Wyoming
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BUSINESS AND INDUSTRY
The business and industry program provides direct and guaranteed loans for expansion and preservation of jobs in rural areas. The program can provide development credit in towns of 50,000 or less. Jobs produced in that manner will help people stay in their own communities and raise their standard of living in the rural environment. The program provides guarantees to commercial lenders who make credit available to establish or maintain businesses in rural areas. Loan funds may be used to purchase land, buildings, and equipment; working capital; and in certain cases to refinance debts. Priorities place special emphasis on saving existing jobs as well as creating employment opportunities.
INTERMEDIARY RELENDING PROGRAM
The purpose of the Intermediary Relending Program (IRP) is to finance business facilities and community development projects not within the outer boundary of any city having a population of 25,000 or more. This is achieved through loans made by Rural Business-Cooperative Programs to intermediaries that provide loans to ultimate recipients for business facilities and community development projects in a rural area.
RURAL BUSINESS ENTERPRISE GRANTS
Rural Development administers a program which makes grants to finance and facilitate development of small and emerging private business enterprises in rural areas or cities up to 50,000 population, with priority to applications for projects in open country, rural communities and towns of 25,000 and smaller and economically distressed communities. Rural Business Enterprise Grants include grants made to third party lenders to establish revolving loan programs. Eligibility is limited to public bodies and private nonprofit corporations. Public bodies include incorporated towns and villages, boroughs, townships, counties, states, authorities, districts, and Indian tribes on Federal and State reservations and other federally recognized Indian tribal groups in rural areas.
RURAL ECONOMIC DEVELOPMENT LOAN AND
GRANT PROGRAM
The Rural Economic Development Loan and Grant Program finances rural economic development and rural job creation projects that are based on sound economic and financial analyses. Loans and grants are made to Rural Utilities Programs (RUP) electric and telephone borrowers who use the funds to provide financing for business and community development projects. Loans are provided to finance a broad array of projects, including for-profit businesses. Grants are targeted to certain purposes such as community development assistance, education and training for economic development, medical care, telecommunications for education, job training or medical services, business incubators, and technical assistance. RUP borrowers may receive financing for grant purposes through either a loan or grant, or a combination loan and grant to establish a revolving loan fund.
RURAL COOPERATIVE DEVELOPMENT GRANTS
Grants will be made available to non-profit corporations and institutions of higher education for the purpose of establishing and operating centers for rural cooperative development.
COOPERATIVE SERVICES
RBP provides a wide range of services including assistance for people interested in forming new cooperatives, technical assistance to existing cooperatives facing specific problems or challenges, and research assistance for cooperatives dealing with changing markets and business trends.
For assistance contact Nancy Veres Clarke, Business Programs Director at 307-233-6717 or by E-mail to the Business Programs Director:: nancy.clarke@wy.usda.gov
Please send any comments or suggestions to:
wywebmaster@wy.usda.gov
Revised on:
September 29, 2010
