HomeMy WebLinkAbout09-14-23 Correspondence - US Dept of Agriculture - USDA Seeks Applications to Spur Rural Job Growth and Economic DevelopmentFrom:USDA Rural Development MontanaTo:AgendaSubject:[EXTERNAL]USDA Seeks Applications to Spur Rural Job Growth and Economic DevelopmentDate:Thursday, September 14, 2023 9:54:49 AM
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US Department of Agriculture Rural Development - Together America Prospers
STAKEHOLDER ANNOUNCEMENT
USDA Seeks Applications to Spur Rural Job Growth andEconomic Development
WASHINGTON, Sept. 14, 2023 – The United States Department of Agriculture (USDA)
today announced that the Department is accepting applications for funding to help create
jobs and promote economic growth in rural communities.
USDA is making loans and grants available under the Rural Economic Development Loan
and Grant (REDLG) programs for fiscal year (FY) 2024. Through these programs, USDA
provides zero-interest loans to local utilities which they, in turn, pass through to local
businesses for projects that will create and retain employment in rural areas. Through the
REDLG programs, USDA also provides grants to local utility organizations, which use the
funding to establish revolving loan funds to finance community facilities.
Specifically, applicants may use funds to support business startup, business expansion
and business incubators; technical assistance and feasibility studies; essential community
facilities; and advanced telecommunications services and computer networks for medical,
educational and job training opportunities.
USDA is particularly interested in applications that will advance Biden-Harris
Administration priorities to:
Reduce climate pollution and increase resilience to the impacts of climate change
through economic support to rural communities.
Ensure all rural residents have equitable access to Rural Development (RD)
programs and benefits from RD-funded projects; and
Help rural communities recover economically through more and better market
opportunities and through improved infrastructure.
This notice is issued prior to the passage of a FY 2024 Consolidated Appropriations Act.
This early notice will allow applicants sufficient time to leverage financing, prepare and
submit their applications, and give the agency time to process applications within FY
2024.
Interested applicants are encouraged to contact Lad Barney, USDA Rural Development in
Montana Business Programs Director, at lad.barney@usda.gov in advance of the
application deadline to ask questions about their project, the program, or the application
process.
Montana applications must be submitted to lad.barney@usda.gov no later than 4:30 p.m.
Mountain Time on the following dates:
First Quarter: Sept. 30, 2023
Second Quarter: Dec. 31, 2023
Third Quarter: March 31, 2024
Fourth Quarter: June 30, 2024
Additional information is available on page 63057 of the Sept. 14, 2023, Federal Register.
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