June 12, 2012
On Tuesday, June 12, 2012, Agriculture Secretary Tom Vilsack announced USDA’s Rural Cooperative Development Grants (RCDG) and Rural Business Opportunity Grant (RBOG) programs are accepting applications. Both of these programs seek to spur growth and create jobs in rural communities.
Rural Cooperative Development Grants (RCDG)
USDA may award up to $5.8 million in this FY12 RCDG grant cycle. Grants may be used to establish and operate centers for cooperative development to improve the economic condition of rural areas by developing new cooperatives and enhancing operations of existing cooperatives. Non-profit corporations and higher education institutions can apply for RCDG to conduct feasibility studies, create and implement business plans, and develop new markets for products and services.
These one-year grants may be awarded up to $175,000. Grants may cover up to 75 percent of the project, with the recipients required to match 25 percent of the award amount.
Rural Business Opportunity Grant (RBOG)
USDA will offer nearly $2.37 million in RBOG grants to promote sustainable economic development in rural communities and regions with exceptional needs. Rural public bodies, nonprofit corporations, Native American tribes, institutions of higher education, and cooperatives with primarily rural members may apply for RBOG funding.
RBOG funds can be used in rural areas for community economic development, technology-based economic development, feasibility studies and business plans, leadership and entrepreneur training, rural business incubators and long-term business strategic planning.
Grants may be made of up to $50,000, with no required match.
A previous NSAC post highlights four RBOG recipients in 2011.