PURPOSE
In making grants the Community Economic Development (CED) Initiative is looking for innovative thinking, significant impact and sustainable approaches. CED provides financial assistance to community and faith based nonprofit organizations to help them improve the economic well-being and quality of life in their communities.
CED considers requests that closely match its overall mission to provide capacity building, technical assistance, operational and programmatic assistance. We address needs in the following focus areas: workforce development, affordable housing, financial literacy/asset building and grassroots leadership development activities. Additional consideration is given to projects that address under-served segments or economically disadvantaged communities.
Most organizations receiving funding consideration 1) will not have received CFSA funding for community economic development projects within the last grant cycle, 2) are in the early stages of organizational development, or 3) have begun to demonstrate project capacity.
ELIGIBILTY
Grants are competitively awarded to community and faith based non profit organizations that are at various levels of development and have begun to show a proven track record of completed projects. Organizations must demonstrate the capacity to engage in substantial community economic development activities as defined by our focus areas above.
To be eligible under this program, an organization must be incorporated under State of Alabama law and must be classified as a public charity and tax exempt under 501(c)(3) and 509(a)(1) or (2) of the IRS Code. Additional requirements may apply as required.
GEOGRAPHIC COVERAGE
Baldwin, Clarke, Choctaw, Conecuh, Escambia, Mobile, Monroe and Washington counties.
APPLICATION PROCESS
The CED Initiative accepts grant inquiries throughout the grant cycle year. Processing a grant application generally takes 6 – 8 weeks. We have a two-step application process: Letters of Inquiries, followed by invitation only for full proposals. Letters of Inquiry will be received during the current grant cycle, August 31, 2009 – September 30, 2010.
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