USDA Rural Business Development Grant Program Funding Opportunity
OPPORTUNITY
USDA is making this funding available through the Rural Business Development Grant program to support business opportunities or business enterprise projects in rural communities.
DESCRIPTION
Business opportunity projects are used to identify and analyze business opportunities that will use local rural materials or human resources. These projects must be consistent with local and area-wide community and economic development strategic plans. Projects must also support other economic development activities in the project area. They may include establishing business support centers or financing job training and leadership development in rural areas. Enterprise projects include the repair or modernization of buildings, technical assistance such as feasibility studies or business plans, or equipment purchases for leasing to small or emerging businesses.
ELIGIBLE APPLICANTS
- Rural towns
- State agencies
- Federally Recognized Tribes
- School Districts
- Communities
- Public Institutions of Higher Education
- Non-Profits
- Authorities
COST SHARING OR MATCHING REQUIREMENT
Matching or cost sharing funds are not required for this grant.
FUNDING AVAILABLE AND APPLICATION WINDOW
FUNDING AVAILABLE: Agency anticipates that there will be $46 million available in 2023.
APPLICATION DEADLINE: February 28, 2023
Applications must be submitted in paper or electronic format to the USDA Rural Development State Office in the state where the project is located.
EXPECTED NUMBER OF AWARDS: 450
