Rural Business Development Grants

What: The Rural Business Development Grant is designed to provide technical assistance and training for small rural businesses. Small means that the business has fewer than 50 new workers and less than $1 million in gross revenue. Enterprise grants must be used on projects to benefit small and emerging businesses in rural areas. Eligible uses include training and technical assistance; activities associated with the acquisition and development of land; plants, machinery, and equipment; pollution control and abasement; the capitalization of revolving loan funds; distance adult learning for job training and advancement; rural transportation improvement; community economic development; technology-based economic development; feasibility studies and business plans; leadership and entrepreneur training; rural business incubators; and long-term business strategic planning.

Potential Applicants:

  • Rural public entities including, but not limited to:
    o Towns
    o Communities
    o State agencies
    o Authorities
    o Non-profit corporations
    o Institutions of higher education
    o Federally-recognized tribes
    o Rural cooperatives (if organized as a private non-profit corporation)

How Much: There is no maximum grant amount; however, smaller requests are given higher priority. There is no cost sharing requirement. Opportunity grants are limited to up to 10 percent of the total Rural Business Development Grant annual funding.

Deadline: February 28, 2022

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