Community Economic Development (CED) Fact Sheet
What We Do
The Community Economic Development (CED) program is a discretionary grant program that improves the economic self-sufficiency of people with low incomes and revitalizes underserved communities by creating and expanding businesses and job opportunities in areas with high unemployment and poverty rates. Seventy-five percent of all CED-funded jobs must be filled by individuals with low incomes, and employers are required to provide critical wraparound support services to help remove barriers to long-term employment for individuals served.
Who We Serve
CED serves individuals with low incomes residing in or near communities with high unemployment and poverty rates.
2024 Highlights
FY24 Spotlights
Appropriated by Congress
Leveraged by the grant recipients where the grant ended in FY24
Jobs created for those with low incomes
Businesses created or expanded by the grant recipients
Total new grants awarded
Ongoing CED Social Enterprise projects strengthened through supplemental funding
2024 Spotlights
FY24 Highlights
South Carolina
In North Charleston, South Carolina, a CED recipient assisted a custom lighting manufacturing company to expand its operations and scale its production. The expansion created 91 high-quality jobs, 67 of them for individuals with low incomes, in several in-demand fields. Employees receive paid time off, health insurance, and retirement benefits.
Community Economic Development Program
Division of Community Discretionary and Demonstration Programs
Office of Community Services