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CDBG Microenterprise Grant Program

In its 2020-2024 Consolidated Plan for Housing and Community Development, the City of Hickory identified increasing entrepreneurship opportunities as a high priority need. This led to the creation of a program to provide microenterprise grants to businesses looking for funding necessary to take their business to the next level.
 

What is a microenterprise?

 

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 2021, this is $48,250 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.)
 

CDBG Microenterprise Application
CDBG Microenterprise Program Brochure
CDBG Micronenterprise Grant Program Guidelines
CDBG Microenterprise Grant Business Plan Template - (MS Word - *.docx)
CDBG Microenterprise Grant Program - Profit & Loss Projections - (MS Excel - *.xls)

 

City of Hickory


76 North Center Street
Hickory, North Carolina 28601
Phone: (828) 323-7400
Fax: (828) 323-7550

 

 

Life. Well Crafted.


Hickory is for doers and makers seeking a well-rounded community, located between Charlotte and Asheville at the foot of the Blue Ridge Mountains, along I-40, where a collective spirit of craftsmanship strengthens any endeavor with detail, artistry, and quality.
 

 

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