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News Release
Release No. STELPRD4011405
ContactAngela Kiker(254)742-9751
Printable Version  Printable Version
USDA RURAL DEVELOPMENT SEEKS APPLICANTS FOR GRANTS TO ASSIST RURAL COOPERATIVES AND BUSINESSES TO SPUR JOB CREATION

Temple, Texas, Jun 13, 2011 -- USDA Rural Development is accepting applications for grants to help rural businesses create jobs through cooperative development centers.

“USDA Rural Development’s mission is to provide assistance that will increase the economic conditions of rural communities,” said Paco Valentin, USDA Rural Development Texas State Director. “By providing these grants, we will benefit technical and educational assistance available to rural business owners through cooperative development centers and in turn, promote job creation and improve rural business operations.”

Under the RCDG program, grants of up to $225,000 may be awarded to colleges, universities and non-profit groups to create and operate centers that help individuals or groups establish, expand or operate rural businesses, especially cooperatives. Grants may be used to conduct feasibility studies, create and implement business plans, and help businesses develop new markets for their products and services.

Through this notice, USDA may award up to $7.4 million in grants. Funds may finance up to 75 percent of the cost of establishing and operating the cooperative centers. Recipients must match 25 percent of the total project cost. Applications are due July 22, 2011. For more information, see page 32943 of the June 7 Federal Register, http://www.gpo.gov/fdsys/pkg/FR-2011-06-07/pdf/2011-13927.pdf.

USDA, through its Rural Development mission area, administers and manages housing, business and community infrastructure and facility programs through a national network of state and local offices. These programs are designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America. Rural Development has an existing portfolio of more than $150 billion in loans and loan guarantees. Visit http://www.rurdev.usda.gov for additional information about the agency's programs or to locate the USDA Rural Development office nearest you.

Last Modified:05/22/2012 
 
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