DENVER, Colo., Jan. 11, 2022 – USDA Rural Development is accepting applications to support economic development and create jobs for people in rural America through the Rural Business Development Grant program. The program supports business opportunity and enterprise projects in rural communities.
“Economic development and job creation are essential components to building healthy and prosperous rural communities. These grants can fund an array of activities in our rural areas. They provide an opportunity to help support and develop small rural businesses across Colorado with technical assistance, training, and job-creation activities,” said Armando Valdez, USDA Rural Development Colorado State Director.
Eligible entities are rural towns, communities, state agencies, authorities, nonprofits, federally recognized tribes, public institutions of higher education and non-profit cooperatives.
Business opportunity projects are used to identify and analyze business opportunities that will use local rural materials or human resources. Such projects must be consistent with any local and area-wide community and economic development strategic plans and are used to support other economic development activities in the project area. Projects include the establishment of business support centers or to finance job training and leadership development in rural areas.
Funding for business enterprise projects must be used to finance or develop small and emerging businesses in rural areas. Enterprise projects include the repair or modernization of buildings, technical assistance to a small business such as feasibility studies or business plans, or an equipment purchase for leasing to a small or emerging business.
Applications must be postmarked by Feb 28, 2022 or delivered to a Rural Development office by 4 pm on that date. Applicants are encouraged to submit applications before the deadline so that they can be reviewed for completeness. For additional information on Colorado projects, contact Jessica Akers, Business Programs Loan Specialist, email@example.com.
Under the Biden-Harris Administration, USDA Rural Development provides loans and grants to help expand economic opportunities, create jobs, and improve the quality of life for millions of Americans in rural areas. This assistance supports infrastructure improvements; business development; housing; community facilities such as schools, public safety and health care; and high-speed internet access in rural, tribal and high-poverty areas. For more information in Colorado, visit www.rd.usda.gov/co.