Vermont Business Magazine Xochitl Torres Small, U.S. Department of Agriculture (USDA) Under Secretary for Rural Development, announced that the USDA is accepting applications to support economic development and create jobs for people in rural America.
USDA makes this funding available under its Rural Business Development Grant program to support business opportunities and corporate projects in rural communities. Eligible entities are local towns, communities, state agencies, authorities, non-profit organizations, federally recognized tribes, public institutions of higher education, and non-profit cooperatives.
Business Opportunity Projects are used to identify and analyze business opportunities that use local, provincial materials and personnel. These projects should be aligned with the strategic planning of community and economic development for the region and the region as a whole. The project should also support other economic development activities within the project area. This may include setting up business support centers and funding vocational training and leadership development in rural areas. Corporate projects include building repairs and modernizations, technical assistance such as feasibility studies and business plans, and equipment purchases for lease to small businesses and start-ups.
In fiscal 2023, USDA will fund a portion of the funds to federally recognized Native American tribes, Rural Empowerment Zones/Enterprise Communities/Rural Economic Regional Partnerships, and areas of persistent poverty (including Native American communities). projects located in and Strategic Economic Community Development (SECD) projects. Eligible applicants for the Persistent Poverty and SECD Provident Funds must demonstrate that 100% of the profits of approved grants will support beneficiaries in designated areas.
Grant applications, including all pending funding, must be submitted in paper or electronic form to the USDA Rural Development State Office in the state where the project is located by 4:30 PM local time on February 28, 2023. there is. For more information, visit Grants.gov or see page 71571 of the November 23, 2022 Federal Register.
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USDA is an equal opportunity provider, an employer, and a lender.
USDA Rural Development encourages applicants to consider projects that advance key priorities under the Biden Harris administration and help rural America rebuild better and stronger. I’m here. Key priorities include creating new and better markets, addressing the impacts of climate change, and promoting equity in rural America. For more information, please visit https://www.rd.usda.gov/priority-points.
Washington, November 23, 2022 – USDA