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Community Economic <br /> Development Fund <br /> (CEDF) <br /> "...to aid in the revitalization of community-level commercial centers." <br /> Who's Eligible: Non-profit and for- Current Budget $400,000 <br /> profit businesses and business <br /> associations located in general <br /> commercial areas <br /> • Application Procedure: Funds are Estimated Annual Production: <br /> available on a first-come,first-served Varies based on project size <br /> basis through the submittal of a statement <br /> of interest by a business or MCDA staff <br /> person. <br /> Contact Person: Dave Wickstrom, 673-5078,Commercial Development Department <br /> Program Summary: The CEDF program provides public financial assistance for <br /> redevelopment aimed at strengthening both the economic vitality and physical <br /> appearance of the City's community-level commercial centers. <br /> CEDF is designed to supplement traditional development tools or financing. Funds are <br /> used primarily for property acquisition,relocation, demolition, disposition, and <br /> rehabilitation. Target commercial nodes will be given a priority for funding. <br /> - 32 - <br />