It is desirable that a company or companies be ready to occupy a structure within 2 years of the signed contract with the state. Letters of Intent will suffice for the application portion of this grant. No Interest will be assessed because it is not a loan. Evaluation done by end of July. Contract signed by October 1 st .
Construction can start as soon as contract is signed.
Construction can start before the contract is signed, however, it cannot start before the site visit. Block Grant Loans are administered by the Department of Community Affairs in Tallahassee, Fl. Low interest Economic Development loans can be given to businesses to promote economic development. The county applies for the loan and administers it. 90-60, established the CDBG Citizens Advisory Task Force to assist with program planning, implementation and assessment.