Project Exile: The Safe Streets and Neighborhoods Act of 2000 - Amends the Violent Crime Control and Law Enforcement Act of 1994 to direct the Attorney General to provide firearms sentencing incentive grants to eligible States that: (1) demonstrate that they have implemented firearms sentencing laws requiring that any person who uses or carries a firearm during and in relation to any violent crime or serious drug trafficking crime be sentenced to a term of imprisonment of not less than five years (without the possibility of parole) in addition to the punishment provided for such crime, or requiring that any person who possesses a firearm, having at least one prior conviction for a violent crime, shall be sentenced to five years' imprisonment (without the possibility of parole); or (2) can demonstrate that they have in effect an equivalent Federal prosecution agreement; and (3) demonstrate that they have or will implement a public awareness and community support program that seeks to build support for, and warns potential violators of, such firearms sentencing laws; and (4) provide assurances that they will coordinate with Federal prosecutors and Federal law enforcement agencies to promote Federal involvement and cooperation in the enforcement of laws within that State and will allocate resources in a manner calculated to reduce crime in the high-crime areas of the State.

Sets forth allowable uses for such grants, including to: (1) support law enforcement agencies, prosecutors, courts, probation officers, correctional officers, the juvenile justice system, the improvement of criminal history records, or case management programs involving the sharing of information about serious offenders; (2) carry out such a public awareness and community support program; and (3) build or expand correctional facilities.

Sets forth the allocation formula for grants, authorizes appropriations, and sets forth reporting requirements.