Section Cdfa 307.02 - Capacity Development Grants for Regional Development Corporations(a) The administrative requirements set forth in Cdfa 306.01(a), (b), (c), (d), (e), (k), and (l) shall not apply to capacity development grants for regional development corporations.(b) Municipalities shall be eligible to apply on behalf of non-profit regional development corporations in order to increase the expertise and capacity of the non-profit in order to capitalize and manage revolving loan funds for economic development. Grants may also be used in order to expand program offerings of the regional development corporations to further the delivery of economic development services in their region.(c) Municipalities may apply for capacity development funds in an amount not to exceed $20,000 per year per regional development corporation in each of the calendar years 2012-2016. This grant shall not count against the municipal annual funding limit established in Cdfa 307.01(b).(d) Funding awards to grantees shall be made based on the past performance of the regional development corporation on whose behalf the funds are being applied for.(e) Documentation for (d) shall include, at a minimum, the following: (1) A statement of assets of the regional development corporation;(2) Profit and loss statements of the regional development corporation; (3) A statement by the regional development corporation on the progress made with respect to job creation;(4) An annual work plan to be approved by the authority; and(5) A report on the outcomes of the previous year's work plan.(f) Grantees shall be eligible to receive up to 15 percent of a capacity development grant award for administration.(g) Non-profit regional development corporations shall use CDBG funds to develop and expand their capacity and expertise with regard to the following: (1) Marketing of the revolving loan fund;(3) Financial analysis; and(h) The following activities shall be considered ineligible uses for capacity development grants for regional development corporations: (1) Business recruitment outside the chartered boundaries of a regional development corporation;(2) Rent of office space; and(3) General promotion of a municipality or region as a whole.(i) Regional development corporations shall not substitute grant funds for existing financing of overhead costs.(j) Applicants may receive funding for capacity development grants for regional development corporations provided they document that the non-profit regional development corporation meets all of the following conditions: (1) That loans shall create or retain at least one job for every $20,000 received by the municipality under this subcategory;(2) That jobs created or retained during the term of the assistance provided by capacity development grants for regional development corporations shall be filled primarily by low and moderate income persons; (3) That in the event a business funded as a result of receiving a capacity development grant, involves the relocation of all or part of that business, only net jobs created shall be counted towards meeting the requirements in (j) (1) and (j) (2).(k) The scoring criteria set forth in Cdfa 310.13 through Cdfa 310.17 shall not apply to applications submitted for capacity development grants for regional development corporations.N.H. Admin. Code § Cdfa 307.02
(See Revision Note at chapter heading for Cdfa 300) #8387, eff 6-29-05; ss by #8515, eff 1-1-06; amd by #10183, eff 9-15-12; amd by #10244, eff 12-19-12