March 14, 2011
Last week the USDA announced new awards under the Rural Microentrepreneur Assistance Program (RMAP). A component of the agency’s Rural Development work since passage of the 2008 Farm Bill, RMAP awards loans and grants to Microenterprise Development Organizations (MDOs). These MDOs then use their RMAP funds to provide training and technical assistance to and to provide microloans to new and existing entrepreneurs with very small businesses in rural communities.
Eight organizations in seven states were awarded a total of $2.65 million in loans and nearly $580,000 in grants. The awardees are as follows:
There are now 83 RMAP projects in 38 different states. The dozen states without MDOs with RMAP funding as of yet are AL, AK, CT, NH, LA, DE, IN, NM, ND, RI, UT, and VT. States with four or more projects include CA, IL, ME, PA,SD, VA, and WI.
USDA’s website on RMAP can be viewed here.