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Find similar grantsRural Economic Development Loan & Grant Program (REDLG) is sponsored by USDA Rural Utilities Service (Administered through local utility organizations). This program provides funding to rural projects through local utility organizations.
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gov Maintenance Calendar Rural Economic Development Loan and Grant Department of Agriculture Rural Business-Cooperative Service 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: #### Health & Human Services * Frequently Asked Questions ## Your session will expire in 3 minutes. To continue working, click on the "OK" button below.
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According to the current listing, eligibility includes: Local utility organizations (current or former Rural Utilities Service electric or telecommunication borrowers, or eligible not-for-profit utilities) may apply. Confirm the full requirements in the official notice before applying.
The current listing shows up to $300,000 (grant to establish Revolving Loan Fund); up to $1 million (loan to ultimate recipient). Verify award ceilings, matching requirements, and allowable costs in the official notice.
Rural Economic Development Loan & Grant Program (REDLG) is funded by USDA Rural Utilities Service (Administered through local utility organizations). Verify program details on the funder's official page before applying.
Yes — this listing is flagged as national in scope, so applicants across the U.S. may apply, subject to the sponsor's other eligibility criteria.
Applications go through the funder's official portal — the Apply Now link on this page goes there directly.
Past winners and funding trends for this program
Rural Economic Development Loan & Grant Programs (Grant portion) is sponsored by USDA Rural Utilities Service (Administered through local utility organizations). Provides grants to local utility organizations to establish Revolving Loan Funds (RLF). Loans are then made from the RLF to projects that create or retain rural jobs, including community development assistance to nonprofits and public bodies for job creation or enhancement.
Rural Economic Development Loan & Grant Program is sponsored by USDA Rural Utilities Service (Administered through local utility organizations). This program provides funding for rural projects through local utility organizations. USDA provides zero-interest loans or grants to local utilities, which they, in turn, pass through to local businesses for projects that will create and retain employment in rural areas.
The Rural Economic Development Loan and Grant Program's fourth-quarter FY26 deadline lands on June 30, 2026 — the last shot at REDLG capital this fiscal year. With $50 million in zero-interest loans and $10 million in grants available annually, REDLG is structurally unlike any other USDA Rural Development instrument: rural electric and telecommunications utilities apply on behalf of an ultimate rural business recipient, and the utility passes the federal funding through at zero or near-zero cost. Here is what eligible projects look like, why the intermediary structure quietly favors a specific applicant profile, and what to do before the next cycle opens in FY27.
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