USDA Seeks Applications for Grants to Help Socially Disadvantaged Rural Businesses
TEMPLE, TEXAS, June 6, 2016 – USDA Rural Development Texas State Director Paco Valentin today announced that USDA is seeking applications for grants to provide assistance to socially-disadvantaged business groups in rural areas.
“One of USDA Rural Development’s missions is to provide support that will increase the economic conditions of rural communities,” said Valentin. “These grants allow eligible applicants to provide technical assistance to socially disadvantaged groups in the countryside and promote job creation and improve their operations.”
The Socially Disadvantage Groups (SDGG) provides funding grants for the program. USDA provides grants to local cooperatives and other organizations that provide technical assistance to socially disadvantaged groups in rural areas. Examples of technical assistance include providing leadership training, conducting feasibility studies and developing business and strategic plans.
Recipients eligible for these grants include groups of cooperatives, individual cooperatives and cooperative development centers that serve socially disadvantaged groups. Any area may have the organizations or development centers, but the groups have to be located in an eligible rural area to receive technical assistance. USDA is encouraging applications for projects in census tracts with poverty rates of 20 percent or higher.
USDA is making $3 million in grants available nationwide. The maximum award a recipient may receive is $175,000. National competition awards all grants. You can find more information on how to apply at page 36254 of the June 6, 2016, Federal Register. Applications are due on Friday, Aug 5, 2016, or electronically by Monday, August 1, 2016.
Since 2009, USDA Rural Development (@USDARD ) has invested $11 billion to start or expand 103,000 rural businesses. USDA has helped 1.1 million rural residents buy homes. They have funded nearly 7,000 community facilities such as schools, public safety, and health care facilities. Also, they have financed 185,000 miles of electric transmission and distribution lines, and helped bring high-speed Internet access to nearly 6 million rural residents and businesses. For more information, visit www.usda.gov/results.