Nebraska Department of Economic Development – CDBG Resources to Assist Businesses Impacted by COVID-19
Agency / Department: Nebraska Department of Economic Development
Resource: CDBG Resources to Assist Businesses Impacted by COVID-19
Details: The Nebraska Department of Economic Development (DED) has allocated Community Development Block Grant (CDBG) funds to assist qualified businesses that have been impacted by the COVID-19 outbreak. The guide outlines eligible activities for providing loans or grants to private, for-profit entities to support a range of eligible activities that prevent and respond to the spread of infectious diseases such as the coronavirus disease 2019 (COVID-19). Activities include:
– Supporting new businesses or business expansion to create jobs and manufacture medical supplies necessary to respond to infectious disease.
– Avoid job loss caused by business closures related to social distancing by providing short-term working capital assistance to small businesses, to enable retention of jobs held by low- and moderate-income (LMI) persons.