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Rural Economic Development Loan & Grant Programs (REDLG) is sponsored by USDA Rural Utilities Service (RUS). These programs provide funding for rural projects through local utility organizations. USDA provides zero-interest loans to local utilities, which they pass through to local businesses for projects that create and retain employment in rural areas.
USDA also provides grants to local utility organizations to establish Revolving Loan Funds (RLF) for job creation and retention. Funds can be used for community development assistance to nonprofits and public bodies, particularly for job creation or enhancement, and for facilities and equipment to educate and train rural residents.
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Funding Details: Rural Economic Development Loan and Grant Program (REDL and REDG) - Rural Health Information Hub Rural Economic Development Loan and Grant Program (REDL and REDG) Catalog of Federal Domestic Assistance Number: U.S. Department of Agriculture, USDA Rural Development Development State Office contacts The Rural Economic Development Loan and Grant Program (REDL and REDG) is designed to promote rural economic development and job creation projects.
REDLG provides funding to rural projects through local utility organizations.
Examples of eligible projects Facilities and equipment for medical care to rural Start-up venture costs, including, but not limited to financing fixed assets such as real estate, buildings, equipment, or working capital Community development assistance to nonprofits and public bodies (particularly job creation or enhancement) Facilities and equipment for education and training for rural residents to facilitate economic development Eligible applicants include: Any former Rural Utilities Service borrower who borrowed, repaid or pre-paid an insured, direct, or guaranteed loan under the Rural Electrification Act Nonprofit utilities that are eligible to receive assistance from the Rural Development Electric or Telecommunication Programs Current Rural Utilities Services, electric or telecommunication borrower Up to 10% of grant funds may be applied toward operating expenses over the life of a revolving loan fund.
Entities wishing to apply for assistance should contact Development State Office contacts to receive further information and copies of the application package. · Community and economic development · Technology for health and human services U.S. Department of Agriculture, For complete information about funding programs, including your application status, please contact funders directly. Summaries are provided for your convenience only.
RHIhub does not take part in application processes or monitor application status.
According to the current listing, eligibility includes: Current or former Rural Utilities Service (RUS) electric or telecommunication borrowers, or any not-for-profit utility eligible to receive an insured or direct loan under the Rural Electrification Act. Nonprofits can be ultimate recipients of funds passed through by eligible utilities. Projects must be in rural areas or towns with a population of fewer than 50,000 residents. Confirm the full requirements in the official notice before applying.
The current listing shows grants up to $300,000; Loans up to $1,000,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Rural Economic Development Loan & Grant Programs (REDLG) is funded by USDA Rural Utilities Service (RUS). 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 Program is sponsored by USDA Rural Utilities Service (RUS). This program provides 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.
Rural Economic Development Loan & Grant Programs is sponsored by USDA Rural Utilities Service (RUS). These programs provide funding for rural projects through local utility organizations. USDA offers zero-interest loans to local utilities, which are then passed through to local businesses for projects that create and retain employment in rural areas.
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