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Rural Economic Development Loan & Grant Program
- Open Now
Open Date:
Close Date:
Eligible Recipients:
- Public Utility Entity
Program Purpose:
- Economic Development
Reserved for Energy
Communities?
Upcoming Milestones:
Bureau/Office:
Funded by:
Overview
The Rural Economic Development Loan and Grant program provides funding for rural projects through local utility organizations. USDA provides zero-interest loans to local utilities which they, in turn, pass through to local businesses (ultimate recipients) for projects that will create and retain employment in rural areas. The ultimate recipients repay the lending utility directly. The utility then is responsible for repayment to USDA. USDA provides grants to local utility organizations which use the funding to establish Revolving Loan Funds (RLF). Loans are made from the revolving loan funds to projects that will create or retain rural jobs. When the revolving loan fund is terminated, the grant is repaid to USDA. The Agency anticipates the following maximum amounts per award:
- Loans: $2,000,000
- Grants: $300,000
Related Resources
Additional information is available on the Resources page.Funding Details
Funding Source:
- Annual Appropriation
Funding Type:
Total Amount Available:
Limit per Applicant:
Estimated Awards:
Applicant Guidance
Contact Information
Cindy Mason, Program Manager
cindy.mason@usda.gov