CDBG Microenterprise Grant Program

Hickory, NC

Overview

A grant program in Hickory focused on microenterprises (businesses with five or fewer employees).

According to the US Department of Housing and Urban Development, a microenterprise is a business that has five or fewer employees, one of whom is the owner of the business. Since the project will be funded with CDBG funds, all applicants will need to have a household income of less than 80% of the area median income. In 2018, this is $44,000 for a family of four. Please contact the Community Development Division to verify current HUD income limits. (All limits are subject to change as HUD updates their information.)

Who is this for?

Entrepreneurs with microenterprises in need of $1000 to $4000 in funding.

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What problem does it solve?

Sometimes a small amount of money can go a long way for small businesses.

How does it help?

The CDBG Microenterprise Grant Program provides microenterprise grants to businesses looking for funding for inventory, marketing and promotion and other needs.

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