Funding for Economic Development

Socially-Disadvantaged Groups Grant

Provides technical assistance to socially disadvantaged groups in rural areas, whose members have experienced racial, ethnic, or gender prejudice because of their identity. Funds cooperatives and Cooperative Development Centers that offer various types of technical assistance, including feasibility studies, business plans, strategic planning, and leadership training, among others.

Application Deadline: Jun 3, 2024
Sponsor: USDA Rural Development (USDA RD)
Workforce Opportunity for Rural Communities (WORC) Initiative

Supports workforce development activities and economic development plans in rural areas throughout the Appalachian, Lower Mississippi Delta (Delta), and Northern Border regions. Provides funds for career training, and support services to prepare dislocated workers, including workers affected by substance use disorder (SUD), for good jobs in high-demand occupations in these regions. Ensures that efforts align with existing economic growth strategies in order to increase employment opportunities and foster long-term regional economic prosperity.

Application Deadline: Jun 20, 2024
Sponsor: Employment and Training Administration (ETA)
Rural Economic Development Loan and Grant Program (REDLG)

Offers grants and zero-interest loans to local utility organizations who provide funding options for local businesses. Supports economic development in rural areas by funding projects designed to create or preserve job opportunities.

Application Deadline: Jun 30, 2024
Sponsor: USDA Rural Development (USDA RD)
Rural Microentrepreneur Assistance Program

Provides microenterprise development organizations (MDOs) with loans and grants to help establish and expand microenterprises through a Rural Microloan Revolving Fund. Helps microloan borrowers and microentrepreneurs receive training and technical assistance.

Application Deadline: Jun 30, 2024
Sponsor: USDA Rural Development (USDA RD)
USDA Intermediary Relending Program

Seeks to improve economic development, create employment opportunities, and reduce poverty in rural areas, especially disadvantaged and isolated communities. Offers 1% low-interest loans to local lenders known as intermediaries, that then re-lend funds to businesses in rural communities to foster community development.

Application Deadline: Jul 1, 2024
Sponsor: USDA Rural Development (USDA RD)
Community Development Block Grant Program for Indian Tribes and Alaska Native Villages

Funds for American Indian and Alaska Native tribes and villages to support projects for housing, community facilities, and economic development. Helps communities provide funding to improve housing, suitable living environments, and economic opportunities primarily for persons with low and moderate income. Offers 2 types of funds, Single-Purpose grants and Imminent Threat grants. Imminent Threat grants are available to address urgent public health or safety threats, including those related to alcohol and substance use.

Application Deadline: Jul 15, 2024
Sponsor: Office of Public and Indian Housing (PIH)
AmeriCorps State Formula Grants

Awards formula funding through a governor-appointed State or Territory Service Commission to single state programs that engage AmeriCorps members to build capacity, expand services, and help communities address their needs through service and volunteer activities. Focuses service projects on six areas: disaster services, economic opportunity, education, veterans and military families, environmental stewardship, and healthy futures. Includes service projects related to substance misuse. Supports evidence-based or evidence-informed interventions, practices, and program models.

Applications accepted on an ongoing basis
Sponsor: AmeriCorps
Beginning Farmers and Ranchers Loan Program

Provides loan funds to farmers and ranchers who are in their first 10 years of operation to assist them in establishing prosperous and competitive farms and ranches. Helps new farmers and ranchers finance normal operating expenses, purchase land and capital, access new markets and marketing opportunities, diversify operations, pay family living expenses, and more. Funding can be accessed through one of the following four USDA Farm Service Agency (FSA) loan programs: Farm Operating Loans, Farm Ownership Loans, Guaranteed Farm Loans, and Microloans Programs.

Applications accepted on an ongoing basis
Sponsor: USDA Farm Service Agency (FSA)
Business & Industry Loan Guarantees

Offers programs to guarantee loans to rural businesses to increase access to business capital and improve rural economies. Allows commercial lenders to offer affordable financing to rural businesses to support business operations and create or preserve employment opportunities.

Applications accepted on an ongoing basis
Sponsor: USDA Rural Development (USDA RD)
Economic Development Assistance Programs (EDAP): Public Works and Economic Adjustment Assistance Program (PWEAA)

Supports the planning and implementation of economic development and revitalization projects in areas facing economic disruption and hardship, including rural and American Indian and Alaska Native tribal communities. Helps communities attract investment, create and retain new businesses and jobs, provide job training and education opportunities for dislocated workers, and enhance technology and infrastructure.

Applications accepted on an ongoing basis
Sponsor: Economic Development Administration (EDA)
EDA Planning and Local Technical Assistance Programs

Provides economically distressed areas, including rural and tribal communities, with resources to address their individual economic needs with the goal of creating and retaining jobs, developing workforce, advancing innovation, and increasing private investments. Supports strategies that build regional assets and provide local and regional capacity building and economic development.

