USDA Seeks Applications for Rural Economic Development and Job Creation Loans and Grants

The deadline to apply is June 30, 2018

The U.S. Department of Agriculture (USDA) Rural Development is accepting applications for projects that promote economic development and job creation in rural areas.

Through the Rural Economic Development Loan and Grant (REDLG) Program, USDA provides zero-interest loans and some grant funds to rural utilities, which they in turn pass through to local businesses for projects that will retain or create new employment opportunities in their community. The 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.

New this year, the maximum loan amount has been increased to $2 million. The maximum grant amount is $300,000. Awards are made on a competitive basis to utilities that will relend the funds for local economic development efforts.

Applications are due by 4:30 p.m. PST on June 30, 2018. In Oregon, applications should be submitted to:

USDA Rural Development
ATTN: Brandon Doyle
1220 SW 3rd Avenue
Portland, OR 97204

For questions, or to discuss a potential project, contact Brandon Doyle, Business and Cooperative Programs Specialist, (541) 699-3189. For details on the program and how to apply, see page 23625 of the May 22, 2018, Federal Register.

For more information…

Questions related to USDA Business Programs in Oregon may be directed to a local Business and Cooperative Specialist.

For projects outside of Oregon…

Those with project proposals outside of Oregon should contact USDA Rural Development in the corresponding state.