|
Economic & Community
Development
Economic
and community development comprises a key element of the work of
Central Midland COG. Working with regional economic development
partners, staff assists local governments in research, referrals and
grant writing to support the development, expansion, and retention
of businesses in the region. Local governments are also assisted in
obtaining grants for water and sewer upgrades and improvements,
workforce training needs, neighborhood planning, and other community
development needs.
Businesses that require assistance with utility infrastructure may
be eligible to apply for grants or loans through the economic
development branch of the
State
of SC Community Development Block Grant (CDBG) Program.
Eligible applicants can obtain 100% CDBG grants for provision of
water and sewer to benefit job creation and retention in the state.
Other business incentive resources are offered by the
SC
Department of Commerce.
The
U.S. Department of Commerce's Economic Development Administration (EDA)
provides grant funds to distressed communities to revitalize,
expand, or upgrade their physical infrastructure to attract new
industry, encourage business expansion, diversify their local
economies, and generate or retain long-term private sector jobs and
capital investments. EDA grants may subsidize up to 50% of the
total cost of a project. Other supplementary grant or loan funds
for community and economic development projects can be obtained from
the
Division of Local Government within the S.C. State Budget and
Control Board
, the
Rural
Economic Community and Development Service of the U.S. Department of
Agriculture.
Low interest loans for building or repairing wastewater and drinking
water plants or distribution systems can be obtained through the
State
Revolving Loan Fund.
Central
Midlands assists many different local governments with applying for
and administering Community Development Block Grants. In Richland
(except for the City of Columbia), Fairfield and Newberry Counties,
local governments are eligible to receive funds from the
State
of SC CDBG Program.
In Lexington County, local governments can apply to the
Lexington County CDBG Program
for funds for a variety of projects including sidewalks, water and
sewer improvements, ADA compliance, streetscaping and other
CDBG
eligible activities.
Richland County
and the
City of
Columbia
each operate their own CDBG programs for the unincorporated areas of
Richland County and the city limits of Columbia, respectively.
Planning for community and economic development is funded through
ongoing EDA and State CDBG planning grants. Through these funds,
Central Midlands is able to identify and participate in setting
goals and objectives for regional community and economic
development.
The Central Midlands regional
Comprehensive Economic Development Strategy
(CEDS)
is required by EDA to maintain eligibility for annual planning
funds. The CEDS is a regional planning process focusing on economic
development and results in a five-year strategic plan for regional
economic development updated annually. Each year the Strategy’s
priority projects for EDA funding are updated to determine projects
that may be eligible for funding, projects that have been completed,
and any new information on projects.
In
summary, CMCOG staff can assist local governments seeking grant or
loan funding from a variety of federal and state sources, and can
coordinate sources of such funding to aid in assisting businesses
and improving their communities.
Please
note that the Community and Economic Development division does
not assist individuals with obtaining grants. People with
individual needs can contact the
United
Way 211
service to locate resources including support groups, community
clinics, counselors, shelters, food pantries, programs for seniors
and much more. Other Federal grant opportunities may be found by
researching
Grants.gov,
the Federal government’s website for locating federal funding.
|