The Intermediary Relending Program is USDA Rural Development’s primary program for capitalizing revolving loan funds. Since President Obama took office, the program has created or saved an estimated 20,000 jobs nationwide. Read more »
“The Rural Business Enterprise Grant program (RBEG) is one of the most flexible economic development opportunities offered by USDA Rural Development.” Those words from New Mexico State Director Terry Brunner kicked off a webinar workshop recently to discuss the RBEG program and how to apply for funds.
In the past, here in New Mexico, the RBEG has been used to fund business incubators, feasibility studies, business plans, and it has financed technical assistance programs for business development.
Earlier this month, the staff from Rural Development’s State Office in New Mexico hosted a workshop that gave a complete overview of the RBEG program explaining the funding is made available to public bodies, nonprofit organizations, public and private nonprofit institutions of higher education, and Indian tribes to facilitate and finance the development of small and emerging private business enterprises in rural communities and cities up to 50,000 in population. Read more »
Rural Americans face many unique challenges – and every day, the U.S. Department of Agriculture provides assistance to help grow American agriculture and increase opportunity for rural communities. Unfortunately, 90 percent of America’s persistent poverty counties are in rural America–and we can’t allow these areas to be left behind. This week, USDA is further expanding a program to partner with rural communities and regions on projects they support to promote economic growth. Through this initiative, known as the StrikeForce for Rural Growth and Opportunity, USDA helps communities leverage their resources to access programs, promote economic development and create more jobs. Read more »
In recognition of National Women’s History Month, the South Dakota USDA Rural Development staff salutes all of the inspiring, influential women who are making a difference in society at the local, state and national level. In line with this year’s theme of Science, Technology, Engineering and Mathematics (SMART) we draw strength and inspiration through the tenacity of one woman’s journey, Dawn Emily Ottman.
After a career in the military followed by a decade of success as an engineer, Dawn sustained a head injury. After years of relearning to walk and adjusting to her disability, she made the decision to work when she could, and not give up. So what’s a woman to do when she spends her life contributing and now finds herself requiring too many “accommodations” in the workplace? She creates her own job where she can accommodate her disability challenges. And so it was in 2005, when CanDew Scientific, a small business of one employee and a renewable energy “green engineering” company was formed with assistance received through the Small Business Development Center (SDBC). Centers of this type are funded across the nation in part with assistance from USDA Rural Development. Read more »
Nobody in the audience was checking emails or text messages. No one was squirming and looking at the clock. In fact, all of the attendees were riveted to the presentations.
The event was a recent Revolving Loan Fund Roundtable sponsored by USDA Rural Development in Phoenix, Arizona.
Lyle Frederickson with Great Western Bank observed the attentiveness and speculated that was because the lenders in the room represented small communities…and rural communities are crying out now more than ever for help capitalizing their small businesses. Read more »
Collaboration, cooperation and coordination are good words, especially when all three can be used to describe an action. Community Foundation of Northwest Missouri (CFNWMO) and nine other Missouri community foundations are collaborating, cooperating and coordinating in the funding and creation of a Transfer of Wealth (TOW) study.