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"Rural Economic Development Loan and Grant Programs (REDLG)" is currently closed and not accepting applications.
Rural Economic Development Loan and Grant Programs (REDLG) is sponsored by U.S. Department of Agriculture (USDA), Rural Business-Cooperative Service (RBCS). These programs provide funding for rural projects through local utility organizations. USDA offers zero-interest loans to local utilities, which they then pass through to local businesses for projects that create and retain employment in rural areas.
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Rural Economic Development Loan and Grant program (REDLG) – US Ignite Rural Economic Development Loan and Grant program (REDLG) – US Ignite Data Standards & Policies US Department of Agriculture (USDA) Rural Business-Cooperative Service March 31, 2023, and June 30, 2023 Up to $300,000 in grants may be requested to establish the RLFUp to 10% of grant funds may be applied toward operating expenses over the life of the RLFUp to $2 million in loans may be requested Loans: $38.
6 million; Grants: $9. 2 million. RFP Summary provided by the agency 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 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 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.
What is the mission and focus of the program: research, social, economic or others?
Economic, Social, Business incubators Community development assistance to nonprofits and public bodies (particularly for job creation or enhancement) Facilities and equipment to educate and train rural residents to facilitate economic development Facilities and equipment for medical care for rural residents Start-up venture costs, including, but not limited to, financing fixed assets such as real estate, buildings, equipment or working capital How do you submit to this opportunity?
Applications for this program are accepted through your local office year round. Who are the target applicants: cities, universities, companies, small business, nonprofits, or others? To receive funding (which will be forwarded to selected eligible projects) an entity must be: A former Rural Utilities Service borrower who borrowed, repaid or pre-paid an insured, direct or guaranteed loan.
Nonprofit utilities that are eligible to receive assistance from the Rural Development Electric or Telecommunication Programs. Current Rural Development Electric or Telecommunication Programs borrowers. Intermediaries may use funds to lend for projects in rural areas or towns with a population of 50,000 or less.
Example project(s) summaries from past RFPs: Loogootee Public Library award of $1,134,800. This Rural Development investment will be used to construct a new public library for the townships of Rutherford and Perry in the City of Loogootee. The library is working with Work One to have an office provided to assist residents looking for work opportunities through the State’s outreach center.
The Library has the potential to bring on additional employees if circulation continues to increase. Having a better designed library, as well as having the WorkOne center, will improve the lives of the residents of Rutherford and Perry Townships by having access to cultural, educational, and economic development resources. The schools in the area will have another resource to utilize with their students.
The population of this rural area is 5,853 residents. https://www. rd.
usda. gov/files/USDARD_CFDirectLoansNRChart07_23_18. pdf We’re here to help and advise.
According to the current listing, eligibility includes: Only current or former Rural Utilities Service (RUS) electric or telecommunication borrowers, and not-for-profit utilities eligible under the Rural Electrification Act, may apply. Confirm the full requirements in the official notice before applying.
The current listing shows maximum Grant Amount: $300,000 to establish a Revolving Loan Fund. Maximum Loan Amount: $1 million. Verify award ceilings, matching requirements, and allowable costs in the official notice.
The published deadline was June 30, 2026, which has passed. Check the official notice for any future application windows before investing time in a proposal.
Rural Economic Development Loan and Grant Programs (REDLG) is funded by U.S. Department of Agriculture (USDA), Rural Business-Cooperative Service (RBCS). Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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