Community Economic Betterment Account
Category: Business, State
The Community Economic Betterment Account (CEBA) program can provide financial assistance to businesses that require assistance in order to create new job opportunities or retain existing jobs which are in jeopardy. Projects eligible for CEBA funding include, but are not limited to, the following: building construction or reconstruction, acquisition of land, equipment purchases, operating and maintenance expenses and site preparation. These funds are customarily divided between forgivable loans, low-interest loans and no-interest loans. Projects must meet minimum wage and benefit guidelines.