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Community Economic Development (CED) Fund is sponsored by South Carolina General Assembly (administered by SCACED). This grant program supports certified Community Development Corporations (CDCs) and Community Development Financial Institutions (CDFIs) in South Carolina.
Projects focus on enhancing economic opportunities in underserved and rural communities through small business development, workforce training, commercial retail, historic preservation, financial empowerment, neighborhood revitalization, or affordable housing.
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CED Fund | SCACED | SCACED Community Economic Development (CED) Fund The CED grant program was created by the SC General Assembly in 2000 (through the SC Community Economic Development Act) to support certified community development corporation (CDC) and community development financial institution (CDFI) sponsored projects in the state of South Carolina.
Qualifying projects and activities are designed to enhance the economic opportunities of underserved and rural communities, this may include small business development, workforce training, commercial retail, historic preservation, financial empowerment, neighborhood revitalization, or affordable housing.
In 2000, the South Carolina General Assembly passed the South Carolina Community Economic Development Act authorizing funding for the Community Economic Development (CED) Fund for state certified community development corporations (CDCs) and community development financial institutions (CDFIs).
The purpose of the appropriation is to support CDCs and CDFIs whose primary function is to develop projects and activities that enhance economic opportunities and wealth creation in the economically challenged communities through community economic development (CED).
CED includes efforts to enable low-to-moderate income persons to become small businesses owners, homeowners, and secure jobs through the development of small businesses, jobs, affordable housing, and economic development in the community. In the 2021-2022 and 2022-2023 state budget, the General Assembly appropriated a total of $4 million for the CED Fund. In 2021, $975,000 was granted to 11 certified CDCs and CDFIs.
At the beginning of 2023 the next competitive grant round for the CED Fund opened, and in May 2023, fourteen state certified CDCs and CDFIs were awarded a total of $2. 7 million. Grants size ranged from $50,000 to $300,000.
Learn more about CDCs and CDFIs. Learn more about the SC Commerce Certification Program.
2022 - 2023 CED Fund impact Anderson Interfaith Ministries Habitat for Humanity of Greenville County Nehemiah Community Revitalization Corporation Nehemiah Community Revitalization Corporation Santee-Lynches Affordable Housing & CDC SC UpLift Community Outreach Soteria Community Development Corporation Southeastern Housing and Community Development Preserving History, Building Futures: Metanoia's Golden Dream Townhomes in Liberty Hill Building Stronger Futures: How Anderson Interfaith Ministries (AIM) leverages the South Carolina Community Economic Development Fund
According to the current listing, eligibility includes: Certified Community Development Corporations (CDCs) and Community Development Financial Institutions (CDFIs) in South Carolina. Confirm the full requirements in the official notice before applying.
The current listing shows typically $50,000 to $300,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Community Economic Development (CED) Fund is funded by South Carolina General Assembly (administered by SCACED). Verify program details on the funder's official page before applying.
This opportunity targets applicants in South Carolina. If your organization operates elsewhere, check the official notice for location requirements.
Applications go through the funder's official portal — the Apply Now link on this page goes there directly.
Past winners and funding trends for this program
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