Huron, SD, Jan 22, 2014 -- USDA Rural Development is seeking applications for the Rural Business Enterprise Grant (RBEG) program. RBEG’s are available to public bodies, non-profit entities and Indian Tribes who desire to finance and facilitate the development of small and emerging private business enterprises in rural areas. Grants may be used for technical assistance, establishment of small business revolving loan funds and the acquisition of land, buildings, and infrastructure to enhance business development.
Grants focused on revolving loan funds, assistance to Native Americans, or multistate projects are encouraged. Grants are only eligible for projects that assist rural communities. Rural is defined as communities and cities with a population of less than 50,000. Applications submitted are selected based on a competitive scoring process. Applicants wishing to be considered for Native American funds should be submitted by March 15, 2014. All other applications should be submitted by April 15, 2014 in order to be considered for 2014 funding. Please note that applications need to be reviewed at the local level and should be sent in 30 days prior to the dates noted above.
Priority will be given to application requests of less than $100,000. Additionally, eligible initial applications will receive discretionary points for projects that support the agency and department goals in the following categories:
* Local food systems and value-added agriculture
* Renewable energy
* Great regions: multi-county or multi-state projects that will establish best practices in the
area of regional economic and community development
* Support of cooperatives
* Underserved populations: minority and women-owned businesses
* Ecosystem market projects
* Access to capital markets
In Fiscal Year 2013, Rural Development awarded 2 grants totaling $137,000 with the South Dakota state allocated funds. Additionally, 2 grants totaling $542,155 were funded from National Office Native American earmarked funds. While the Fiscal Year 2014 funding level is not yet known, USDA Rural Development South Dakota expects its allocation to be around $140,000, with additional funds available for Native American projects.
USDA Rural Development is issuing this announcement prior to the dissemination of an appropriations bill for Federal Fiscal Year 2014 to allow potential applicants more time to leverage additional financing for their projects and to prepare their grant applications.
For more information on the RBEG program visit: http://www.rurdev.usda.gov/BCP_rbeg.html.
For more information on this program, to discuss a proposed project or to obtain an application template, please contact one of the following Business Program Specialists:
* Clark Guthmiller, email@example.com or 605-224-8870 extension 4 or Pamela Smith, firstname.lastname@example.org or 605-342-0301 extension 4 – serving Bennett, Butte, Campbell, Corson, Custer, Dewey, Fall River, Haakon, Harding, Hughes, Jackson, Jones, Lawrence, Meade, Mellette, Pennington, Perkins, Potter, Shannon, Stanley, Sully, Todd, Walworth, and Ziebach Counties.
* Darlene Bresson, email@example.com or 605-886-8202 extension 4; Dave Franssens, firstname.lastname@example.org or 605-330-4515 extension 4; or Gary Wedel, email@example.com or 605-996-1564 extension 4 - serving Autora, Beadle, Brookings, Brown, Brule, Charles Mix, Clark, Clay, Codington, Davison, Day, Deuel, Douglas, Edmunds, Faulk, Grant, Gregory, Hamlin, Hand, Hanson, Hutchinson, Hyde, Jerauld, Kingsbury, Lake, Lincoln, Lyman, Marshall, McCook, McPherson, Miner, Minnehaha, Moody, Roberts, Sanborn, Spink, Tripp, Turner, Union, and Yankton Counties.
President Obama’s plan for rural America has brought about historic investment and resulted in stronger rural communities. Under the President's leadership, these investments in housing, community facilities, businesses and infrastructure have empowered rural America to continue leading the way – strengthening America's economy, small towns and rural communities. USDA's investments in rural communities support the rural way of life that stands as the backbone of our American values.