Rural Economic Development Loan and Grant
ID: 356188Type: Posted
Overview

Buyer

Rural Business-Cooperative Service (USDA-RBCS)

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/356188

Additional Information

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

    The Rural Business-Cooperative Service of the USDA is offering the Rural Economic Development Loan and Grant program, aimed at funding rural projects through local utility organizations. Eligible applicants include former Rural Utilities Service borrowers, nonprofit utilities, and current borrowers from Rural Development Electric or Telecommunication Programs, with a focus on creating and retaining employment in rural areas. The program provides zero-interest loans up to $2 million and grants up to $300,000, which can be used to establish Revolving Loan Funds for job-creating projects. Interested parties should note that applications must be submitted by 4:30 p.m. local time on specified quarterly deadlines, with the final closing date for this funding opportunity set for June 30, 2025. For further inquiries, contact Cindy Mason at cindy.mason@usda.gov or call 202-690-1433.

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