Applications accepted on an ongoing basis
Sponsor: Economic Development Administration (EDA)
Microloan Programs

Offers microloans focused on the credit needs of small and beginning, niche and non-traditional farm operations, including truck farms, hydroponic, aquaponic, and organic producers, as well as direct marketing and sales through farmer's markets, community-supported agriculture, restaurants, and grocery stores. Loans may be used to make a down payment on a farm; build, repair, or improve farm buildings and facilities; purchase livestock, seed, and fertilizer; pay land rents, utilities, family living expenses, and other costs essential to starting and maintaining successful farm operations.

Applications accepted on an ongoing basis
Sponsor: USDA Farm Service Agency (FSA)
Minority and Women Farmers and Ranchers Loan Program

Provides loan funds to historically underserved farmers and ranchers through all of the USDA Farm Service Agency (FSA) loan programs. Funds from each loan program are set aside to specifically target farmers and ranchers who are women, African Americans, Alaskan Natives, American Indians, Hispanic, Asian, Native Hawaiians, and Pacific Islanders. Eligible FSA loan programs include Guaranteed Farm Loans, Farm Operating Loans, Farm Ownership Loans, and Microloan Programs.

Applications accepted on an ongoing basis
Sponsor: USDA Farm Service Agency (FSA)
Rural Business Investment Program

Provides licenses to newly formed, for-profit entities to operate as a Rural Business Investment Company (RBIC). RBICs make equity capital investments in small, rural enterprises that may otherwise have difficulty accessing venture capital. Seeks to develop economies, create wealth, and increase job opportunities for people living in rural communities.

Applications accepted on an ongoing basis
Sponsor: USDA Rural Development (USDA RD)
Small Business Administration (SBA) Guaranteed Loans

Assists small businesses in securing loans to support their business operations. Provides financial guarantees and sets guidelines for lenders in order to make loans easier to access for eligible businesses. Loans can be used to pay for long-term fixed assets, such as real estate, equipment, machinery, construction, and remodeling, or as working capital for seasonal financing, revolving credit, export loans, and refinancing debt.

Applications accepted on an ongoing basis
Sponsor: Small Business Administration (SBA)
Strategic Economic and Community Development

Supports regional economic development plans for rural areas by giving funding priority to multi-jurisdictional projects implemented through USDA Rural Development programs. Projects are intended to build community prosperity by using community assets, identifying resources, convening partners, and leveraging federal, state, local or private funding.

Applications accepted on an ongoing basis
Sponsor: USDA Rural Development (USDA RD)
Telecommunications Infrastructure Loans & Loan Guarantees

Aims to improve rural communications and economic development by providing loans and technical assistance to build, improve, and further develop telecommunication services in rural communities.

Applications accepted on an ongoing basis
Sponsor: USDA Rural Development (USDA RD)
Farmers Market Promotion Program (FMPP) Inactive

Increases communities' access to locally and regionally produced food and agricultural products by developing, coordinating, and expanding direct producer-to-consumer operations and activities, such as domestic farmer's markets, roadside stands, community-supported agriculture (CSA) programs, agritourism activities, online sales, or other market opportunities. Builds organizational capacity and provides outreach, training, and technical assistance in order to help producers achieve a greater impact on local and regional food systems.

Application Deadline: May 14, 2024
Sponsor: USDA Agricultural Marketing Service (AMS)
Local Food Promotion Program (LFPP) Inactive

Develops, coordinates, and expands local and regional food business enterprises that function as intermediaries for indirect producer-to-consumer marketing with the goal of making local and regional agricultural products more available and accessible to communities. Supports both planning and implementation activities to establish, improve, or expand local or regional food businesses. Assists businesses through feasibility studies, market research, training, and technical assistance to strengthen food system infrastructure and increase sales of locally and regionally produced agricultural products.

Application Deadline: May 14, 2024
Sponsor: USDA Agricultural Marketing Service (AMS)
Regional Food System Partnerships (RFSP) Inactive

Promotes partnerships able to connect and utilize public and private resources to strengthen regional food systems. Supports partnerships to improve viability and resilience of the local or regional food economy.

Application Deadline: May 14, 2024
Sponsor: USDA Agricultural Marketing Service (AMS)
Distance Learning & Telemedicine Grants Inactive

Funds telecommunication projects that support distance learning and telemedicine services to increase access to education, training, and healthcare resources for students, teachers, medical professionals, and residents in rural areas. Emphasizes telecommunication projects that address substance use disorders (SUDs), including opioid misuse.

Application Deadline: Apr 29, 2024
Sponsor: USDA Rural Development (USDA RD)
AmeriCorps State and National Native Nations Grants Inactive

Awards funding to tribes and tribal organizations to engage AmeriCorps members in evidence-based or evidence-informed interventions and practices to strengthen tribal communities.

Application Deadline: Apr 5, 2024
Sponsor: AmeriCorps
Partnerships for Opportunity and Workforce and Economic Revitalization (POWER) Initiative Inactive

Funds economic revitalization projects in the Appalachian region focused on building businesses, workforce ecosystems, infrastructure, culture and tourism, and leadership capacity to meet Appalachian Regional Commission's strategic investment goals. Gives priority to investments for building a competitive workforce, fostering entrepreneurial activities, developing industry clusters, and broadband initiatives.

