Program Description

The Economic Development Fund is a component of the Massachusetts Community Development Block Grant (CDBG) program.  It provides funding for projects that create and/or retain jobs, improve the local and/or regional tax base, or otherwise enhance the quality of life in the community.  Historically, EDF has funded a range of economic and community development projects.  Currently, program funding is limited to physical improvements that support commercial center economic development, planning in support of economic development and micro enterprise assistance.

Application Process:

CDBG-eligible cities and towns may apply to the Department of Housing and Community Development (DHCD) for Economic Development Fund grants.  EDF funds are awarded on a rolling basis depending on the availability of funds.  An Application Information Form (AIF) is submitted by the municipality to provide basic information about the proposal.  DHCD staff review the AIF and schedule an initial meeting with the community.  Following the initial meeting, the applicant community is notified whether it will be invited to submit an application and if so, whether any additional information is needed.

Eligible Projects:

  • Physical Improvements Supporting Downtown and Commercial Center Economic Development
  • Mixed-Use Development and Adaptive Re-Use of Buildings  
  • Public and Other Improvements Supporting Mixed-Use Development  
  • Assistance to Non-Profit Development Organizations
  • Planning Projects Supporting Economic Development
  • Section 108 Loan Guarantees  

For More Information:

Please contact DHCD's Division of Community Services at 617-573-1400.  Division staff is also available by appointment to provide assistance with applications.