Description
The Rural Business Development Grant (RBDG) program is designed to promote economic development and job creation projects in rural areas. The program provides grant funds to eligible entities, including rural public entities, nonprofit corporations, and institutions of higher education, to support various business and community projects. The program has two separate categories: business opportunity grants and business enterprise grants.
• The program aims to support small rural businesses with fewer than 50 new workers and less than $1 million in gross revenue.
• The program provides technical assistance and training to support business development and job creation.
• Eligible applicants include rural public entities, nonprofit corporations, and institutions of higher education.
• The program has a submission deadline of February 28, 2024.
• The program is expected to award 450 grants.