Funding Level: $20,000,000 (Nationally)
Overview: Rural Development’s Rural Business Enterprise Grant (RBEG) program will receive approximately $20 million dollars under the Act to provide funding for a broad variety of programs to support business development in rural areas. RBEG funding may be used for many purposes making it uniquely suited to meet the varying needs of individual areas while helping to speed economic recovery. The RBEG program may fund projects as varied as business revolving loan funds, business district infrastructure projects, capital improvement projects, business incubators, and downtown revitalization projects. The program has been used successfully throughout Rural America to fund projects that will create or save jobs. In Fiscal Year 2008, the program created or retained over 18,000 jobs at a cost of under $3,000 per job.
For More Information:
To request application materials under this authority, please contact your local Rural Development Office for assistance. Grant award decisions are initially made at the State level. Projects not able to obtain funding through Rural Development State Offices may be submitted for national competition. RD Office Locater | More >>