Rural Economic Development Loan and Grant
ID: 351546Type: Posted
Overview

Buyer

Rural Business-Cooperative Service (USDA-RBCS)

Award Range

$0 - $2M

Eligible Applicants

Others

Funding Category

Regional Development

Funding Instrument

Other

Opportunity Category

Discretionary

Cost Sharing or Matching Requirement

Yes

Original Source

https://grants.gov/search-results-detail/351546

Additional Information

https://www.rd.usda.gov/programs-services/business-programs/rural-economic-development-loan-grant-program
Timeline
    Description

    The Rural Business-Cooperative Service of the USDA is offering the Rural Economic Development Loan and Grant program, aimed at providing funding for rural projects through local utility organizations. Eligible applicants include former Rural Utilities Service borrowers, nonprofit utilities, and current Rural Development Electric or Telecommunication Programs borrowers, who can utilize the funding to create and retain employment in rural areas. This program is crucial for supporting economic development in rural communities by facilitating zero-interest loans and grants that establish Revolving Loan Funds for local projects. Interested parties should note that the application deadline for the next funding cycle is June 30, 2024, with a maximum loan amount of $2,000,000 and grants up to $300,000. For further inquiries, contact Cindy Mason, Program Manager, at cindy.mason@usda.gov.

    Point(s) of Contact
    cindy.mason@usda.gov
    Files
    No associated files provided.
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