Low- and Moderate-Income Microenterprise Development
Last updated
SmallBusinessCentral User Guide
Last updated
A microenterprise is a business with 5 or fewer employees, including the owner. To meet the CDBG the low- and moderate-income microenterprise development requirement, the microenterprise must be owned (or is being developed by) an extremely low-, low-, or moderate-income person. A business owner that is above moderate income is not eligible for CDBG-funded services. Use the table below to determine the income level of the business owner or entrepreneur.
Income Certification: To meet the CDBG low- and moderate-income requirement by assisting a microenterprise client, you MUST also income certify the client. To income certify a microenterprise client, use the Microenterprise Income Certification Form. You can find the form in the Appendix. After completing the form, keep it with the client records. You do not need to upload it to SmallBusinessCentral.
