The City of Springfield uses a portion of its CDBG funds to support the expansion of economic opportunities for low income persons through financial assistance to businesses looking to expand within the City. The City provides low interest loans to for profit businesses opening or expanding their operations. The purpose of these loans are to create new job opportunities, primarily for persons earning less than 80% of the area median income.

For more information about our CDBP Loan program, please contact Craig Jeffers in our Office of Planning and Economic Development below.

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