The U.S. Department of Agriculture (USDA) Rural Development is accepting applications for projects that promote economic development and job creation in rural areas.
Through the Rural Economic Development Loan and Grant (REDLG) Program, USDA provides zero-interest loans and some grant funds to rural utilities, which they in turn pass through to local businesses for projects that will retain or create employment opportunities in rural communities. The funding may be used to assist with business start-up and expansion costs; business incubators; feasibility studies; advanced telecommunications and computer networks for medical, educational, and job training services; and community facilities that spur economic development.
The maximum loan amount is $2 million, and the maximum grant amount is $300,000. Awards are made on a competitive basis to utilities that will relend the funds for local economic development efforts.
Applications must be received no later than 4:30 p.m. PST on the following dates:
- December 31, 2018 (second quarter)
- March 31, 2019 (third quarter)
- June 30, 2019 (fourth quarter)
In Oregon, applications should be sent to:
USDA Rural Development
ATTN: Curt Dixon
1220 SW 3rd Avenue
Portland, OR 97204
For questions, or to discuss a potential project, contact Curt Dixon, Business and Cooperative Programs Specialist, (541) 699-3188. For additional details on the program and how to apply, see page 57401 of the November 15, 2018, Federal Register.