The Oklahoma Department of Commerce Community Development Block Grant/Economic Development Infrastructure Financing (CDBG/EDIF) program provides public infrastructure financing to help communities grow jobs, enable new business startups and expansions for existing businesses.
The objective of this program is the development of viable urban communities by providing decent housing and a suitable living environment and expanding economic opportunities principally for people earning low to moderate incomes. The state program will achieve this national objective by funding projects in which at least 51 percent of the new jobs created are made available to low and moderate income individuals, with a maximum of $10,000 in funding per job created.
Types of Projects Funded
Publicly owned and maintained improvements that will provide basic infrastructure services to a new or expanding business, including water, wastewater, transportation improvements, and rehabilitation and new construction of publicly owned industrial buildings.
Typical Uses of Funds
- Acquisition of real property for public ownership and maintenance;
- Acquisition of public facilities for public ownership and maintenance (except for buildings used for the general conduct of government);
- Construction of public facilities;
- Installation of public facilities;
- Reconstruction of publicly owned and maintained industrial buildings or structures and other industrial real property;
- Rehabilitation of publicly owned and maintained industrial buildings or structures and other industrial real property;
- Publicly owned fiber optic lines.
For more information, contact:
Julie Miner, Principal Economic Development Planner