USDA is making 5.6-million dollars available through the Rural Community Development Initiative to help rural businesses create jobs and spur economic development. U.S. Agriculture Secretary Tom Vilsack announced Wednesday that USDA is seeking applications for the funding. The deadline for submitting applications is November 12th. The applications must be submitted to the USDA Rural Development state office where the applicant’s headquarters are located.
According to USDA – qualified intermediary organizations receiving the grants will provide financial and technical assistance to recipients to develop their capacity to undertake housing, community facilities or community and economic development projects. Recipients will be non-profit organizations, low income rural communities or federally recognized tribes. The intermediary organizations are required to provide matching funds at least equal to the grant.
Source: USDA News Service