|(FEBRUARY 4, 2013) USDA ACCEPTING RURAL BUSINESS ENTERPRISE GRANT APPLICATIONS|
|Hilo, HI, Feb 04, 2013
@@USDA Rural Development is seeking applications for the Rural Business Enterprise Grant (RBEG) program. RBEG grants are available to eligible public bodies, private nonprofit corporations, and federally recognized Indian Tribal groups to finance and facilitate development of small and emerging private business enterprises located in any area other than a city or town that has a population of more than 50,000 and the urbanized area contiguous and adjacent to such a city or town.
"The RBEG program is designed to promote sustainable economic development for businesses in underserved rural communities throughout Hawaii and the Western Pacific," said Chris Kanazawa, USDA Rural Development State Director. "In addition, it is an excellent source of funding to enable public and non-profit organizations with the opportunity to leverage their resources to maximize the impact they make in the community."
RBEG funds may be used for technical assistance (providing assistance for marketing studies, feasibility studies, business plans, training, etc.) to small and emerging businesses, purchasing machinery and equipment to lease to a small and emerging business, creating a revolving loan fund (providing partial funding as a loan to a small and emerging business for the purchase of equipment, working capital, or real estate), or construct a building for a business incubator for a small and emerging business.
Last year the Hawaii / Western Pacific region was allocated $173,000 for the RBEG program (Hawaii - $123,000 Western Pacific - $50,000). As a result seven projects were selected to fund feasibility studies, technical assistance and training programs and a revolving loan fund. While the fiscal year 2013, funding level is not yet known, USDA Rural Development Hawaii anticipate its allocation to be similar to 2012 levels.
USDA Rural Development is issuing this announcement prior to passage of a final appropriations bill for fiscal year 2013 to allow potential applicants more time to leverage additional financing to their projects and to prepare their grant applications.
Applications for Hawaii / Western Pacific state RBEG funding consideration for fiscal year 2013 are due by close of business on May 1, 2013.
For more information about the rural business enterprise grants visit USDA Rural Development's website at http://www.rurdev.usda.gov/BCP_rbeg.html.
If you are interested in applying for RBEG funding, please contact one of the following Business Programs Specialists:
- Shirley Heatherly, email@example.com or (808) 483-8600, ext. 118 for Oahu, Kauai; and American Samoa
- Denise Oda, firstname.lastname@example.org or (808) 933-8323 for Hawaii County (West); and Western Pacific
- Lori Nekoba, email@example.com or (808) 933-8312 for Maui County, and Hawaii County (East);
- Anthony Barcinas, firstname.lastname@example.org or (671) 472-8567 for Western Pacific.
USDA, through its Rural Development mission area, has an active portfolio of more than $176 billion in loans and loan guarantees. 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.
USDA is an equal opportunity provider and employer. To file a complaint of discrimination, write: USDA, Office of the Assistant Secretary for Civil Rights, Office of Adjudication, 1400 Independence Ave., SW, Washington, DC 20250-9410 or call (866) 632-9992 (Toll-free Customer Service), (800) 877-8339 (Local or Federal relay), (866) 377-8642 (Relay voice users)