USDA Rural Development Rural Economic Development Loan and Grant (REDLG)
Print
Email
Rural Economic Development Loan and Grant
Click the button above for more information.
How it Works
The REDLG program provides funding to rural projects that create or retain rural jobs. Food hubs seeking establishment in rural zones would be good candidates for this grant or loan program. Under the REDLG program, the USDA provides zero interest loans to local utility companies that administer loans to the recipients of this REDLG program. Ultimately, as a REDLG recipient, you would repay your loan back to the local utility company.
Funding Focuses On
- Business incubators
- Community development assistance to nonprofits and public bodies (particularly job creation or enhancement, which could include food hubs and food hub-related businesses)
- Facilities and equipment for education and training for rural residents to facilitate economic development
- Business expansion
- Start-up costs for business
- Technical assistance
Funding Limit
$300,000 in grants; $2,000,000 in loans
Qualifications
- Have borrowed and repaid or pre-paid an insured, direct, or guaranteed loan received under the Rural Electrification Act or be a not-for-profit utility that is eligible to receive assistance from the Rural Development Electric or Telecommunication Program
- Be a current Rural Development Electric or Telecommunication Programs Borrower
Financing Geographic Area
United States