Rural Development Grants Will Foster Economic Development In 24 States
Economic development grants of $6.3 million in 24 states have been announced by the U.S. Department of Agriculture (USDA).
The cooperative development grant program Administered through USDA Rural Development, the cooperative development grants were awarded on a competitive basis and are intended to foster rural cooperative development through projects that provide rural residents with education and technical assistance in areas of cooperative startup, marketing and managing, and other self-help tools.
Funding of selected applicants will be contingent upon meeting the conditions of the grant agreements.
USDA Rural Development’s mission is to deliver programs in a way that will support increasing economic opportunity and improve the quality of life of rural residents.
As a venture capital entity, Rural Development provides equity and technical assistance to finance and foster growth in homeownership, business development, and critical community and technology infrastructure.