Deadline: 03-Aug-20
The Rural Cooperative Development Grant program improves the economic condition of rural areas by helping individuals and businesses start, expand or improve rural cooperatives and other mutually-owned businesses through Cooperative Development Centers.
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The primary objective of the RCDG program is to improve the economic condition of rural areas by assisting individuals or entities in the startup, expansion or operational improvement of rural cooperatives and other business entities. Grants are awarded competitively on an annual basis to Rural Cooperative Development Centers who in turn provide technical assistance to individuals and entities.
Grant and matching funds can be used for developing and operating a Rural Cooperative Development Center. Examples of technical assistance and other services the Centers provide are:
- Conducting feasibility studies.
- Developing business plans.
- Providing leadership and operational improvement training.
- Facilitating strategic planning.
A Center can be located in any area, but the individuals and business assisted must be located in an eligible rural area.
Funding Information
- Program Funding: $5.8 million.
- Maximum Grant Amount: $200,000.
Eligibility Criteria
- Nonprofit corporations and institutions of higher education are eligible to apply for this program. Public bodies, for-profit business and individuals are NOT eligible.
- Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education
- Private institutions of higher education
- Public and State controlled institutions of higher education
For more information, visit https://www.grants.gov/web/grants/view-opportunity.html?oppId=327995
It’s an opportunity especially for young people.