Grants / Department of Agriculture / Rural Business-Cooperative Service

RD-RBCS-23-REDLG: Rural Economic Development Loan and Grant

Closed Closed June 30, 2023 Opportunity RD-RBCS-23-REDLG ☆ Save

This grant is closed. Who won this program's grants before is below, and similar open grants are at the end of the page. It is in our archive of Rural Business-Cooperative Service notices from 2022.

• Award ceiling$2.0 million
• Expected awards40
• Cost sharingRequired
• Funding typeOther

Key dates

Who can apply

This opportunity was open to the applicants described in the notice.

• Others (see text field entitled "Additional Information on Eligibility" for clarification)

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.

Is this a realistic fit?

• Past Rural Economic Development Loans and Grants awards averaged $277,780; this notice allows up to $2.0 million per award.
• The notice requires cost sharing or matching funds, so you must contribute part of the project cost.

What the grant funds

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.

Category: Agriculture, Business and Commerce, Community Development, Education, Health, Regional Development.

Applying now

This notice no longer takes applications. Agencies often post the same opportunity again under a new number, so check the program's notices on Grants.gov and the similar open grants below.

The notice on Grants.gov keeps its full text and attachments, which is useful for planning a resubmission.