PROGRAM DESCRIPTION: These are grants 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.
TYPE OF ASSISTANCE: There is no maximum dollar limit for any one project.
ELIGIBILITY REQUIREMENTS: Applicants are public bodies, non-profit associations, and Indian tribes. Projects must be in areas of less than 50,000 in population, where the unemployment rate exceeds the State rate, which have a median household income less than the State's total median household income by the 1990 Census, where the applicant has substantial experience in administering such programs, and where a specific industry is committed to locate on the site.
CONTACT: Applications are made at Rural Development Area offices.
For assistance, please contact the Area Office which serves the area you are interested in, or Bruce Pleasant, Business Programs Specialist. Mr. Pleasant can be reached at 919-873-2031 or email:bruce.pleasant@nc.usda.gov.
Please send any comments or suggestions to:
Rdwebmaster@usda.gov
Revised on: August 4, 2003