Rural Economic Development Loan and Grant

The summary for the Rural Economic Development Loan and Grant grant is detailed below. This summary states who is eligible for the grant, how much grant money will be awarded, current and past deadlines, Catalog of Federal Domestic Assistance (CFDA) numbers, and a sampling of similar government grants. Verify the accuracy of the data FederalGrants.com provides by visiting the webpage noted in the Link to Full Announcement section or by contacting the appropriate person listed as the Grant Announcement Contact. If any section is incomplete, please visit the website for the Rural Business Cooperative Service, which is the U.S. government agency offering this grant.
Rural Economic Development Loan and Grant: The Rural Economic Development Loan and Grant program provides funding for rural projects through local utility organizations. USDA provides zero-interest loans to local utilities which they, in turn, pass through to local businesses (ultimate recipients) for projects that will create and retain employment in rural areas. The ultimate recipients repay the lending utility directly. The utility then is responsible for repayment to USDA. USDA provides grants to local utility organizations which use the funding to establish Revolving Loan Funds (RLF). Loans are made from the revolving loan funds to projects that will create or retain rural jobs. When the revolving loan fund is terminated, the grant is repaid to USDA.The Agency anticipates the following maximum amounts per award: Loans - $2,000,000; Grants - $300,000.
Federal Grant Title: Rural Economic Development Loan and Grant
Federal Agency Name: Rural Business Cooperative Service (USDA-RBCS)
Grant Categories: Agriculture Business and Commerce Community Development Education Health Regional Development
Type of Opportunity: Discretionary
Funding Opportunity Number: RD-RBCS-23-REDLG
Type of Funding: Other
CFDA Numbers: 10.854
CFDA Descriptions: Information not provided
Current Application Deadline: June 30th, 2023
Original Application Deadline: June 30th, 2023
Posted Date: August 31st, 2022
Creation Date: August 31st, 2022
Archive Date: September 13th, 2022
Total Program Funding:
Maximum Federal Grant Award: $2,000,000
Minimum Federal Grant Award: $0
Expected Number of Awards: 40
Cost Sharing or Matching: Yes
Last Updated: August 31st, 2022
Applicants Eligible for this Grant
Others (see text field entitled "Additional Information on Eligibility" for clarification.)
Additional Information on Eligibility
To receive funding (which will be forwarded to selected eligible projects), an entity must be: A former Rural Utilities Service borrower who borrowed, repaid or pre-paid an insured, direct or guaranteed loan. Nonprofit utilities that are eligible to receive assistance from the Rural Development Electric or Telecommunication Programs.Current Rural Development Electric or Telecommunication Programs borrowers.
Link to Full Grant Announcement
REDLG Program Web Site
Grant Announcement Contact
Cindy Mason
Program Manager
Program Manager
Similar Government Grants
Maximum Dollar Amount on Awards Under the Rural Economic Development Loan and Grant Progra...
More Grants from the Rural Business Cooperative Service
Rural Energy for America (REAP) Technical Assistance Grant (TAG) Program
Rural Innovation Stronger Economies (RISE)
Value-Added Producer Grant
Rural Business Development Grant (RBDG)
Meat and Poultry Processing Expansion Program - Phase 2

FederalGrants.com is not endorsed by, or affiliated with, any government agency. Copyright ©2007-2024 FederalGrants.com