Applications Being Accepted for Funding to Support Small and Emerging Rural Businesses

DENVER, Colo., October 31, 2013 – USDA Rural Development State Director Trudy Kareus announced that the agency is accepting applications for the Rural Business Enterprise Grant Program (RBEG). Applications are due by 4 PM on January 17, 2014. Nonprofit economic development groups, public bodies and tribes are encouraged to apply. Grant funds may be used for targeted technical assistance, training and other activities to support the development of small, private business enterprises in rural areas.

“These grants serve as a catalyst for economic development in rural areas. Previous grants have led to job creation and retention in rural areas across Colorado,” said Kareus. Past grantees have used funding for revolving loan funds providing small and emerging businesses with low interest rate loans, feasibility studies and other types of technical assistance. If you would like to receive a copy of the Fiscal Year 2014 application package please contact P.J. Howe, Rural Development Specialist, at (970) 824-3746, ext. 111, p.j.howe@co.usda.gov.

Today’s announcement is another reminder of the importance of USDA programs for rural America. A comprehensive new Food, Farm and Jobs Bill would further expand the rural economy. 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.

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