USDA RD Rural Business Development Grants

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Posted on 12/06/2016 by VLCT Communications

 

The application period for Rural Business Development Grants (RBDGs) is now open. RBDGs support targeted technical assistance, training, and other activities leading to the development or expansion of small and emerging private businesses in rural areas that have fewer than 50 employees and less than $1 million in gross revenues. RBDG funds must be directed for projects benefitting rural areas or towns outside the urbanized periphery of any city with a population of 50,000 or more. There is no maximum grant amount for enterprise or opportunity type grants; however, smaller requests are given higher priority. Generally, grants range from $10,000 up to $500,000. There is no cost sharing requirement. Total opportunity type grant funding is limited statutorily to up to 10% of the total RBDG annual funding.

 

More information and links to applications and requirements are on the USDA Rural Development website.