Agricultural Under Secretary Lisa Mensah today announced that $5.8 million nationwide in competitive funding is available to help start, improve or expand cooperative businesses in rural areas.
“Cooperatives have long been a key resource for small and midsized producers working together to access new markets or to market value added products,” said Mensah. “This funding helps them continue their crucial role supporting farmers and other businesses that create jobs, provide services and improve the quality of life in rural America.”
José Otero-García, USDA Rural Development State Director for Puerto Rico indicated that the Rural Cooperative Development Grant Program (RCDG) provides funding to non-profit cooperative develop centers and institutions of higher learning. Grants may be awarded for up to $200,000 and matching funds are required equal to 25% of the total project cost. Examples of work that the Centers can do are: Conducting feasibility studies, developing business plans, providing leadership and operational improvement training, and facilitating strategic planning.
President Obama’s plan for the economic development of rural America has made historic investments creating stronger rural communities. Under the President’s leadership, the investments in housing, community facilities, businesses and infrastructure have empowered rural America to continue leading the way – strengthening America’s economy, small towns and rural communities.
For more information on how to apply for the RCDG grants please see the Federal Register of March 25, 2016 page 16127 or call Danna Quiles, Business & Cooperative Program Director at Puerto Rico State Office at (787) 766-5095 X 172, 173, 174 or 175. The first round of applications is June 20, 2016.