Letter of Intent (Required): Mar 1, 2024
Application Deadline: Apr 17, 2024
Sponsor: Appalachian Regional Commission (ARC)
Rural Business Development Grants (RBDG) Inactive

Offers funding to support technical assistance and training for rural businesses that have fewer than 50 new workers and generate a gross revenue less than $1,000,000. Funds can also be used on projects to support and benefit rural businesses as specified in the grant application. Supports the expansion of rural businesses through economic development, planning, and other related activities.

Application Deadline: Feb 28, 2024
Sponsor: USDA Rural Development (USDA RD)
USDA Community Connect Grants Inactive

Awards grants for the deployment of broadband in rural communities where private sector internet service providers are unable to develop the infrastructure to provide broadband service due to economic and cost challenges. Support internet services to foster economic development and employment, and improve educational and healthcare opportunities in eligible areas.

Application Deadline: Feb 20, 2024
Sponsor: USDA Rural Development (USDA RD)
AmeriCorps State and National Grants Inactive

Provides competitive funding to organizations that engage AmeriCorps members to build capacity, expand services, and help communities address their needs through service and volunteer activities. Supports evidence-based or evidence-informed interventions, practices, and program models.

Application Deadline: Jan 4, 2024
Sponsor: AmeriCorps
Hope VI Main Street Program Inactive

Assists small communities by providing funding to construct new housing or to replace unused space in existing commercial buildings with affordable housing units as part of an ongoing Main Street revitalization project. Supports the redevelopment of central business districts or Main Street areas in order to strengthen local economies. Allows communities to increase the amount of affordable housing available to residents while preserving the historic, traditional character of their Main Street area.

Application Deadline: Dec 11, 2023
Sponsor: Office of Public and Indian Housing (PIH)
Build to Scale Program (B2S) Inactive

Funds technology-based economic development initiatives that promote job growth, innovation, economic opportunity, global competitiveness, and the development of future industry-leading companies in regions across the U.S. Aims to help startups and companies access investment capital, grow their companies, empower entrepreneurs, and commercialize new technology. Projects are intended to benefit underserved populations and communities, including rural areas.

Application Deadline: Jul 28, 2023
Sponsor: Economic Development Administration (EDA)
Rural Community Development Initiative Grants (RCDI) Inactive

Provides funding to intermediary organizations that offer financial and technical assistance to recipients to help meet the needs of their communities in eligible rural areas. Recipients use funds for projects related to housing, community facilities, or community and economic development projects in rural communities.

Application Deadline: Jun 28, 2023
Sponsor: USDA Rural Development (USDA RD)
Economic Impact Initiative Grants Inactive

Offers grants to assist small, financially distressed rural communities with the development of essential community facilities, including purchasing, constructing, and improving eligible facilities. Aims to promote public safety, lower taxes, and increase economic and community development by helping manufacturers and other businesses build or grow their operations in rural communities.

Application Deadline: Oct 1, 2022
Sponsor: USDA Rural Development (USDA RD)
AmeriCorps Senior Corps Retired and Senior Volunteer Program (RSVP) Program Inactive

Provides funds to organizations to engage and manage individuals aged 55 and older for service projects implementing evidence-based programs and models to strengthen communities. Focuses on capacity building in 6 focus areas: disaster services, economic opportunity, education, environmental stewardship, healthy futures, and veterans and military families. Prioritizes funding for 9 topics, including access to care for opioid abuse. Seeks to prevent or reduce prescription drug and opioid abuse through health education and increasing healthcare access. Offers seniors a variety of service activities and flexible work commitments, ranging from a few hours to a maximum of forty hours per week.

Application Deadline: Sep 3, 2020
Sponsor: AmeriCorps
Support to Communities: Fostering Opioid Recovery Through Workforce Development Inactive

Provides funding to state workforce agencies and tribal organizations to make subgrants to local workforce development boards to address the economic, workforce, and health impacts of the opioid crisis in communities with high rates of substance use disorder (SUD). Supports collaboration between key community stakeholders to provide career, job training, and employment services to help individuals find and retain employment. Funds comprehensive screening services, outpatient recovery care, and other services for individuals with SUD that can also support their efforts to obtain and/or maintain employment.

Application Deadline: Jan 9, 2020
Sponsor: Employment and Training Administration (ETA)
Rural Broadband Loans, Loan/Grant Combinations, and Loan Guarantees (Farm Bill Broadband Program) Inactive

Provides loans and loan guarantees to build, improve, or acquire the facilities and equipment necessary to deliver services at the broadband lending speed to eligible rural areas. Supports projects that improve rural economies and the quality of life in rural communities. Seeks to fund projects related to technological innovation, e-connectivity, and the rural workforce.

Application Deadline: Sep 30, 2019
Sponsor: USDA Rural Development (USDA RD)