects may be nonprofit or for-profit ventures owned in whole or in part by the applicant organization.  Fifteen percent of the grant may be used for administration costs as approved by the Finance Fund.

Funds are used for economic development projects, which target low-income people.

Low income is defined as 80% of area median income.

Must be a member of the Finance Fund. Click here to apply for membership.

Maximum award is $100,000

Match requirements do apply.

Applications are reviewed and approved by the Finance Fund's Investment Committee.

All application submissions will be accepted in an open-window basis.

To review the Economic Development Grant policy and guidelines click here.

Financial Reporting Forms for the Economic Development Grant Program click here.

Unfortunately, we are unable to accept Economic Development Grant applications online at this time. To apply, please click here for an Application, complete it in full, and mail it to us for consideration. Potential applicants are encouraged to contact a Program Officer, Carol Carter: ccarter@financefund.org or Michael Thomas: mthomas@financefund.org to discuss the project and the availability of funding prior to submitting an application.

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