Rural Business-Cooperative Service (continued)
Program Overview
Applicant
Population Additional Informatio n
Program Type: Grant Terms and Conditions: Grants range from $500,000 - $2 million with a four-year-term. Website: https://go.usa.gov/xzD5b
Government organizations, nonprofits, federally
N/A
Helps create high-wage jobs and accelerate the formation of new businesses. It also supports industry clusters and maximizes the use of local assets in lower-income rural areas. Grants can be used to build or support a business incubator facility, provide trainings, and improve opportunities for workers to get high-wage jobs in new or existing local industries. Supports the startup and growth of small rural businesses. Loans can be used to establish revolving microloans for small, rural businesses, working capital, debt refinancing, equipment and supplies, and real estate improvements. Grants can be used to provide training and technical assistance to microloan borrowers and microentrepreneurs. Provides financial support to co-ops and their associations or development centers for technical assistance to small, socially disadvantaged groups. Funds can be used for feasibility studies, business plans, strategic planning, and leadership training. Bolsters participating USDA Rural Development program funds by supporting projects that promote and implement strategic community investment plans. Funds can be used to help amplify a rural community’s unique strengths, identify additional resources, convene partners, and leverage other federal, state, local, and private funding.
recognized Tribes, and institution of higher education
Rural Innovation Stronger Economy (RISE) Grant Program
The following RD programs participate in this program: Community Connect and Rural Business Development Grants; and both Community Facilities and Water and Waste Disposal Direct Loans, Grants, and Loan Guarantee programs. Program Type: Grant, loan, or guarantee based on program is being used Website: https://go.usa.gov/xzD5n Program Type: Loan, grant Terms and Conditions: Loans: Loans range from $50,000 to $500,000. Maximum 20-year term with two year payment deferral. Grants: Maximum grant of $205,000 annually Website: https://go.usa.gov/xzD5Z Program Type: Grant Terms and Conditions: Maximum grant amount is $175,000 Website: https://go.usa.gov/xzD58
Rural areas with populations of 50,000 or fewer
Nonprofits, federally recognized Tribes, and institutions of higher education (Borrowers must be businesses with 10 or less full-time employees.) Rural cooperatives and cooperative development centers Applicant requirements vary depending on the RD program under which you are applying.
Rural Micro- entrepreneur Assistance Program
Rural areas with populations of 50,000 or fewer
Socially Disadvantaged Groups Grants
Population requirements vary depending on the RD program under which you are applying.
Strategic Economic and Community Development
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