Vermont Business Magazine US Department of Agriculture (USDA) Undersecretary for Rural Development (USDA), Xochitl Torres Small, has announced that the USDA is accepting applications to support economic development and job creation for people in rural America.
The USDA makes these funds available through the Rural Business Development Grant program to support business opportunities or corporate projects in rural communities. Eligible entities include rural cities, communities, government agencies, agencies, nonprofit organizations, state-approved tribes, public colleges, and nonprofit cooperatives.
Business opportunity projects are used to identify and analyze business opportunities that utilize local rural materials or human resources. These projects must be consistent with strategic plans for local and area-wide community and economic development. The projects must also support other economic development activities in the project area. They may include setting up business support centers or funding vocational training and leadership development in rural areas. Business projects include repairing or upgrading buildings, providing technical assistance such as feasibility studies or business plans, or purchasing equipment for leasing to small or emerging businesses.
In fiscal 2023, the USDA anticipates that a portion of the funds will be dedicated to federally recognized Native American tribes, rural empowerment zones/business communities/rural economic area partnerships, projects in areas of persistent poverty (including those of Native Americans), and strategic economic development projects. and Community Development (SECD). Eligible applicants for the Persistent Poverty and SECD Retirement Funds must demonstrate that 100% of the benefits of an approved grant accrue to beneficiaries in the designated areas.
Applications for grants, including any funds set aside, must be submitted in paper or electronic form to the USDA Land Development Office for the state where the project is located by 4:30 p.m. local time on February 28, 2023. For more information, see Grants.gov or page 71571 of the Federal Register dated November 23, 2022.
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USDA is an equal opportunity provider, employer and lender.
USDA Rural Development encourages applicants to consider projects that advance the Biden-Harris administration’s top priorities to help rural America rebuild better and stronger. Key priorities include creating new and better markets, combating the effects of climate change and promoting justice in rural America. For more information, see https://www.rd.usda.gov/priority-points
WASHINGTON, Nov. 23, 2022 — USDA