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To be eligible for a USDA Rural Business Development Grant, businesses must have 50 workers and less than $1 million in gross revenue. ... Applying requires completing an online form, producing a ...
A funding opportunity announcement (FOA) is a notice in Grants.gov of a U.S. federal grant funding opportunity. Funding opportunity announcements can be found at Grants.gov/FIND and this website lets organizations apply for grants for over 1,000 grant programs from 26 federal agencies.
The Rural Development Administration (RDA) was a USDA agency established by the 1990 farm bill (P.L. 101-624, Sec. 2302), amending the Consolidated Farm and Rural Development Act of 1972 (7 U.S.C. 1921 et seq.), to administer FmHA community and business programs and other USDA rural development programs.
In particular, this assistance comes in three areas: business, utilities, and housing. The Under Secretary for Rural Development oversees loans, grants, and technical assistance to rural residents, communities, and businesses. With the rank of Under Secretary, the USDA(RD) is a Level III position within the Executive Schedule. [1]
These are "lender-driven" programs, whereby business loans (generally made by commercial banks) receive a Federal loan guarantee. The guarantee is designed to support and incentivize rural business lending and to support rural job creation and retention. The primary program in this category is the Business & Industry (B&I) guaranteed loan program.
Section 504 loans and grants are a USDA rural housing repair program authorized under Section 504 of the Housing Act of 1949. Under current regulations, rural homeowners with incomes of 50% or less of the area median may qualify for the Rural Housing Service (RHS) direct loans to repair their homes. Loans are limited to $20,000 and have a 20 ...
The Rural Business Investment Program, established by the 2002 farm bill, (P.L. 107–171, Sec. 6029), guarantees the funds raised by companies that make equity investment in rural businesses, with an emphasis on smaller businesses. The program is modeled after the SBA Small Business Investment Program. (7 U.S.C. 2009cc).
The Rural Community Advancement Program is a program established by the 1996 farm bill (P.L. 104-127, Sec. 761) under which USDA is authorized to provide state rural development block grants, direct and guaranteed loans, and other assistance to meet rural development needs across the country. Program funding is allocated to three accounts: (1 ...
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