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USDA Seeks Applications for Rural Economic Development Loans and Grants

Name
Vicki Schurman
City
Lincoln
Release Date

United States Department of Agriculture’s (USDA) Under Secretary Lisa Mensah has announced that the department is seeking applications from eligible applicants to undertake economic development and job creation projects and activities in rural areas. 

Funding is being provided by the Rural Economic Development Loan and Grant Program (REDLG). Loans of up to $1 million and grants of up to $300,000 are available.

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. Awards are made on a competitive basis.

In Nebraska, funds have been provided to rural utilities program borrowers to assist hospitals in Dawson County with upgrading their servers and computer networks for the Electronic Medical Records (EMR) systems.  The program helped create and save jobs as a direct result of the projects, which is a goal of the program, for small rural communities.

Applications for available funding are due by December 31, 2016 for the Second Quarter; March 31, 2017 for the Third Quarter; and June 30, 2017 for the Fourth Quarter.

For details on how to apply and for additional information, see Page 83196 of the November 21, Federal Register.

To locate the Nebraska office nearest you, visit https://www.rd.usda.gov/contact-us/state-offices/ne.