Funding for Economic Development

USDA Community Connect Grant Program

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. Supports efforts to achieve e-connectivity to foster economic development and employment, and improve educational and healthcare opportunities in eligible areas.

Application Deadline: Dec 23, 2020
Sponsor: USDA Rural Development (USDA RD)
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: Dec 31, 2020
Sponsor: USDA Rural Development (USDA RD)
AmeriCorps State and National Competitive Grants

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. Focuses on the following areas: COVID-19 recovery, racial inequality, child poverty, economic opportunity, Economic Mobility Corps, education, veterans and military families, rural intermediaries, faith-based organizations, and healthy futures. Healthy futures emphasizes service projects related to substance use and prescription drug misuse through education, prevention, and recovery efforts to address the opioid crisis. Supports evidence-based or evidence-informed interventions, practices, and program models.

Application Deadline: Jan 6, 2021
Sponsor: AmeriCorps
Business and 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.

Application Deadline: Sep 15, 2021
Sponsor: USDA Rural Development (USDA RD)
AmeriCorps State Formula Grants

Awards formula funding through a governor-appointed state or territory service commission to organizations 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: economic opportunity, education, veterans and military families, rural intermediaries, faith-based organizations, and healthy futures. Includes service projects related to substance use and prescription drug 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)
COVID-19 Economic Injury Disaster Loans (EIDL)

Provides low-interest loans and loan advances to assist small businesses, agricultural businesses, and nonprofit organizations facing economic impacts and a temporary loss of revenue due to the COVID-19 crisis. Loans may be used for fixed debts, payroll, accounts payable, and other bills that cannot be paid due to the ongoing pandemic.

Applications accepted on an ongoing basis
Sponsor: Small Business Administration (SBA)
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)
Economic Impact Initiative Grants

Offers grants to assist rural areas facing extreme unemployment and economic decline 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.

Applications accepted on an ongoing basis
Sponsor: USDA Rural Development (USDA RD)
EDA CARES Act Recovery Assistance

Provides funding for economic development programs to help communities and regions prevent, prepare for, and respond to the COVID-19 crisis. Offers a wide range of assistance to address the impacts of the pandemic, including planning and technical assistance grants, capitalization/recapitalization of Revolving Loan Funds (RLFs), innovation grants, construction of infrastructure, deployment of broadband, and other development projects.

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

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 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)
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.

Applications accepted on an ongoing basis
Sponsor: USDA Rural Development (USDA RD)
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, Microloan Programs, and Youth Loans.

Applications accepted on an ongoing basis
Sponsor: USDA Farm Service Agency (FSA)
Rural Broadband Access Loan and Loan Guarantee Program (Farm Bill Broadband Program)

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.

Applications accepted on an ongoing basis
Sponsor: USDA Rural Development (USDA RD)
Rural Business Development Grants (RBDG)

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.

Applications accepted on an ongoing basis
Sponsor: USDA Rural Development (USDA RD)
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)
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.

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 providing additional financial assistance to multi-jurisdictional projects implemented through USDA Rural Development programs. Funding is intended to help projects overcome multi-jurisdictional challenges and leverage federal, state, local, and private resources in order to have a greater, regional impact on the economic conditions and quality of life in rural communities.

Applications accepted on an ongoing basis
Sponsor: USDA Rural Development (USDA RD)
Telecommunications Infrastructure Loans and 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)
AmeriCorps Seniors 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 six focus areas: disaster services, economic opportunity, education, environmental stewardship, healthy futures, and veterans and military families. Prioritizes funding for nine 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
Socially-Disadvantaged Groups Grant Inactive

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: Aug 10, 2020
Sponsor: USDA Rural Development (USDA RD)
Workforce Opportunity for Rural Communities (WORC) Initiative Inactive

Supports workforce development activities in rural counties throughout the Appalachian and Delta regions. Provides funds to prepare dislocated workers, new entrants to the workforce, and incumbent 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: Jul 29, 2020
Sponsor: Employment and Training Administration (ETA)
Distance Learning and Telemedicine Grants (Traditional DLT) 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 rural residents. Emphasizes telecommunication projects that help rural communities foster economic and community development. Works to reduce substance use disorder (SUD), including opioid misuse, in high-risk rural communities through education, treatment, and counseling programs and services.

Application Deadline: Jul 13, 2020
Sponsor: USDA Rural Development (USDA RD)
Build to Scale Program (B2S) Inactive

Funds technology-based economic 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.

Application Deadline: Jun 15, 2020
Sponsor: Economic Development Administration (EDA)
Farmers Market Promotion Program 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 farmers 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 26, 2020
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 26, 2020
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 planning and implementation efforts to address unnecessary administrative and technical barriers for producers, food businesses, and other stakeholders in the food system with the goal of creating local and regional food economies that are more viable and resilient.

Application Deadline: May 26, 2020
Sponsor: USDA Agricultural Marketing Service (AMS)
Rural Community Development Initiative Grants (RCDI) Inactive

Provides funding to intermediary organizations that deliver 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: May 13, 2020
Sponsor: USDA Rural Development (USDA RD)
AmeriCorps Indian Tribes Grants Inactive

Engages AmeriCorps members in evidence-based or evidence-informed interventions to strengthen American Indian and Alaska Native communities, including the Healthy Futures priority to reduce and prevent substance abuse and suicide. Emphasizes activities to increase protective factors that build resiliency and connectedness in individuals and communities to enhance self-esteem and cultural identity, reduce stress, and develop coping and problem-solving skills.

Application Deadline: May 6, 2020
Sponsor: AmeriCorps
Partnerships for Opportunity and Workforce and Economic Revitalization (POWER) Initiative Inactive

Funds economic revitalization projects in the Appalachian region focused on economic opportunities, workforce preparation, critical infrastructure development, natural and cultural assets, and building leadership and community 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, strengthening substance abuse response, and broadband initiatives.

Letter of Intent (Required): Apr 15, 2020
Application Deadline: Apr 24, 2020
Sponsor: Appalachian Regional Commission (ARC)
Indian Community Development Block Grant Program (ICDBG) Inactive

Funds for American Indian and Alaska Native tribes and villages to support projects for housing, communities facilities, and economic development. Helps communities provide suitable housing, construct public facilities, and expand economic opportunity for low-income individuals and families. Offers two 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: Feb 3, 2020
Sponsor: Office of Public and Indian Housing (PIH)
Opioid Distance Learning and Telemedicine Grants (Opioid DLT) 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 rural residents. Emphasizes telecommunication projects that address the opioid crisis to increase local capacity in opioid use prevention, treatment, and recovery by funding activities such as harm reduction strategies, overdose prevention, medication-assisted treatment (MAT), and peer recovery services.

Application Deadline: Apr 15, 2019
Sponsor: USDA Rural Development (USDA RD)