Rural Business Development Grant Program

Applications Due: Closed
Federal
U.S. Department of Agriculture (Rural Business-Cooperative Service )

This program provides funding to public bodies, nonprofit organizations, and government entities to support economic development and job creation initiatives in rural areas with populations under 50,000.

Description

The **Rural Business Development Grant (RBDG)** program, administered by the U.S. Department of Agriculture (USDA) Rural Development, supports projects that promote economic development and job creation in rural areas. This grant offers funding for business opportunity and enterprise projects benefiting towns and areas outside urban peripheries with populations under 50,000. The application window for FY 2025 closes at 4:30 p.m. local time on **February 28, 2025**.

Eligible applicants include public bodies, government entities, federally recognized Indian Tribes, and nonprofit organizations serving rural areas. For-profit entities, individuals, and businesses are not eligible. Applicants can use RBDG funding for community and economic development initiatives, technical assistance, feasibility studies, strategic planning, training, and infrastructure projects that support rural small and emerging businesses.

RBDG applications are divided into two funding categories: **Enterprise grants** and **Opportunity grants**. Enterprise grants focus on direct support for rural businesses, including training, market research, construction, pollution control, and revolving loan fund capitalization. Opportunity grants, which account for up to 10% of the annual funding, are used for broader economic development, feasibility studies, and entrepreneurial training.

Applications are evaluated based on job creation potential, local economic needs, alignment with economic development priorities, commitment of non-federal funding, and the applicant's experience with similar projects. Additional factors and requirements are detailed in the program’s **Notice of Solicitation of Applications (NOSA)**.

Applications must be submitted to USDA Rural Development state or local offices. Applicants are encouraged to review state-specific timelines and requirements. Assistance and guidance can be obtained by contacting the local USDA RD office. The program is governed by the **Consolidated Farm and Rural Development Act** and detailed in **7 CFR Part 4280, Subpart E**.

This program aims to boost economic growth and enhance the quality of life in rural America by providing crucial support to businesses and communities striving to thrive in smaller, underserved areas.

Eligibility

States
All
Regions
All
Eligible Entities
State governments, County governments, City or township governments, Public and State controlled institutions of higher education, Native American tribal organizations, Nonprofits, Private institutions of higher education

Funding

Program Funding
Award Ceiling
Award Floor
Award Count
450

Timing

Posted Date
October 21, 2024
App Status
No Longer Accepting Applications
Pre-app Deadline
Application Deadline
February 28, 2025

Funder

Funding Source
Source Type
Federal
Contact Name
Cindy Mason
Contact Email
Contact Phone

Why Organizations Trust GrantExec

$78.81B
Available Funding
7,151
Active Grants
224
New Grants Analyzed This Week