ADVISORY: Applications Being Accepted for USDA Rural Business Enterprise Grants (RBEG)
ATHENS - January 23, 2013 Applications are currently being accepted for the Rural Business Enterprise Grant (RBEG) for projected 2013 funding of the program. The Rural Development’s RBEG program provides grants for rural projects that finance and facilitate development of small and emerging rural businesses, help fund distance learning networks, and help fund employment related adult education programs. To assist with business development, RBEGs may fund a broad array of activities.
The deadline to submit RBEG applications in Georgia has been set for February 22, 2013. The Federal Budget has not been approved and a Notice of Funds Availability has not been issued for this program at this time however, due to the need to be prepared for selecting and obligating projects in anticipation of 2013 funding, applications are now being accepted. In years past, RBEG state allocated funds were due to be obligated by June 30th of the year of application.
Rural public entities (towns, communities, State agencies, and authorities), Indian tribes and rural private non-profit corporations are eligible to apply for funding. At least 51 percent of the outstanding interest in any project must have membership or be owned by U.S. citizens or resident aliens. Applicants should contact their Rural Development Area Office to apply. Click here for a list of Georgia Rural Development Offices.
President Obama’s plan for rural America has brought about historic investment and resulted in stronger rural communities. Under the President’s leadership, these investments in housing, community facilities, businesses and infrastructure have empowered rural America to continue leading the way – strengthening America’s economy, small towns and rural communities. USDA’s investments in rural communities support the rural way of life that stands as the backbone of our American values. President Obama and Agriculture Secretary Tom Vilsack are committed to a smarter use of Federal resources to foster sustainable economic prosperity and ensure the government is a strong partner for businesses, entrepreneurs and working families in rural communities.
USDA, through its Rural Development mission area, has an active portfolio of more than $176 billion in loans and loan guarantees. These programs are designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America.
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