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Find similar grantsRural Economic Development Loan and Grant (REDLG) Programs is sponsored by U.S. Department of Agriculture, Rural Business-Cooperative Service. This program provides financing to eligible Rural Utilities Service (RUS) electric or telecommunications borrowers (Intermediaries) to promote rural economic development and job creation projects.
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Document Type:Grants Notice Funding Opportunity Number:RD-RBCS-24-REDLG Funding Opportunity Title:Rural Economic Development Loan and Grant Opportunity Category:Discretionary Opportunity Category Explanation: Funding Instrument Type:Other Category of Funding Activity:Agriculture Expected Number of Awards:40 Assistance Listings:10.
854 -- Rural Economic Development Loans and Grants Cost Sharing or Matching Requirement:Yes Last Updated Date:Dec 18, 2023 Original Closing Date for Applications:Jun 30, 2024 The deadlines for complete applications to be received in the USDA Rural Development State Office for quarterly funding competitions are no later than 4:30 p. m.
(local time) on: First Quarter, September 30, 2023; Second Quarter, December 31, 2023; Third Quarter, March 31, 2024 and Fourth Quarter, June 30, 2024. Current Closing Date for Applications:Jun 30, 2024 The deadlines for complete applications to be received in the USDA Rural Development State Office for quarterly funding competitions are no later than 4:30 p. m.
(local time) on: First Quarter, September 30, 2023; Second Quarter, December 31, 2023; Third Quarter, March 31, 2024 and Fourth Quarter, June 30, 2024.
Estimated Total Program Funding: Eligible Applicants:Others (see text field entitled "Additional Information on Eligibility" for clarification) Additional Information on Eligibility: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. ## Additional Information Agency Name:Rural Business-Cooperative Service Description: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. Link to Additional Information:REDLG Program Web Site Grantor Contact Information:If you have difficulty accessing the full announcement electronically, please contact:
According to the current listing, eligibility includes: Current Rural Utilities Service (RUS) electric or telecommunication borrowers, former RUS borrowers, or any not-for-profit utility eligible to receive an insured or direct loan under the Rural Electrification Act. Confirm the full requirements in the official notice before applying.
The current listing shows maximum Grant Amount: $300,000; Maximum Loan Amount: $1 million. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Rural Economic Development Loan and Grant (REDLG) Programs is funded by U.S. Department of Agriculture, Rural Business-Cooperative Service. Verify program details on the funder's official page before applying.
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