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Rural Business Enterprise Grants. Grants are available to public bodies, nonprofit corporations, and Federally-recognized Indian Tribal groups to encourage the development of small and emerging rural business enterprises; the creation, expansion, and operation of rural distance learning networks; and to provide educational instruction or job training related to potential employment or job advancement for adult students. Grant funds may be used for the acquisition and development of land, construction of buildings, purchase of equipment, obtaining of needed technical assistance, start up capital in the form of a loan, establishment of revolving loan funds, refinancing, services and fees. Grants are also available to qualified nonprofit organizations for the provision of technical assistance and training to rural communities for the purpose of improving passenger transportation services or facilities.

Rural Business Opportunity Grants. Grants are made to public bodies, nonprofit corporations, Indian tribes, and cooperatives for training, planning, and technical assistance for rural economic development in unincorporated areas and rural towns of 10,000 or less population. Funds may be used to pay costs of providing technical assistance for rural business, economic planning for rural communities, or training for rural entrepreneurs or economic development officials.

Program Activity: Business Programs	FY 1998 ACTUAL	FY 1999 ACTUAL	FY 2000 ESTIMATE	FY 2001 ESTIMATE
Program Level	$1.305b	$1.365b	$1.022b	$1.431b

PERFORMANCE GOALS AND INDICATORS	FY 1998 ACTUAL	FY 1999 ACTUAL	FY 2000 TARGET	FY 2001 TARGET
Create or save jobs in rural area.
Number of jobs created or saved: B&I Guaranteed Loans B&I Direct Loans IRP Loans Rural Business Enterprise Grants Rural Economic Development Loan Rural Economic Development Grant	44,933 861 26,780 14,939 NA NA	36,507 1,163 25,245 11,464 3,783 1,677	25,800 2,200 29,300 10,800 3,700 600	36,800 2,200 49,300 12,700 3,700 600
Community economic benefits B&I Guaranteed Loans B&I Direct Loans IRP Loans Rural Business Enterprise Grants	$2,928m $52m $87.5m $93m	$3,109m $65.3m $82.5m $91m	$2,125m $125m $95.6m $86.5m	$3,125m $125m $161m $101.7m
IRP dollars lent by intermediaries/IRP dollars obligated to intermediaries (cumulative since Program inception)	71%	89.41%	75%	75%
Non-IRP funds leveraged for each dollar of IRP funds	$3.76	$3.76	$3.76	$3.76
Number of businesses benefitting from RBEG program	1,710	2,331	2,219	2,606
Non-RBE funds leveraged for each dollar of RBEG funds	$2.40	$2.40	$2.40	$2.40
Non-REDLG funds leveraged per dollar of program funds Loans Grants	$5.80 $3.30	$3.00 $3.00	$3.00 $3.00	$3.00 $3.00

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