Rural Economic Development Loan and Grant Program
The U.S. Department of Agriculture is accepting applications for $45.8 million in loans and grants to support rural communities and spur economic development. This program provides no-interest loans to Rural Development utility program borrowers, which in turn re-lend the money to local entities to promote economic development and job creation. Applications must be received by March 31 for 3rd quarter funding and June 30 for 4th quarter funding.