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Rural Business Enterprise Grants
Rural Business Enterprise Grants are for financing and developing small and emerging private businesses with less than $1 million in revenues, and which will have fewer than 50 new employees. There is no maximum dollar limit for any one project. Funds can be used for technical assistance, revolving loan program, incubator/industrial buildings, and industrial park improvements. |
Program Details
| How much are the grants? |
There is no maximum level of grant funding.
However, smaller projects are given higher priority. Generally
grants range from $10,000 up to $500,000. |
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Who is
eligible? |
Applicants are non-profit associations, Indian
Tribes, or public bodies and applicants must fulfill the specified population
and income requirements. For-profit businesses and
organizations are not eligible. |
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| What
is the definition of rural? |
Rural is defined as any area other than a city or
town that has a population of greater than 50,000 and the urbanized
area contiguous and adjacent to such a city or town according to the
latest decennial census. At least 51 percent of the
outstanding interest in any project must have membership or be owned
by U.S. citizens or resident aliens. |
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| What types of projects are
eligible? |
The RBEG program is a broad based program that
reaches to the core of rural development in a number of ways.
Examples of eligible fund use include: Acquisition or
development of land, easements, or rights of way; construction,
conversion, renovation of buildings, plants, machinery, equipment,
access streets and roads, parking areas, utilities; pollution
control and abatement; capitalization of revolving loan funds
including funds that will make loans for start ups and working
capital; training and advancement; rural transportation improvement;
and project planning. Any project funded under the RBEG
program should benefit small and emerging private businesses in
rural areas. Small and emerging private businesses are those
that will employ 50 or fewer new employees and have less than $1
million in projected gross revenues. |
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Key RBEG Initiatives |
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