Rural Business Development Grant
Resource Name: USDA Rural Business Development Grant
Description:
The purpose of the program is to promote economic development and job creation projects through the awarding of grant funds to eligible entities. Applications will compete in two separate categories, business opportunity grants and business enterprise grants, for use in funding various business and community projects that serve rural areas.
What kind of funding is available?
There is no maximum grant amount; however, smaller requests are given higher priority. There is no cost sharing requirement. There are two types of RBDG projects, Opportunity grants and Enterprise grants. Opportunity type grants are limited to up to 10 percent of the total Rural Business Development Grant annual funding. Enterprise type grants must be used on projects to benefit small and emerging businesses in rural areas as specified in the grant application.
How may Enterprise type funds be used?
Training and technical assistance, such as project planning, business counseling and training, market research, feasibility studies, professional or/technical reports, or producer service improvements.
Acquisition or development of land, easements, or rights of way; construction, conversion, renovation of buildings; plants, machinery, equipment, access for streets and roads; parking areas and utilities.
Pollution control and abatement.
The capitalization of revolving loan funds, including funds that will make loans for start-ups and working capital.
Rural distance learning for job training and advancement for adult students.
Rural transportation improvement.
Community economic development.
Technology-based economic development.
Feasibility studies and business plans.
Leadership and entrepreneur training.
Rural business incubators.
Long-term business strategic planning.
How may Opportunity type funds be used?
Community economic development.
Technology-based economic development.
Feasibility studies and business plans.
Leadership and entrepreneur training.
Rural business incubators.
Long-term business strategic planning.
Who may apply?
Grants may be made to a Public Body/Government Entity, an Indian Tribe, or a Nonprofit entity primarily serving rural areas.
How to Apply
Applications are accepted through USDA Rural Development’s local or state offices. Applicants are advised to view program information specific to your local or state office to learn about local application timelines, concept paper requirements, etc.
Grant awardees will need to complete required paperwork and comply with the terms and conditions of the award. Contact your local or state office for details.
More Info
Website: https://www.rd.usda.gov/programs-services/business-programs/rural-business-development-grants-13